APL2000

LEX2000 Inc. and its subsidiary APL2000 Announces Company To Be Acquired By Cognos

Atlanta - (BUSINESS WIRE) - Jan. 25, 1999 — LEX2000 Inc. (OTC BB: LXTO), a leading provider of financial management software, and the parent company of APL2000 Inc, today announced that it has agreed to be acquired by COGNOS Incorporated (Nasdaq: COGNF). A definitive merger agreement has been signed and approved by the LEX2000 Inc. Board of Directors. The Agreement calls for payment of approximately US$10 million to be paid in a combination of cash and Cognos shares and is subject to LEX2000 satisfying certain terms and conditions prior to closing. The offer has been accepted by principal shareholders of LEX2000 who hold in excess of 75% of LEX2000 Inc. shares. The offer will be submitted to shareholders for approval.

LEX2000 Inc. designs, develops and markets financial tools and applications. It is best known for its budgeting, consolidation and management reporting software. Its APL2000 Inc subsidiary provides APL based tools upon which those applications are built.

In addition, SS&C today announced that its letter of intent relating to the acquisition of the APL2000 tools business of Princeton, NJ-based APL2000 Inc., a wholly owned subsidiary of LEX2000 Inc., of Atlanta, Georgia, has been terminated. Ottawa, Ontario-based Cognos(R) recently announced its acquisition of LEX2000. “Cognos is a premier company with the depth and expertise to advance the APL2000 language,” stated Mr. Stone. President of SS&C. “We look forward to working with Cognos, and with the APL2000 team to continue to add strategic value to our PTS 2000™ client base.”

LEX2000 is headquartered in Atlanta with offices in Princeton NJ, Westport CT, Bethesda MD. Additional information on the company can be found online at http://www.LEX2000.com/ or by calling (888)534-7771.

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