Business Objects Buys Acta

Share this article:
Business intelligence solutions provider Business Objects has agreed to acquire Acta Technology Inc., a privately held supplier of data extraction, transformation and loading software.


The acquisition was a cash transaction of about $65 million for all shares of Acta Technology, Mountain View, CA. Business Objects expects the deal to be completed in the third quarter of 2002. It has been approved by the board of directors of each company and is subject to regulatory approval and customary closing conditions. Business Objects expects the acquisition to be accretive to earnings beginning in 2003.


Not all 125 Acta employees will be offered jobs; those who are will be relocated to Business Objects' U.S. headquarters in San Jose, CA.


The deal gives Business Objects the tools to extract data from operational applications from developers such as PeopleSoft or SAP and move it to a data mart or data warehouse for analysis.


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

AmEx Veteran Takes COO Role at Acxiom

AmEx Veteran Takes COO Role at Acxiom

Kerry Hatch ran American Express's OPEN business card division and led units at Starwood and Time Inc.

Red Roof Inn Turns Weather Woes Into Major Sales

Red Roof Inn Turns Weather Woes Into Major ...

The hotel chain woos stranded airline passengers with deals based on flight cancellations.

Signal Wants to Help CMOs Put Vendors to the Test

Signal Wants to Help CMOs Put Vendors to ...

The company claims its new Signal Tag can quintuple the number of A/B vendor tests marketers can do each year.