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Business intelligence giant acquires its partner in enterprise data quality management solutions to create complete EIM solution.
Business Objects, a leading provider of business intelligence (BI) solutions, announced February 8, 2006, that it has entered into a definitive agreement to
acquire privately-held Firstlogic, Inc., a global provider of
enterprise data quality solutions and services. Building on the
company's EIM (enterprise information management) strategy, this
acquisition is intended to provide customers with a single, consistent view of
their business, improve the trust and confidence in the information
needed to make better decisions, and accelerate compliance
The acquisition will be an all-cash transaction of approximately
$69 million, and the transaction will be accounted for under the purchase
method of accounting. In 2006, the transaction is expected to be
accretive to Business Objects on a non-GAAP basis and dilutive on a
GAAP basis due to one time charges and purchase accounting
adjustments. The acquisition is subject to regulatory approvals and
other customary closing conditions, and is expected to be completed in
the second quarter of 2006.
"Building a business intelligence strategy without a complete EIM
solution is like trying to complete a puzzle without all the pieces,"
said John Schwarz, CEO of Business Objects. "With today's acquisition
of Firstlogic, Business Objects acquires one of the most important
pieces of the EIM puzzle -- data quality. Business Objects is the only
BI vendor that provides a complete EIM solution, enabling trustworthy,
timely, and actionable information. This acquisition will strengthen
our competitive advantage as customers increasingly standardize on one
platform, and will give our customers the capabilities they need to
create truly world class, game-changing business intelligence
"EIM will play an increasingly vital role in the business
intelligence market," continued Schwarz. "As companies face the
multiple pressures of regulatory compliance, expanding numbers of data
sources, the need for real-time operations, and the ability to link
data to performance management initiatives, customers are demanding an
EIM solution that can help them scale with these fast changing
dynamics. This is why Business Objects is investing in EIM solutions,
and why we believe this will be an important growth driver for our
company in the years to come."
"Unlike other business intelligence vendors, Business Objects has
a deep commitment to data integration, as seen in its world-class ETL
(extraction, transformation, and load) tool and recent acquisition of
EII (enterprise information integration) technology," said Philip
Russom, senior manager of research at The Data Warehousing Institute.
"But data integration inexorably reveals data quality issues, whether
problems to be fixed or opportunities to be leveraged. Business
Objects' acquisition of Firstlogic recognizes that best practices
demand tight interoperability between data integration and data
Firstlogic is a privately held company with 2005 revenues in
excess of $50 million and is a recognized leader in data quality. For
over 20 years, Firstlogic has provided technology solutions, services,
education, and consulting to help businesses establish confidence in
the data driving their businesses. Firstlogic offers enterprise data
quality management solutions that support the full breadth of data
quality capabilities including initial data assessment and
measurement, data cleansing, data enrichment, matching and
consolidation, and continuous monitoring.
Over 6,000 customers worldwide have selected Firstlogic as their
partner of choice for ensuring the quality of their information within
data warehouse and business intelligence systems, customer and master
data integration programs, CRM applications, transaction environments
such as call centers and Web sites, and other enterprise initiatives.
Firstlogic and Business Objects have been technology partners since
April 2004 and currently support joint customers including Harry &
David Operations Corporation, National Offender Management Service
(UK), and Omnium Worldwide.
Business Objects also announced an expanded reseller
agreement with Firstlogic, enabling the company to resell Firstlogic's
match consolidation technology, which is already tightly integrated
with BusinessObjects Data Integrator.
"Today's announcement affirms the importance of data quality
technology to ensuring that business decisions are made on a
foundation of correct and complete data," said Eric Lieberman,
president of Firstlogic, Inc. "We expect this acquisition to help
customers build a stronger BI infrastructure, thus accelerating the
growth and success of their BI deployments and giving them a more
accurate view of their business."
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