Another one bites the dust….
On Monday, IBM announced the acquisition of Cognos for $4.9 billion dollars. Although it is great news for Cognos shareholders, I can’t help but think that the result is one less independent Canadian technology company.
With the recent acquisitions of ATI by AMD, Sierra Systems by Golden Gate Capital and DataMirror by IBM, the list of independent Canadian companies seems to be dwindling down. Granted, there are still some exceptional tech companies such as Research in Motion OpenText and Celestica remaining but with two out of the top ten Canadian companies (according to The Branham Group) no longer being Canadian, there seems to be some major changes in the technology landscape.
