Blog: Craig Schiff: Business Objects to Acquire Cartesis

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Business Objects to Acquire Cartesis

The rate of acquisition activity in the performance management world continues to rise. While this deal isn't of the magnitude of Oracle's purchase of Hyperion, it is still significant. On the surface it may appear that Business Objects already had addressed performance management with its acquisitions of SRC and ALG. However, what Cartesis adds to the mix is great depth around financial consolidation and management reporting, particularly when it comes to meeting global statutory requirements. Business Objects's prior additions were light in this area. As a matter of fact, I consider Cartesis' offering second only to Hyperion in the area of financial consolidation, intercompany eliminations and the like. The other area addressed by the acquisition is governance, risk, and compliance. Cartesis had been working on a module related to this to be released shortly. The other thing this deal does is further reduce the number of platform independent performance application vendors.

With SRC, Geac/Comshare, and now Cartesis out of the picture, only OutlookSoft, Longview, and Clarity Systems remain as leading BPM (business performance management) application focused vendors. Every other top BPM vendor combines their applications with either a business intelligence platform, a transactional platform, or both. As a top-tier BI/BPM vendor Business Objects has clearly strengthened its BPM position with this deal.

Technorati Tags: Cartesis, Business Objects, Hyperion, Oracle, Longview, OutlookSoft, Clarity Systems

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