Cognos wins licensing deal with GE affiliate

Article Abstract:

Cognos Inc. (Ottawa), a software maker, has landed a global licensing contract with an affiliate of giant General Electric Co., and believes it can use the deal as a springboard to win future contracts with other big companies. Cognos says that it will provide Employers Reinsurance Corp. (ERC) (Overland Park, KS), the world's third-largest reinsurance company, with business intelligence software that will allow thousands of ERC's customers, partners and employees to sort through data more effectively. ERC is the largest piece of GE Capital, GE's financial arm. The deal marks the latest success for Cognos, which has been enjoying steady growth in recent years and is now the world's biggest maker of business intelligence software. Business intelligence software allows companies to analyze corporate data and prepare reports. Analysts say the market is booming as globalization has forced big companies to take on larger markets and more competitors.

Cognos Inc., COGNF

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Regulators approve financing deal for cash-strapped Corel

Article Abstract:

Ottawa, Ont.-based Corel Corp., a leading software maker, has finalized a $30 million short-term financing package. Corel received the funds from Vancouver, BC-based Canaccord Capital Corp.

Receipt of funds, Investment advice, Investment Advisory Services, Use of Funds, Financial services industry, Financial services, Investment advisers, Canaccord Capital Corp.

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Corel plans more affiliate spinoffs

Article Abstract:

Struggling software company Corel Corp. sells off units for stakes in affiliate companies to cut costs. The company will not however cut its core divisions, Wordperfect and CorelDraw.

Parent-to-subsidiary activities

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