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February 5, 1997updated 05 Sep 2016 12:34pm

COGNOS TO BUY UK FORECASTING AND MODELING COMPANY

By CBR Staff Writer

Cognos Inc has has signed an agreement to buy UK forecasting and modeling company Right Information Systems Ltd for $8m in cash and shares. Cognos was already bundling Right Information’s 4Thought neural network-based data mining technology with Angoss Software Inc’s Knowledgeseeker (CI No 2,807). Cognos said it expects to take a hit of $5m net for write off of in process research and development.

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