October 9, 2007
SAP to acquire Business Objects for $6.8 billion
SAP AG announced that it will buy Business Objects SA for an eye-popping $6.8 billion. SAP is an enterprise software firm based in Germany with it U.S. headquarters in Palo Alto. Business Objects is based in Paris and San Jose. Acquiring Business Objects is seen helping SAP compete with Oracle in the area of business Intelligence software that is used for risk management and corporate management.
Filed under Germany, Information Technology, Mergers and Acquisitions by
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