Business Objects plans to acquire Crystal Decisions

By acquiring Crystal Decisions, Business Objects will create a business intelligence (BI) solutions giant that boasts more than 3800 employees, 700 alliance partners and more than 16 million licenses worldwide.

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By  Matthew Southwell Published  July 22, 2003

Business Objects has announced plans to acquire Crystal Decisions for approximately US$820 million in shares and cash. Once complete, the deal will see the creation of a business intelligence (BI) solutions giant that boasts more than 3800 employees, 700 alliance partners and more than 16 million licenses worldwide.

The strategic rationale behind the deal is Business Objects’ desire to attain market leadership in the BI market, enhance its product line and increase its range of distribution channels.

“With this combination, we will seize the opportunity to take a leadership position in the BI market,” says Bernard Liautaud, chairman & CEO of Business Objects.

“The two companies are not only successful leaders in their space but have extremely complementary businesses, across many dimensions: product capabilities, distribution channels, international coverage, and skillset. Together, we will become the clear choice for organisations looking to standardise on a single BI provider,” he adds.

By joining forces with Business Objects, Crystal Decisions will be able to ensure its long term competitiveness in an increasingly active BI market. Furthermore, the vendor will be able to extend its product line by integrating its offerings with those of Business Objects.

“We are delighted at the prospect of joining the Business Objects team, and feel this is a perfect fit from a product, market, and cultural perspective,” says Jon Judge, president & CEO of Crystal Decisions.

“In the business intelligence market, size and scale will be key ingredients to long-term success. This combination will accelerate our own plans to better serve our customers by offering a broader product line and becoming a part of the new number one vendor in business intelligence,” he adds.

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