The software is now called " IBM Cognos Analytics" and "IBM Planning Analytics" or CA and PA. It continued to operate as a wholly owned subsidiary (Cognos, an IBM company) until January 1, 2009, when it was absorbed into IBM Infosphere product line under IBM Information Management Software brand within the company's Software Group. In 2007, following SAP's acquisition of Business Objects and Oracle's acquisition of Hyperion Solutions, IBM announced its acquisition of Cognos in November for $4.9 billion.
On June 2, 2009, DiMasi, Vitale, Lally, and Cognos lobbyist Richard McDonough were indicted "on a battery of.corruption charges" as a result of that probe. On December 17, 2008, The Boston Globe confirmed that the State investigations were being joined by a Federal Grand Jury probe investigating the allegations and potential violations of Federal law. In addition to the payoffs made to close associates of DiMasi, it is known that Vitale helped arrange a below-market mortgage for DiMasi, which violated state Ethics laws. This retainer stopped the same month as the second Cognos contract was awarded. A second close associate of DiMasi's, lawyer Steven Topazio, was placed on a two-year $5,000 a month retainer for unspecified purposes. IBM, who now owns Cognos, has refunded the improperly awarded $13 million USD paid to Cognos. The disposition of the funds has not been disclosed and the State has rescinded the contracts. Vitale and WN Advisors were not registered as state lobbyists and did not disclose the payments, the bulk of which were apparently made on the same day that the state wired funds for the multimillion-dollar contracts to Cognos. In the course of these investigations, a payoff from former Cognos sales executive Joseph Lally in the amount of $600,000 USD was found to have been made to Vitale's company WN Advisors. These contracts came under scrutiny from the State Ethics Commission and the office of state Inspector General Gregory Sullivan when several conflicts of interest surrounding Speaker of the Massachusetts House of Representatives Salvatore DiMasi and his accountant Richard Vitale came to light.
This followed a 2006 $4.5 million USD state contract awarded to Cognos by the Massachusetts Department of Education. In August 2007, the Massachusetts state Information Technology Division awarded Cognos a $13 million USD contract for performance management software. On December 31, 2013, UNICOM Systems, a division of UNICOM Global acquired the PowerHouse product line including PowerHouse 4GL Server, Axiant® 4GL and PowerHouse Web®, so Powerhouse products would no longer be part of the IBM product set. In January 2010, as part of a reorganization of IBM Software Group, software from Cognos and recently acquired SPSS were brought together to create the Business Analytics division. It had previously acquired Right Information Systems ( 4Thought), Interweave (Impromptu Web Query), Relational Matters (DecisionStream), Scientific Time Sharing Corporation (LEX2000), NoticeCast, Adaytum, Frango, DataBeacon, and Celequest. In September 2007, Cognos announced that it would be acquiring Applix. This prompted Cognos to build its web technology through the acquisition of other companies rather than internal research and development. After Cognos issued a notice informing shareholders of a slowdown in growth, many sold their shares, causing prices to fall quickly. Cognos grew successful with its business intelligence products for local area networks (LAN), but new Internet technologies had come into the BI industry faster than the company had anticipated.
In 1995, Ron Zambonini was named CEO and brought new marketing strategies. Its independent existence ended on January 31, 2008, when Cognos was acquired by IBM. Cognos became a public company in August 1986 trading on the Toronto Stock Exchange as CSN and on the NASDAQ as COGN. Cognos is a fragment scissored off the Latin word "cognosco," which means "knowledge from personal experience". Originally Quasar Systems Limited, it adopted the Cognos name in 1982. During the Canadian recession in the 1980s, Cognos shifted its focus from consulting to software sales. It began as a consulting company for the Canadian federal government and offered its first software product, QUIZ, in 1979. Potter joined Cognos in 1972, and was its Chief Executive Officer from 1975 until 1995. Cognos was founded in 1969 by Alan Rushforth and Peter Glenister.
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