Business Objects to Acquire Cartesis

Published April 23, 2007, 11:00 p.m. EDT

1 Min Read

Global business intelligence software provider Business Objects S.A., provider of the Crystal Reports series, has agreed to acquire enterprise software publisher Cartesis for about $300 million in cash.

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Cartesis, a provider of enterprise performance management software to more than 1,300 customers worldwide, offers financial reporting, consolidation and planning capabilities, as well as a new governance, risk and compliance portfolio.

Following the close of the deal, which is expected within the next three months, Cartesis will become part of the Business Objects Enterprise Performance Management product line unit.

Mark Doll, senior vice president and general manager of Global Services and EPM for Business Objects, and Cartesis chief executive Didier Benchimol, will lead the integration.

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