BURLINGTON, MA, and NEW YORK, NY, December 18, 2001—Cognos (Nasdaq: COGN: TSE: CSN), a leading global provider of business intelligence solutions, and PwC Consulting^TM, a business of PricewaterhouseCoopers, today announced that Cognos has been selected as a global vendor to provide core business intelligence (BI) tools for PwC Consulting's iAnalytics solution.

Cognos is the only BI vendor at Chairman level status within the iAnalytics solution.

In the current economy, companies need to make informed decisions about how to stay profitable, requiring quick access to critical information and data across their entire value chain. iAnalytics—or integrated analytics—is a PwC Consulting-owned comprehensive solution that solves the problem of extracting key data from various disparate systems by applying advanced analytics such as strategic, customer, supply chain, workforce, and financial.

The end result is a customizable solution that combines strategy, process and technology and enables companies to quickly collect, aggregate, manage, distribute, and analyze mission critical information across their entire value chain.

The inclusion of Cognos tools in PwC Consulting's iAnalytics solution at the Chairman level will further enable PwC Consulting's clients to obtain a complete, end-to-end view of their enterprise, gaining critical insight to maximize business efficiency and profitability, thereby helping to improve business performance management. The central role that Cognos' tools will play in the iAnalytics solution further deepens the strategic relationship that exists between Cognos and PwC Consulting.

A range of flexible, tailored iAnalytics services are offered by PwC Consulting, all designed to address the complex information delivery and analytical challenges that global organizations face today.

"By making mission critical information relevant and actionable within an organization, iAnalytics helps our clients increase their revenues, reduce costs, be more agile in the marketplace and make better decisions overall," said Mike Schroeck, Global iAnalytics leader, PwC Consulting. "We are pleased to be adding Cognos into our iAnalytics family, enabling us to further offer our clients total analytical solutions designed to help them maximize and streamline their decision-making processes."

Cognos provides one of the industry's most complete, enterprise-scale BI solutions. Cognos BI works within the demanding and technically complex environment of the world's largest enterprises. With its integrated components, underlying framework, flexible information delivery, and event-driven business intelligence capabilities, Cognos helps deliver a proven advantage in improving and better managing a company's business performance.

"Few organizations can claim to maximize the potential and value of their information assets. This reflects the inherent difficulty of continuously integrating, managing, and controlling vast amounts of data and information from an increasing number of sources," said Robert Ashe, Cognos Chief Corporate Officer. "With the inclusion of Cognos tools in the iAnalytics offering, we believe that PwC Consulting and Cognos are positioned to help organizations integrate people, applications, and data successfully"

"PwC Consulting brings industry sector expertise and extensive experience in applying analytics for business use in its comprehensive iAnalytics program," said Henry Morris, VP for Applications and Information Access at IDC. "The alliance between PwC Consulting and Cognos should enable more global organizations to gain the benefits of greater efficiency and expanded opportunity that come with a sound application of business intelligence."

About PwC Consulting
PwC Consulting^TM (www.pwcconsulting.com) is a leading global provider of services that transform the businesses of established and emerging enterprises around the world. With an extensive network of global alliances, deep industry-specific knowledge, and broad capabilities in strategy consulting, process improvement and technology integration, PwC Consulting practitioners place innovative ideas into bold, meaningful actions that can help realize a strategic vision, drive business success, and enhance enterprise value for our clients.

PwC Consulting^TM refers to the management consulting services businesses of the member firms of the worldwide PricewaterhouseCoopers organization.

PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organization. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world. PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organization.