Business Objects Acquires SRC Software

Share this article:
Business Objects, a provider of business intelligence solutions, said yesterday that it entered into a definitive agreement to acquire privately held SRC Software, a leading vendor of financial planning and performance management software.


The acquisition will be an all-cash transaction of about $100 million. It is subject to regulatory approvals and other customary closing conditions, and is expected to be completed in the third quarter of 2005. SRC Software offers integrated budgeting, planning, consolidations and reporting systems. The company has 1,200 customers worldwide.


SRC Software has been a long-term Business Objects technology partner, offering solutions for strategic planning, forecasting, capital planning, budgeting, sales and compensation planning, and consolidations.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions