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Sheila Jenkins

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.

http://www.news.com/8301-10784_3-9792531-7.html

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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