Key Partners Join Forces With Cognos to Deliver Solutions Addressing Sarbanes-Oxley Requirements

BURLINGTON, Mass., June 17, 2003 – Cognos (NASDAQ: COGN; TSX: CSN), the world leader in business intelligence (BI) and corporate performance management, today announced that numerous of its key partners have teamed with the company to deliver comprehensive solutions designed to help customers meet the certification requirements mandated by the Sarbanes-Oxley Act.

A recent IDC report (“Sarbanes-Oxley: A Catalyst for a New Category of Analytic Applications?,” April 2003) noted that the Sarbanes-Oxley Act and the regulations that implement its provisions will spur new requirements for robust compliance analytical frameworks and applications software for financial analysis, consolidation, and business performance management.

AMR Research’s study “CIOs: There is a Sarbanes-Oxley Project In Your Future” (May 2003) projects that “Fortune 1000 companies will spend up to $2.5B this year in Sarbanes-Oxley Act compliance-related work.” AMR Research’s survey indicates that “these firms are striving to identify early best practices to help them scope their SOA efforts.”

Cognos and its partners provide the necessary solutions to meet the enhanced financial reporting and corporate governance requirements detailed by the Sarbanes-Oxley Act.

“With the support of our partners, we are excited to offer joint customers a compliant-ready solution designed to meet the goal-driven requirements demanded by today’s organizations,” said Michael Morrison, vice president of North American Enterprise Planning and Financial Applications, Cognos. “In working with our partners, we are delivering solutions that provide unmatched functionality, ensuring our customers have a single, reliable, and accurate view for both balances and details of the company’s financials. This allows organizations to link individual execution with overall business strategy across the enterprise, fulfilling a critical element of effective corporate performance management.”

Many of the world’s leading organizations have teamed with Cognos to ensure Sarbanes-Oxley compliance, including Stonebridge Technologies.

“To resolve the compliance issues around Sarbanes-Oxley and thus avoid the thorny consequences of non-compliance, we advise our clients to address the challenge of strict financial accountability in its totality, including business processes and interrelated support systems, operational reporting, analytics and forecasting, and legacy document management,” said James Ivy, Stonebridge’s president and CEO. “The inherent strength of Cognos’ suite of business intelligence and financial planning solutions is that they address corporate governance, including corporate performance management, in totality — and at all levels within the enterprise — which is why Cognos is an integral part of our client solutions.”

Stonebridge Technologies provides business and technology integration services to help organizations achieve a higher level of operational excellence through more effective integration of data, processes and technology. Stonebridge’s solutions are focused on business intelligence, knowledge management, business process integration and fully integrated server and storage networks, and are built on the company’s deep experience in technology consulting, systems integration, custom application development and packaged-solutions implementation and upgrades. More information about Stonebridge is available at www.sbti.com and by telephone at 800-776-9755.

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

Cognos delivers the next level of competitive advantage — Corporate Performance Management (CPM) — achieved through the strategic application of BI on an enterprise scale. Our integrated CPM solution helps customers drive performance through planning; monitor performance through scorecarding; and understand performance through business intelligence.

Cognos serves more than 22,000 customers in over 135 countries. Cognos enterprise business intelligence solutions and services are also available from more than 3,000 worldwide partners and resellers.