SAP Scoops Up Business Objects to Add Business Intelligence Functionality to its Software
30 Oct 07
The news that software powerhouse SAP (Walldorf, Germany) plans to acquire Business Objects (Paris) for $6.78 billion again points to the growing importance of business intelligence (BI) to financial services. Industry watchers are chattering about the significance of the deal, noting that SAP, which typically is very conservative when it comes to acquisitions, has deviated from its organic growth strategy in order to bring BI functionality in-house.
Source:
Bank Systems & Technology
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