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by Jeff Moad, MA Editorial Staff Posted on Monday, October 08, 2007 5:25:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Giant enterprise applications vendor opts to buy its way into the hot business intelligence market rather than go the homegrown route, and vows to let Business Objects, its largest acquisition to date, operate independently. |
| Keywords: | Business intelligence software, BI software |
In a departure from its organic growth strategy, SAP AG yesterday announced plans to acquire business intelligence software provider Business Objects SA for $6.78 billion in cash. The deal, described as a "friendly takeover" by both SAP and Business Objects, is expected to become final in the first quarter of 2008, pending an official tender offer and approvals by various regulatory agencies, including the U.S. Securities and Exchange Commission. SAP CEO Henning Kagermann, at a press conference today to announce the deal, said Business Objects would operate as a stand-alone entity within SAP. That structure, he said, will enable Business Objects to sell its BI software to SAP and non-SAP customers. [Click to continue] |
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