Business Objects is a French enterprise software company, specializing in business intelligence (BI). Since 2007 is part of SAP AG. The company claims more than 42,000 customers worldwide. Their flagship product is BusinessObjects XI, with components that provide performance management, planning, reporting, query and analysis, and enterprise information management. Like many enterprise software companies, Business Objects also offers consulting and education services to help customers deploy their business intelligence projects.
Bernard Liautaud, the chairman and chief strategy officer co-founded Business Objects in 1990 together with Denis Payre and was chief executive officer until September 2005. In 1991, the first customer, France Télécom, was signed. The company went public on NASDAQ in September 1994, making it the first French software company listed in the United States.[citation needed] In 2002, the company made Time Magazine Europe's Digital Top 25 of 2002 and were BusinessWeek Europe Stars of Europe.
On 7 October 2007, SAP AG announced that it will acquire Business Objects for $6.8B. As of 22 January 2008, the corporation is fully operated by SAP; this is seen as part of a growing consolidation trend in the business software industry, with Oracle acquiring Hyperion in 2007 and IBM acquiring Cognos in 2008.
Business Objects had two headquarters in San Jose, California, and Paris, France despite the fact that the biggest office was in Vancouver, BC. The company's stock is traded on both the Nasdaq and Euronext Paris (BOB) stock exchanges.
2007, on 7 October SAP's Chief Executive Henning Kagermann announced a $6.8 billion deal to acquire Business Objects. The deal is expected to be closed in 2008.
2008, On 22 January SAP absorbed all of Business Objects offices eliminating the corporation's name. As of this point Business Objects is no more and the employees officially work for SAP.
Bernard Liautaud, the chairman and chief strategy officer co-founded Business Objects in 1990 together with Denis Payre and was chief executive officer until September 2005. In 1991, the first customer, France Télécom, was signed. The company went public on NASDAQ in September 1994, making it the first French software company listed in the United States.[citation needed] In 2002, the company made Time Magazine Europe's Digital Top 25 of 2002 and were BusinessWeek Europe Stars of Europe.
On 7 October 2007, SAP AG announced that it will acquire Business Objects for $6.8B. As of 22 January 2008, the corporation is fully operated by SAP; this is seen as part of a growing consolidation trend in the business software industry, with Oracle acquiring Hyperion in 2007 and IBM acquiring Cognos in 2008.
Business Objects had two headquarters in San Jose, California, and Paris, France despite the fact that the biggest office was in Vancouver, BC. The company's stock is traded on both the Nasdaq and Euronext Paris (BOB) stock exchanges.
2007, on 7 October SAP's Chief Executive Henning Kagermann announced a $6.8 billion deal to acquire Business Objects. The deal is expected to be closed in 2008.
2008, On 22 January SAP absorbed all of Business Objects offices eliminating the corporation's name. As of this point Business Objects is no more and the employees officially work for SAP.
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