IBM is looking to buy a company…

IBM is looking to purchase a company called Cognos. So many companies are buying up other smaller technology companies to bring out of house items in house.

Here’s the article I picked up from the NY Times today:

OTTAWA, Nov. 12 — I.B.M. offered about $4.9 billion in cash today to acquire Cognos, a Canadian producer of software used by corporations to analyze their operations.

The friendly bid comes a month after SAP said it would spend $6.8 billion to buy Business Objects, a Paris-based company that is the chief rival of Cognos in the business intelligence software business.

So I guess we have to wait and see what happens…

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