Business Objects Wraps Up Inxight Acquisition
Business intelligence software vendor Business Objects will use Inxight's technology to expand its product offerings for analyzing structured and unstructured information.
Financial details of the acquisition of privately held Inxight Software weren't disclosed. Business Objects has been on something of a shopping spree in recent years: The Inxight buyout comes just over a month after the vendor wrapped up its acquisition of performance management application developer Cartesis for a reported $306 million.
Inxight Software's SmartDiscovery software line provides text analysis, federated search and information visualization capabilities for unstructured data such as text documents, e-mails and Web content, all of which is estimated to make up as much as 80 percent of the information within organizations. Most business intelligence tools work only with structured data such as that found in relational databases and data warehouses.
Adding the Inxight technology to its product offerings will allow Business Objects to provide customers with the ability to analyze a greater range of data assets for such applications as fraud detection, regulatory compliance and analyzing written or recorded customer comments.
Inxight, a spin-off of Xerox' Palo Alto Research Center, has more than 120 employees and recorded sales of more than $25 million last year.