Thursday, July 21, 2005

CRN | Breaking News | Business Objects Acquisition Sets Up Cognos Face-Off

CRN | Breaking News | Business Objects Acquisition Sets Up Cognos Face-Off: "Business Objects filled in a gaping hole in its portfolio Wednesday, announcing it will pay $100 million in cash to buy SRC Software, developer of financial planning and corporate performance management software.
The move now pits the company squarely against Cognos and Hyperion, giving it similar functions for modeling and monitoring financial performance. Offering such corporate performance management (CPM) capabilities gives Business Objects an important foothold in the corporate finance office. "
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