Bearingpoint and Cognos Team to Deliver Corporate Performance Management Solution to Labatt Breweries

— Cognos Corporate Performance Management solution from BearingPoint delivers greater predictability, efficiency and flexibility in business performance for leading Canadian brewery —

Ottawa and Toronto, February 14, 2005— Cognos (NASDAQ: COGN; TSX: CSN), the world leader in business intelligence (BI) and corporate performance management (CPM), and BearingPoint, Inc. (NYSE: BE), one of the world's largest business consulting and systems integration firms, today announced that Labatt Breweries of Canada is complementing its 150 year tradition of brewing excellence with an industry-leading CPM solution from Cognos and BearingPoint.

Labatt selected BearingPoint with Cognos as a subcontractor to combine Cognos BI and enterprise planning tools to help improve workforce efficiency, control and planning at all levels, deliver more targeted and efficient performance management, enable faster, profit-based decision making, and identify new business opportunities, distribution gaps or sales trend changes in real-time.

Labatt has deployed the Cognos CPM solution as an integrated business performance foundation to effectively link internal transaction systems, external and internal data sources, and reporting/analysis tools for improved accountability, predictability, and visibility across its business in Canada.

The initial challenge was to develop a consistent framework worldwide for all data, processes and technology. Labatt's IT environment consisted of 11 different systems and 74 different transaction sets with 25 different dimensions. Internal data flowed from different human resource, ERP and CRM systems. Market research and retail consumption reports from external organizations like The Beer Store provided a steady stream of data points to manage and analyze.

"By working with Cognos and BearingPoint, we have integrated our performance monitoring and planning environments nationally across regions and functions for one common view of all data - a single source of the truth," said Lorrie Owen-Turner, Director of EBI, Labatt Breweries of Canada. "Implementing the Cognos CPM solution has provided us with an opportunity to move to a model that is focused on driving performance, profitability and proactively managing our business in real-time as opposed to continually gathering and seeking less up-to-date information from disparate systems and spreadsheets."

BearingPoint worked with Labatt to design and develop the solution architecture and has deployed Release 1, which included Labatt's commercial sales, marketing and finance organizations across Canada. Enterprise business intelligence provides detailed analysis and reporting with multiple dashboards in a manner that allow an organization to easily see, navigate and understand. Enterprise planning models provide long range to "what if" scenarios that are focused on several key metrics across the organization.

"The implementation and deployment of this initiative at Labatt demonstrates how companies can improve overall business performance," said Jeff Bowman, managing director, BearingPoint's Middle Market Consulting Group. "Together, Cognos and BearingPoint created a solution set that allows Labatt to focus on sales, marketing and finance activities and can lead to increased customer profitability." "Performance management is a business imperative and a key best-practice that illustrates excellence in corporate governance in today's regulated, compliance-focused environment," said Ben Plummer, vice-president, Global Partner Development, Cognos Inc. "Cognos, as a BearingPoint alliance partner, joins two recognized leaders in the performance management space to combine the domain and technical expertise required to architect and jointly deliver a complete CPM solution for Labatt. Labatt now has the right solution set for consistently optimizing decisions, addressing business challenges and proactively impacting future performance across the organization."

Labatt Breweries of Canada has taken the performance management vision and turned it into a strategic business initiative by implementing a CPM solution set for consistently optimizing decisions across the organization. This flexible system allows Labatt to proactively address business challenges and impact future performance.

Cognos' CPM solution is comprised of: Cognos Enterprise BI Series, one of the industry's most comprehensive business intelligence solutions; Cognos Planning and Consolidation solutions, industry-leading software for planning, budgeting, modeling, forecasting and financial consolidation; and Cognos Metrics Manager, one of the most robust and flexible enterprise scorecarding solutions.

About Labatt:
Labatt Breweries of Canada is one of the nation's longest-established and most successful companies. A proud brewer of quality beers, Labatt employs 3,800 Canadians, operates eight breweries from coast to coast. Labatt is a proud member of Belgian-based InBev, the world's largest brewer by volume. For further information, please visit: www.labatt.com.

About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world's largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the Company's website at www.bearingpoint.com.

ABOUT COGNOS
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 23,000 customers in over 135 countries. Cognos enterprise business intelligence solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com.