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TOP THREE IN CORPORATE PERFORMANCE MANAGEMENT THROUGH ACQUISITIONS |
SAN JOSE, Calif. & PARIS - August 20, 2007 - Business Objects (Nasdaq:BOBJ)(Euronext Paris ISIN code: FR0004026250 - BOB), the world’s leading provider of business intelligence (BI) solutions, announced that independent analyst firm Gartner, Inc. shows Business Objects as one of the top three vendors globally of corporate performance management (CPM) software as a result of its combined acquisitions in H2 2006 and 2007, in its August 2007 report titled, "Market Share: CPM Suites Software, Worldwide 2006, Composite View.” According to the independent report, Business Objects commanded a combined 8.8 percent 2006 worldwide market share based on total software revenue following its acquisitions of CPM specialists Cartesis and ALG Software.
"We believe this leadership position in the EPM market is proof that we are delivering the most comprehensive integrated EPM suite of capabilities for the office of the CFO,” said Trevor Walker, Vice President, Product Marketing for Business Objects. “We recently demonstrated this to the market and our customers by delivering our EPM roadmap to leverage quickly the integrated technologies and domain expertise of Business Objects, Cartesis, ALG and SRC, providing tangible customer value that will continue to differentiate us in this evolving market. “
Utilizing an Integrated Data Model (IDM) as the cornerstone for organizations looking to achieve maximum benefits from performance management applications, Business Objects EPM suite ensures data accuracy and consistency. While ERP systems are equipped to handle transactional data resources, they remain costly and inflexible, unable to fully meet today’s changing performance management needs. This is why Business Objects designed the EPM suite as flexible, wholly independent best of breed solution. According to Gartner’s report, “budgeting, planning and forecasting applications are still the most commonly deployed components of CPM suites, but scorecards and dashboards have become more popular, driven by more strategically focused initiatives.” By delivering a single integrated EPM solution to provide a clear view of key performance drivers over a range of otherwise disparate systems, Business Objects provides organizations a clear view into all the essential processes affecting business performance.
Already in use by more than 6000 customers, the rapid growth and increasing differentiation of the Business Objects EPM suite is underlined by several notable customers wins over the last 6 months, including leading companies such as LifePoint Hospitals, ICI Paints, and Republic Bank Limited to name a few.
"Our global customers consistently emphasize our combination of domain expertise and best-in-class functionality as the key reason they selected Business Objects to fulfill their performance management needs,” said Walker. ”Our comprehensive EPM solution helps to deliver greater forecast accuracy, lower cost compliance, faster reporting cycles and a better understanding of business costs and drivers for our customers.”
Gartner reports that the market for CPM suites software increased 20.2 percent to $1.55 billion in 2006, “driven by an increased need for financial reporting accuracy and compliance.”
Business Objects’ evident contribution to this growing market as well as its increased CPM share attests to the strength and comprehensiveness of Business Objects’ EPM solution. Fueled by innovation and an aggressive approach to integration, Business Objects continues to provide the CFO with the most comprehensive best-in-class solutions critical to the strategic value of any organization.
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world’s leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry’s strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information. More information about Business Objects can be found at www.businessobjects.com.
The Business Objects logo and BusinessObjects are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.
About DSCallards
Established in 1993, DSCallards brings together and harnesses the power of the world’s leading technologies to bring added value to organisations that include Britvic Soft Drinks Ltd, Geotechnical Instruments, Kellogg Company, N M Rothschild & Sons Ltd, Southampton City Council, Swansea Institute of Higher Education, Virgin Media and Zurich Financial Services. In addition, DSCallards is a specialist development resource, providing developers and businesses with advanced software technologies, an exclusive portfolio of training and consulting services and an application development capability. For more information, visit DSCallards at www.dscallards.com.
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