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LandAmerica Selects Cognos for Enterprise BI Solution
Over 700 users company-wide use Cognos Series 7 for deep reporting, analysis
BURLINGTON, MA, July 9, 2003 Cognos, (NASDAQ: COGN; TSX: CSN) the world leader in business intelligence (BI) and corporate performance management announced today that LandAmerica Financial Group, Inc. (NYSE: LFG), a premier provider of real estate transaction services, has implemented a BI solution from Cognos. This solution will enable LandAmerica's employees to access and analyze consolidated business data to gain insight into operations and levels of profitability across the organization.
Cognos has made the standardization and consolidation process easier for LandAmerica. The system enables finance to quickly access aggregated financial data and analyze it to gain insight into profitability. The zero-footprint BI solution enables all reporting and analysis to be done on-line, meaning instant access to reliable and up-to-date data.
"Cognos enabled us to build a framework to answer the business questions we could not easily address before. We plan to utilize the BI tool to further analyze revenues and profitability by region and business unit, pulling in information across subject areas such as sales, human resources, claims processing, general ledger and statistical," said Bruce Wood, vice president, planning and analysis, LandAmerica. "By centralizing all data and providing employees with their own reporting and analysis, we are able to view business operations more holistically and have the ability to benchmark our success."
"Cognos provides a BI solution that enables companies to align and integrate tremendous amounts of data and processes, ensuring that accurate, timely data is accessible to users when and where they need it," said Leo Tucker, director of financial services solutions, Cognos. "Today's business climate requires flexible solutions that allow companies to comply with changing and challenging regulatory demands - we understand and deliver on that need with Cognos Series 7."
About LandAmerica:
LandAmerica Financial Group, Inc., headquartered in Richmond, Virginia, is a premier provider of real estate transaction services. LandAmerica, through its subsidiaries Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation, Transnation Title Insurance Company, LandAmerica OneStop and Inspectech, services its residential and commercial customers with more than 700 offices and a network of 10,000 agents throughout the United States, Canada, Mexico, the Caribbean, Central and South America. More information about the company and an archive of its press releases can be found at www.landam.com.

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Note to Editors:
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