Cognos Customer HypoVereinsbank AG Wins BI Excellence Award From Leading Industry Analyst Firm

– Award highlights world-class Business Intelligence strategy, processes, and results of Cognos implementation –

BURLINGTON, MA, February 10, 2006- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and corporate performance management (CPM), today announced that one of its customers, HypoVereinsbank AG (HVB), the second largest private-sector bank in Germany, has won the Gartner BI Excellence Awards for its BI implementation.

The Gartner BI Excellence Awards highlight world-class Business Intelligence initiatives. After achieving finalist status from the Gartner Business Intelligence analyst research team, HVB presented details of its “Active Credit Portfolio Management (ACPM)” implementation, leveraging Cognos’ business intelligence software, in front of a live audience of 685 attendees at the Gartner Business Intelligence Summit 2006. Conference attendees selected HVB as the winning case study, over two other award finalists. Gartner announced HVB as the BI Excellence Awards winner at a ceremony on February 7, 2006.

The criteria Gartner used in evaluating award candidates included:

• Magnitude of business benefits achieved;
• How “core” or “mission-critical” to the business was the implementation; and
• Successfully completing components from Gartner’s “Cornerstones of Business Intelligence Excellence.”

With Cognos, HVB was able to develop a new business model to more effectively manage corporate loan portfolios based on market pricing models and credit derivatives. As a result, HVB is able to avoid large risks, diversify risk, optimize the risk/return profile, and generate additional income.

“Winning the Gartner BI Excellence Awards is a great honor, and we are proud of the talented individuals on our team who have made this project so successful,” said Eckart Schroeer, director, head of information management, HypoVereinsbank AG. “In addition to redesigning our business models, we revolutionized our technology infrastructure with Cognos. The Cognos solutions enabled us to evolve our business and position us for growth in an exploding market environment.”

“We are glad to have been able to contribute to HVB’s triumph as the winner of the Gartner BI Excellence Awards,” said Dave Laverty, senior vice president of marketing, Cognos. “With our simplified BI environment, Cognos enables broad user adoption and serves as an enterprise foundation for performance management. We will continue to provide leading organizations such as HVB groundbreaking solutions that drive and improve corporate performance.”

In addition, Gartner recently positioned Cognos in the Leaders Quadrant of both the recent Business Intelligence Platforms Magic Quadrant and Corporate Performance Management Suites Magic Quadrant. View these reports at http://www.cognos.com/news/analyst_reviews.html.

Sources: Magic Quadrant for Business Intelligence Platforms, 1Q06, K. Schlegel, B. Hostmann, A. Bitterer, B. Burton, January 9, 2006; Magic Quadrant for CPM Suites, 2005, N. Rayner, F. Buytendijk, L. Geishecker, November 4, 2005.

About the Gartner Business Intelligence Summit
The Gartner Business Intelligence Summit is the only event designed to provide businesses with the knowledge required to create a visionary business intelligence strategy. Through a content-focused curriculum, attendees will learn the methodologies, strategies, technologies and architectures that will move them from the tactics of cost cutting and compliance to increasing their companies' agility and responsiveness, and improving overall business performance. Additional information is available at www.gartner.com/2_events/conferences/bie7i.jsp .

About the Magic Quadrant
The Magic Quadrants are copyrighted 2005 and 2006 by Gartner, Inc. and are reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cognos:
Cognos, the world leader in business intelligence and corporate performance management, delivers software and services that help companies drive, monitor and understand corporate performance.

Cognos serves more than 23,000 customers in over 135 countries. Cognos enterprise business intelligence and 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.