Cognos(R) Announces Open Market Stock Repurchase



    OTTAWA, September 27 /CNW/ - Cognos Incorporated (Nasdaq:  COGN; TSX:CSN)
today announced that it has adopted a stock repurchase program which will
commence on October 10, 2007 and end on October 9, 2008. The program will
enable the Company to purchase up to the lesser of US$200,000,000 or 6,000,000
common shares (which is approximately 7% of the Company's public float of
82,763,189 shares as of September 25, 2007). The Company is of the view that
from time to time the market price of its common shares does not adequately
reflect the underlying value of the Company's business.

    Any purchases under the program will be made on The Nasdaq Stock Market
or the Toronto Stock Exchange at prevailing market prices and paid out of
general corporate funds. All repurchased shares will be cancelled. No shares
will be knowingly purchased from Company insiders or their affiliates. The
stock repurchase program of the Company will be subject to the rules and
policies of the TSX related to normal course issuer bids. Under the TSX rules,
the Company cannot purchase on any trading day more than 64,941 common shares
(twenty-five percent (25%) of its average daily trading volume, excluding
repurchases under its current program, over the six (6) months preceding its
filing of a Notice of Intention with the TSX).

    The current program, which was adopted on October 10, 2006 and amended on
July 5, 2007, will expire on October 9, 2007. As of September 27, 2007, Cognos
has repurchased 8,900,300 shares under the current program at an approximate
weighted average price of US$40.66 for an aggregate purchase price of
approximately US$361,868,733. All of these repurchased shares have been or
will soon be cancelled.

    Safe Harbor for Forward-Looking Statements

    Certain statements made in this press release that are not based on
historical information are forward-looking statements which are made pursuant
to the safe harbor provisions of Section 21E of the Securities Exchange Act of
1934 and Section 138.4(9) of the Ontario Securities Act. Such forward-looking
statements relate to, among other things, the Company's expectations with
respect to the repurchase of common shares pursuant to its stock repurchase
program, the use of general corporate funds for repurchases, the market price
of its common shares relative to the underlying value of the Company's
business and the receipt of approval by the Toronto Stock Exchange for the
program.

    These forward-looking statements are neither promises nor guarantees, but
involve risks, factors and uncertainties that may cause actual results to
differ materially from those in the forward-looking statements. Factors that
may cause such differences include, but are not limited to: a continuing
increase in the number of larger customer transactions and the related
lengthening of sales cycles and challenges in executing on these sales
opportunities; intense competition in Cognos' industry and its ability to
successfully compete; Cognos' transition to Cognos 8 and customer acceptance
and implementation of Cognos 8; the incursion of enterprise resource planning
and other major software companies into the BI market; continued BI and
software market consolidation and other competitive changes in the BI and
software market; currency fluctuations; the company's ability to identify,
hire, train, motivate, and retain highly qualified management/other key
personnel (including sales personnel) and its ability to manage changes and
transitions in management/other key personnel; the company's ability to
identify, pursue, and complete acquisitions with desired business results; the
impact of the implementation of new accounting pronouncements; the company's
ability to develop, introduce and implement new products as well as
enhancements or improvements for existing products that respond to
customer/product requirements and rapid technological change; the impact of
global economic conditions on the company's business; the company's ability to
maintain or accurately forecast revenue or to anticipate and accurately
forecast a decline in revenue from any of its products or services; the
company's ability to select and implement appropriate business models, plans
and strategies and to execute on them; fluctuations in the company's tax
exposure; unauthorized use or misappropriation of the company's intellectual
property; claims by third parties that the company's software infringes their
intellectual property; the risks inherent in international operations, such as
the impact of the laws, regulations, rules and pronouncements of foreign
jurisdictions and their interpretation by foreign courts, tribunals,
regulatory and similar bodies; the existence of regulatory barriers to
integration; as well as the risk factors discussed in the company's most
recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, filed
with the United States Securities and Exchange Commission ("SEC") and the
Canadian Securities Administrators ("CSA"), as well as other periodic reports
filed with the SEC and the CSA. Readers should not place undue reliance on any
such forward-looking statements, which speak only as of the date they are
made. The company disclaims any obligation to publicly update or revise any
such statements to reflect any change in its expectations or in events,
conditions, or circumstances on which any such statements may be based, or
that may affect the likelihood that actual results will differ from those
contained in the forward-looking statements.

    About Cognos:

    Cognos, the world leader in business intelligence and performance
management solutions, provides world-class enterprise planning and BI software
and services to help companies plan, understand and manage financial and
operational performance.

    Cognos brings together technology, analytical applications, best
practices, and a broad network of partners to give customers a complete
performance system. The Cognos performance system is an open and adaptive
solution that leverages an organization's ERP, packaged applications, and
database investments. It gives customers the ability to answer the questions -
How are we doing? Why are we on or off track? What should we do about it? -
and enables them to understand and monitor current performance while planning
future business strategies.

    Cognos serves more than 23,000 customers in more than 135 countries, and
its top 100 enterprise customers consistently outperform market indexes.
Cognos performance management solutions and services are also available from
more than 3,000 worldwide partners and resellers. For more information, visit
the Cognos Web site at http://www.cognos.com.

    Cognos and the Cognos logo are trademarks or registered trademarks of
Cognos Incorporated in the United States and/or other countries. All other
names are trademarks or registered trademarks of their respective companies.

    Note to Editors: Copies of previous Cognos press releases and Corporate
and product information are available on the Cognos Web site at
www.cognos.com, and at Business Wire's site at www.businesswire.com.




For further information:

For further information: Cognos Investor Relations Contact: John Lawlor,
613-738-3503 john.lawlor@cognos.com or Media Relations Contact: Sean Reid,
613-738-1440 Ext. 3260 sean.reid@cognos.com

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COGNOS

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