SAP buys Business Objects
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Week in review 10/07 to 10/13
China Mingsheng Bank buys a stake in a US bank.
China pork price is under control for now, how about housing? And stocks?
Oracle placed a hostile $6.7 billion bid for BEA Systems, according to Bloomberg. Enterprise software arena will have one fewer importnant player.
SAP buys Business Objects (From Reuters), SAP, the world largest business software maker, agrees to buy Business Objects, the leading (French) business intelligence softare maker. If you have not heard of Business Objects, a few years ago it acquired Crystal Reports, the well known reporting software. This leaves Canada’s Cognos the only major BI software maker.
In recent years we have seen many big deals in software industry: Oracle bought Peoplesoft and Siebel; Adobe bought Macromedia. This is just another sign that the industy is maturing. Maybe Mr. Softy will buy Yahoo next 🙂