Business Objects Acquisition Sets Up Cognos, Hyperion Face-Off

The move now pits the company squarely against Cognos and Hyperion, giving it similar functions for modeling and monitoring financial performance. Offering such corporate performance management (CPM) capabilities gives Business Objects an important foothold in the corporate finance office.

Based in Portland, Ore., SRC says more than 1,200 worldwide customers use its software to manage strategic planning, forecasting, capital spending, budgeting, sales and compensation planning and financial consolidations. SRC has been partnering with Business Objects, of San Jose, Calif., to integrate its CPM software with the BusinessObjects XI business intelligence platform. That product, released this past January, combined the services-oriented architecture framework of Crystal Enterprise 10 -- the fruit of an $800 million acquisition of Crystal Decisions -- and the query and analysis strengths of Business Objects.

The deal is expected to close in the third quarter.

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