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    Business Objects snaps up Cartesis

    Business Objects snaps up Cartesis

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

    Author Date published April 25, 2007 Categories

    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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