Cognos Emerges Unscathed From SEC Review

Law360, New York (July 21, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has wrapped up an investigation into revenue allocation at Canada’s largest software company, concluding that that Cognos Inc.'s revenue recognition policy does not violate SEC rules.

With the SEC probe behind it, the company is looking forward to concentrating on business issues.

“Certainly, it allows us to focus on moving our business forward,” said Cognos Inc. spokesperson Sean Reid.

Reid echoed the sentiments of Cognos’ president and chief executive officer, Rob Ashe, who said the termination of the SEC investigation...
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