Friday, October 26, 2007

Good Bye Business Objects

The German giant SAP, the world’s leading provider of business software, plans to acquire Business Objects, the frensh BI industry leader, in a friendly take over. The value of this acquistion is something like 4.8 Billion Euros.

Oracle, SAP rival, has been very active in the acquisition process. Oracle aquired many large firms like JD Edwards, Poeple Soft, Sieble, Hyperion, Stellent and many more. Currrently, Oracle is bidding to acquire BEA, the Application Servers market leader. Oracle proposed an offer of 17$ per share. BEA management is likely to turn down the offer and ask for 21$. Oracle offer of 17$ per share when the share was trading for 13$ at NASDAQ.

Suffice it to say,Oracle acquired People Soft in a hostile take over!!!

I would be very interested in this story, as Application Server domain of business is something we deal with on daily basis

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