Business Objects acquired by SAP

One of the fabulous and market leading Dataware House tools that I have experience of working on, Business Objects has been acquired by SAP for €4.8 billion euros ($6.8 billion) as reported by Techcrunch.

 

SAP_BO

 

BO Business Objects is the leading player in the field of Business Intelligence and provides both desktop and web-based tools for generating eye-catching glossy reports with more flexibility than provided by any other Business Intelligence suite.

 

 

sap This deal makes the SAP the only biggest competitor to Oracle in the Database domain and definitely going to help SAP in long run to retain a big chunk of market, provided the back of 43,000 customers including over 80 percent of the Fortune 500 – and a network of more than 3,000 partners and resellers of BO.

 

As per the press release from BO,

 

SAP AG (NYSE:SAP) and Business Objects S.A. (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 – BOB) today announced that the companies have reached an agreement that will bring together two of the information technology industry’s leaders, resulting in an unmatched offering for Business Users, enabling timely and accurate decision-making. Under the terms and conditions of the tender offer agreement, SAP will make a cash offer of € 42.00 per ordinary share and for American Depositary Shares (ADS) at the US$ equivalent based on the EUR/US$ exchange rate as of the settlement of the tender offers. The transaction volume taking into account the transaction costs will be slightly above €4.8 billion. The Business Objects board of directors has approved the tender offer agreement between the two companies and anticipates recommending the offer to its shareholders subject to fulfillment of certain regulatory requirements.

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