The Philadelphia Stock Exchange Standardizes on Cognos 8 Business Intelligence

    - Cognos will enable centralized, flexible reporting for better,
consolidated view of organization performance-

    BURLINGTON, MASS., March 13 /CNW/ - Cognos (Nasdaq:   COGN; TSX: CSN), the
world leader in business intelligence and performance management solutions,
today announced that the Philadelphia Stock Exchange (PHLX) has standardized
on Cognos 8 Business Intelligence (BI) for a more unified and complete view of
organizational performance.

    The first securities exchange in the U.S., and founded in 1790, the PHLX
has a strong tradition of innovation and continues to respond to the
ever-changing needs of the investment community. The company was looking for a
more comprehensive reporting system to allow it to better manage membership
data. Prior to using Cognos software, the PHLX had data stored in separate
remote groups. After a competitive review, the PHLX chose Cognos 8 BI as its
standard reporting system to gain one unified and interactive view of
information from its diverse set of management applications and isolated data
silos. Cognos 8 BI will enable prompted and ad-hoc reporting to help
centralize diverse and redundant applications, as well as ensure reliable
information sharing.

    With a central reporting system and a common front end, employees will be
able to select from a list of commonly used reports or create ad hoc reports
to get answers to questions and find new information. The PHLX will use IBM's
WebSphere portal as the interface and access point for Cognos 8 BI. The
software's ease of use will enable all Exchange employees to use Cognos 8 BI
to view membership data, keep track of new and old account information, and
gain information about new products, options, equities, real-time trade report
data, and clearing and exchange billing. In addition, Cognos 8 BI will
automatically deliver daily, monthly and quarterly reports on billing and
trading activities. These reporting activities will provide employees with
easier access to information they need to make better business decisions.

    "With the legacy mainframe and data islands, we could only view data in
isolated chunks," said Doug Schafer, first vice president of derivatives
trading systems development and back office redesign, the Philadelphia Stock
Exchange. "Standardizing on Cognos 8 BI provides us with a better look at the
company in order to deliver critical business insights and drive improved
decision-making. While it is a more comprehensive system, it is still easy for
our non-technical employees to use regularly."

    Cognos 8 BI is a groundbreaking product that provides decision makers at
all levels of the enterprise with a consistent, accurate view of information
to better manage performance. As a single product that easily integrates into
the PHLX's existing AIX and DB2 infrastructures, with multiple systems and
data sources, Cognos 8 BI is a robust technology foundation for BI
standardization and performance management.

    "The Philadelphia Stock Exchange's standardization on Cognos 8 BI is
demonstrative of our competitive edge in the business intelligence market, and
the financial services industry," said Laurence Trigwell, senior financial
services industry director, Cognos. "Our enterprise-wide solution is the only
solution on a single Web services architecture that will help businesses gain
better insights for their organization by putting the information into the
hands of decision makers. The Philadelphia Stock Exchange now has an easy to
use, reliable system with flexible report generation and quality data

    Cognos is a recognized leader in delivering performance management
solutions for the financial services industry. More than 1,000 financial
services institutions worldwide use Cognos, including nine of the top 10 banks
in Europe and all of the top 10 banks in the United States. Customers include
Regions Financial, Bank of Ireland, First Citizens Bank and SWIFT, the
financial industry-owned co-operative servicing over 7,800 financial
institutions in more than 200 countries. For more information about Cognos
solutions for the banking and financial services industry, please visit
financial-services/index.html (Due to the length of this URL, it may be
necessary to copy and paste it into your Internet browser's URL address field.
You may also need to remove an extra space in the URL if one exists.)

    About The Philadelphia Stock Exchange:

    The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
7,000 stocks, 2,318 equity options, 15 sectors index options, and currency
options and futures. For more information about the PHLX and its products,

    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

    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 Cognos' Web site at

For further information:

For further information: Media Contacts Cognos, Inc. David DeRosa,
613-738-1338 ext. 3317 or Lois Paul & Partners, LLC
Kristen Orfanos, 781-782-5852 or Investor Relations
Cognos, Inc. John Lawlor, 613-738-3503

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