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WALLDORF, Germany / PARIS / SAN JOSE, Calif - January 16, 2008 -
SAP AG (NYSE: SAP) today announced next steps in the successful acquisition of Business Objects (NASDAQ: BOBJ; Euronext Paris: ISIN code FR0004026250 - BOB), uniting two of the technology industry’s biggest brands with a shared vision to transform the way the world works by connecting people, information and businesses. With a broad showing of support from shareholders and business partners, SAP and Business Objects now embark on a road map to transform their wide lead in the market of software for business users into leadership in the emerging market for business performance optimization. As a first indication of the successful pace of the companies’ integration, SAP and Business Objects also announced an initial slate of joint product offerings, enabling deep, operational intelligence to improve business performance for customers in multiple industries worldwide.
On January 15, 2008, SAP announced the successful all-cash tender offers for Business Objects S.A. securities. (See related announcement, titled “SAP France's Cash Offers for Business Objects Securities Are Successful.”) As the global market leaders in business software and business intelligence (BI), SAP and Business Objects have thousands of joint customers, highlighting the synergies that companies are already leveraging by combining the existing products from SAP and Business Objects. With roughly 7,000 employees in the Business Objects organization and SAP unit supporting business user applications, the combination represents a leading organization targeting the business user market.
“With the distinct combination of best-in-class software for performance management and analytical insight, we believe that SAP and Business Objects have the clearest vision and the strongest products to lead this market into the next wave of innovation with business performance optimization,” said Henning Kagermann, CEO of SAP. “With our delivery of SAP® Business Suite on an industry-first business process platform and the introduction of SAP® Business ByDesign to drive new volume business in the midmarket, we have achieved two of three major milestones in our growth strategy. SAP is now seizing a significant opportunity to pursue the third component of our strategy: leading the market for business user solutions. For SAP, this is the right partner, right timing and right market segment to acquire market-leading innovation that enhances business value for our customers.”
About Chateaux Software
Based in Westport, CT, with offices in Tampa, FL, Columbus, OH, the DC Metro area and Edison, NJ, Chateaux Software (www.chatsoft.com) is a premier information technology consulting firm specializing in business intelligence and application integration solutions. Known for delivering unparalleled customer service and support for 20 years, Chateaux has been helping many of the world's best-known companies to leverage their information capital.
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 45,000 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.
About SAP
SAP is the world’s leading provider of business software*. Today, more than 43,400 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.”
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