Monday, July 21, 2003

WSJ.com - Business Objects of France to Buy Crystal Decisions for $830 Million

WSJ.com - Business Objects of France to Buy Crystal Decisions for $830 Million "Business Objects SA announced an $830 million deal to buy closely held Crystal Decisions Inc., extending a recent consolidation wave into one of the hottest segments of the software industry.
Both sell business-intelligence software, which helps companies analyze information generated by databases and other programs. The market, though relatively small, has been growing quickly.
Business Objects, which was founded in France but has most of its operations in San Jose, Calif., became in 1994 the first European software maker to list on the Nasdaq Stock Market. Chief Executive Bernard Liautaud and co-founder Denis Payre have near-celebrity status in European business circles and have come to symbolize a new, entrepreneurial generation."

This is a big one, with many implications; Crystal's products are very widely OEM'd, and the list of successful ISVs is getting shorter, though consolidation...
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