Global Leader in Higher Education Standardizes on Cognos Corporate Performance Management Solution

DeVry selects Cognos industry-leading solutions; Chooses Cognos' complete and integrated solution for CPM, including business intelligence, enterprise planning, and scorecarding

BURLINGTON, MA, May 18, 2004 - Cognos (NASDAQ: COGN; TSX; CSN) the world leader in EBI and corporate performance management solutions, today announced that DeVry Inc. (NYSE: DV), an international higher education company, has selected its complete and integrated solution for CPM. Cognos' CPM solution is comprised of: Cognos Enterprise BI Series, the industry's most comprehensive business intelligence solution; Cognos Enterprise Planning Series, the industry-leading solution for planning, budgeting, modeling, and forecasting; and Cognos Metrics Manager, the most robust and flexible enterprise scorecarding solution.

As one of the world's largest, publicly-held higher education companies, DeVry conducts planning, reporting, and monitoring for a diverse and decentralized organization with multiple campuses in North America. The organization was looking for a performance management solution that could support its expanding organization. After a comprehensive evaluation of several vendors, DeVry selected Cognos.

"As a geographically dispersed organization, DeVry needs to be able to put the right information in the hands of the right people," said Bruno LaCaria, vice president and CIO of DeVry Inc. "With the Cognos solution, we are expecting to gain better efficiency in our budgeting, planning and forecasting processes - not only at the local level, but also system wide.

"DeVry has extensive experience and unparalleled industry expertise to address the primary challenges faced by the world's leading educational institutions. Selecting Cognos as their corporate performance standard is a clear indication of the significant competitive advantage our solution offers customers," said Rob Ashe, president and chief operating officer, Cognos. "Cognos looks forward to working with DeVry to deliver this solution globally and meeting their unique needs as a diverse and geographically dispersed organization."

ABOUT DEVRY INC.:

DeVry Inc. (NYSE: DV) is the holding company for DeVry University, Ross University and Becker Professional Review. DeVry University, which includes Keller Graduate School of Management, offers associate, bachelor's and master's degree programs in technology, business and management. Ross University, through its Schools of Medicine and Veterinary Medicine, offers both doctor of medicine and doctor of veterinary medicine degrees. Becker Professional Review provides preparatory coursework for the certified public accountant, certified management accountant and chartered financial analyst exams. For more information about DeVry Inc., visit http://www.devry.com.

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