Shareholders approve $820m acquisition of reporting tools vendor
vnunet.com, 15 Dec 2003
Business intelligence software vendor Business Objects finalised its $820m (£471m) acqusition of reporting tools vendor Crystal Decisions last week after shareholders approved the deal.
The confirmation follows Business Objects' declaration last July of its intent to acquire Crystal Decisions.
But the eagerly awaited strategy to combine the two companies' products will not be unveiled until the new year.
Business Objects is planning a charm offensive for customers and partners with a road show that will visit cities around the world.
"We can now offer our customers the de facto standard product reporting, the market's leading interactive query and analysis solution and enterprise performance management products for scorecarding and dashboard," said Bernard Liautaud, chairman and chief executive officer of Business Objects.
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