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April 24, 2007
If at first you don't succeed, try, try again! Business Objects acquires Cartesis
Less than two years after acquiring SRC (Aug &'05), Business Objects has announced its intention to acquire another enterprise performance management (EPM) player, this time it's Cartesis S.A. As an indication of how serious BO is about getting into EPM, it paid $100M for SRC; now BO is raising the stakes by paying $300M for Cartesis a French company with its roots in Compagnie Générale des Eaux and PricewaterhouseCoopers. Unlike Cognos' acquisition of Adaytum, the BO/SRC/Infommersion combination didn't seem to get a lot of traction in the market and coupled with the recent Oracle acquisition of Hyperion, BO management probably felt pressured to revisit EPM.
It remains to be seen how well Cartesis will integrate into the BO stack, which other than a database, now has one (or two) of everything. Furthermore, although Cartesis certainly had Global and US based customers, the core of the customer base appear to be European companies and if there is one thing that is fairly unique between regions it's finance systems: planning, consolidation, statutory reporting, etc.
Posted by Arshak Navruzyan at April 24, 2007 2:37 AM
