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Business Objects to Acquire Firstlogic

Originally published February 8, 2006

Business Objects, a provider of business intelligence solutions, recently announced that it has entered into a definitive agreement to acquire Firstlogic a provider of enterprise data quality solutions and services. Building on the company's EIM (enterprise information management) strategy, this acquisition will provide customers with a single, consistent view of their business, improve the trust and confidence in the information needed to make better decisions, and accelerate compliance initiatives.

The acquisition will be an all-cash transaction of approximately $69 million. The transaction will be accounted for under the purchase method of accounting. In 2006, the transaction is expected to be accretive to Business Objects on a non-GAAP basis and dilutive on a GAAP basis due to one time charges and purchase accounting adjustments. The acquisition is subject to regulatory approvals and other customary closing conditions, and is expected to be completed in the second quarter of 2006.

"Building a business intelligence strategy without a complete EIM solution is like trying to complete a puzzle without all the pieces,"said John Schwarz, CEO of Business Objects. "With today's acquisition of Firstlogic, Business Objects acquires one of the most important pieces of the EIM puzzle—data quality. Business Objects is the only business intelligence vendor that provides a complete EIM solution, enabling trustworthy, timely, and actionable information. This acquisition will strengthen our competitive advantage as customers increasingly standardize on one platform, and will give our customers the capabilities they need to create truly world class, game-changing business intelligence deployments."

"Unlike other business intelligence vendors, Business Objects has a deep commitment to data integration, as seen in its world-class ETL (extraction, transformation, and load) tool and recent acquisition of EII (enterprise information integration) technology," said Philip Russom, Senior Manager of Research at The Data Warehousing Institute. "But data integration inexorably reveals data quality issues, whether problems to be fixed or opportunities to be leveraged. Business Objects' acquisition of Firstlogic recognizes that best practices demand tight interoperability between data integration and data quality."

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.