SAP to pay $6.8 billion for Business Objects

Posted by Rob Lewis on 2007-10-08 10:58:00 PM

German software company SAP has agreed to buy Business Objects, a leader in the fast-growing market for business intelligence software, for $6.8 billion. This is significant news in BC as Business Objects acquired Vancouver-based Crystal Decisions in 2003 and are a Top 10 Tech employer locally with over 1,500 employees. The 2003 acquisition joined two of the strongest-performing Business Intelligence companies in enterprise software, with highly complementary products, distribution channels, and talent pools. Business Objects had been rumoured to be a takeover target for more than a month and its share price had risen about 15 percent in the last few weeks.

Company:
Business Objects
Website:
http://www.businessobjects.com
Location:
Vancouver, British Columbia, Canada

BUSINESS OBJECTS is the world's leading business intelligence (BI) software company enabling organizations to track, understand, and manage enterprise performance. Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to improve operational... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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