| By SOA News Desk | Article Rating: |
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| May 2, 2007 06:00 AM EDT | Reads: |
10,583 |
Business Objects, itself considered a potential acquisition target, is buying Cartesis SA, a privately held French analytics house that competes with Hyperion, which Oracle just acquired. It’s paying about $300 million in cash.
According to Credit Suisse the deal should improve Business Objects’ financial application portfolio and its C-level ware.
An investment group led by Apax Partners bought Cartesis from PricewaterhouseCoopers in 2004. Cartesis has been around since 1990.
Published May 2, 2007 Reads 10,583
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