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Technology Stocks : Cognos Inc. - COGN -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (851)	8/19/1999 7:30:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 1109

Room to grow at Cognos $20M office planned By KEVIN BELL, Business Editor, Ottawa Sun Cognos Inc. said yesterday it will spend $20 million to construct a new building to accommodate its rapidly growing staff. The Ottawa company said the new 180,000-sq.-ft. complex will be built next to its existing headquarters on Riverside Dr. Cognos, which produces business intelligence software, has been on a hiring binge in recent months as it attempts to keep ahead of fast-growing competitors, primarily Business Objects SA of France. Donnie Moore, the company's senior vice-president of finance and administration, said the Ottawa workforce has doubled in size over the last three years, from 400 to 800. When the new building is completed in late 2000, Cognos' Riverside headquarters will be able to accommodate 1,300 employees. It will also be able to accommodate the growing workforce for several years to come, Moore said. "We have been increasing our operations worldwide to capture the opportunity taking form in the business intelligence marketplace," he said. Cognos has been contending with cramped quarters for several years, leasing seven satellite offices, most in the Auriga Dr. and Colonnade Rd. area. Once the new building is completed, most of those offices will be closed and staff will move into the digs.