Business Objects Buys Acta

Share this content:
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.


close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above