SAP acquires Business Objects for £3.3 billion
By Miya Knights,
SAP announced it is to acquire business intelligence (BI) software vendor, Business Objects for about €4.8 billion (£3.32 billion).
SAP said the companies will continue to operate as separate entities, but the acquisition is part of its strategy to double its addressable market by 2010.
With little overlap between the two companies' offerings, the German enterprise resource planning (ERP) vendor said it would look to offer the both companies' customers BI products with an enterprise-wide scope along with embedded analytics in transactional applications.
In addition, it said the companies' channel and partner ecosystems would be able to take advantage of Business Objects' business process platform to manage information across SAP and non-SAP environments.
Henning Kagermann, SAP chief executive said: "We are highly committed to the next generation of applications serving business user."
Bernard Liautaud, chairman and founder of Business Objects said: "The combination of Business Objects and SAP means that we can truly amplify the reach of business intelligence - from the C-suite to Main Street."
The companies said additional details would be available about how they would look to exploit the additional revenue opportunities after the acquisition is expected to complete by the end of the first quarter of 2008, subject to regulatory approval.
SAP agreed to buy Business Objects with a cash offer of €42 (£28.10) per ordinary share a 20 per cent premium over its Friday night closing price of €35 on the Euronext stock exchange. It will make equivalent payments in the US where Business Objects has the second of its dual headquarters.
You may also like...
Sponsored Links
advertisement
You may also like...
Latest Business Intelligence Analysis & Insight
Big data: analytics' pot of gold
Inside the Enterprise: Can analytics boost the economy, and is IT ready to provide the resources to do so?
advertisement
Most popular
- IBM bans use of Siri on iPhones
- Apple iPad 3 vs iPad 2 head-to-head review
- Lenovo ThinkPad X1 Carbon Ultrabook review : First look
- Chromebooks: What's gone wrong?
- HP plans massive job cuts
- Google: Government controls are the internet's biggest threat
- Macs and Android under malware threat
- Sony Vaio T13 Ultrabook review: First look
- RIM loses its head of sales
- ARM-based Windows 8 tablets facing delays
Register for IT PRO
You'll get exclusive member benefits including free whitepapers, downloads, Webinars and weekly newsletters full of the latest IT PRO news, reviews, insight and expertise.




