In October, IBM reported third-quarter results, which met Wall Street expectations, and last week IBM announced plans to acquire Cognos, Inc.
On the heels of a solid third quarter, in which Big Blue reported total revenues of $24.1 billion, an increase of 7 percent from 3Q06, and with $13.8 billion cash in hand, the company announced last Monday its plans to acquire Cognos, Inc. for $5 billion.
With the open-source approach to software and business models becoming so popular, what does it mean for proprietary-driven businesses?
The software industry is a completely different beast than it was just a few years ago. The open-source philosophy has forever transformed, and continues to shape, the way that proprietary vendors approach their customers.