Business Objects buys up France's Cartesis
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Posted in Financial News, 24th April 2007 11:59 GMT
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Business Objects is coughing up $300m to take over French EPM vendor Cartesis.
BO will integrate Cartesis’ financial reporting, consolidations and planning, governance risk and compliance technology into its existing performance management platform.
BO says the deal further broadens its platform to address US and international standards for financial reporting and consolidation.
By the time the deal works its way through the books, BO reckons it’ll be neutral to slightly accretive to its earnings for the first year, and accretive thereafter.
Cartesis has revenues of around $125m, from around 1,300 corporate customers. The deal means Business Objects brings on board 600 employees and 200 consultants.®
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