Recently BusinessObjects announced the acquisition of Cartesis,

Under terms of the agreement, Business Objects will pay a total transaction value of €225M (approximately $300M) in cash.

Cartesis is a enterprise Performance management (EPM) software with more than 1,300 customers worldwide.

"This acquisition marks an important step in our strategy of systematically building out the industry's best performance management platform," stated John Schwarz, CEO of Business Objects.

"Cartesis' core competency is high-end financial management," said Didier Benchimol, CEO of Cartesis. "Our domain expertise and robust standards-based offering will complement the already strong presence that Business Objects has in performance management. Business Objects' performance management platform strategy is open and completely aligned with our longstanding aspirations. We are excited about becoming a part of the Business Objects team."

Below are some excerpts from the slides during the announcement:

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Prashanth Rai