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Oracle News Headlines


SAP has BO

Just months after competitor Oracle’s Hyperion acquisition, SAP recently announced that it plans to acquire Business Objects in a cash deal valued at slightly more than $6.8 billion.

SAP is the world’s leading provider of business software with more than 41,200 customers in more than 120 countries running SAP applications.  Nearly a year ago, SAP noticed the business intelligence market was growing at a rapid rate. SAP's customers, meanwhile, have been calling on the enterprise applications giant to add an end-to-end solution for structured and unstructured business analytics and embed them into SAP's business suite, Kagermann noted in an article recently posted on CNET News.

Jointly, SAP and Business Objects plan to offer high-value solutions for process- and business-oriented professionals. The solutions will focus on assisting companies with strengthening decision processes, increase customer value and create sustainable competitive advantage through real-time, multi-dimensional business intelligence.

Business Objects, based in San Jose, Calif., and Paris, will operate as a stand-alone business and be part of the SAP Group. The acquisition is expected to close in the first quarter of 2008.



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