TechnologyBusiness Objects snaps up Cartesis

Business Objects snaps up Cartesis

Business Objects buys out performance management specialist Cartesis for €225m

Business Objects
, the owner of Crystal Reports, has pulled off the surprise acquisition of
rival Cartesis for
€225m (£153.3m).

‘The combination of Business Objects and Cartesis will deliver the industry’s
broadest offering to the office of the chief financial officer,’ Business
Objects said in a statement.

The deal is the latest in a series of transactions in the business software
sector, which has seen Oracle make an offer for Hyperion and
Infor snap up SunSystems.

The new structure will see Cartesis chief executive Didier Benchimol working
on building Cartesis into the Business Objects portfolio with Business Objects
vice president Mark Doll.

Further reading:

Wave of consolidation surges through business software
sector

Infor cosies up to SunSystems users

Infor attacks SAP mid-market move

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