Business Services Industry
Business Objects to Acquire European Data Quality Expert FUZZY! Informatik
Business Wire, Sept 6, 2007
Combination of FUZZY! Informatik and Business Objects Will Broaden Data Quality Portfolio With European Data Content
SAN JOSE, Calif. & PARIS -- Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence solutions, today announced it has entered into a definitive agreement to acquire FUZZY! Informatik. Financial terms of the transaction, which is expected to close in October 2007, were not disclosed. Based in Ludwigsburg nearby Stuttgart, Germany, FUZZY! Informatik is the leading provider of data quality solutions in Europe with more than 13 years of experience in this market and region. In combination with Business Objects enterprise information management (EIM) technologies, they will provide organizations with a best of breed solution to apply data quality processes to any customer, product or region-specific data that help customers execute on their data management goals.
FUZZY! Informatik is a privately-held company with more than 50 employees with headquarters nearby Stuttgart, Germany. Founded in 1994 as a spin-off of the former DaimlerBenz AG, FUZZY! is a leader in the data quality market, with customers such as, Daimler Chrysler, BMW, Cortal Consors, Deutsche Post, Mazda and O2. FUZZY! Informatik has a strong and proven heritage in processing and cleansing European address data and creating directory content. Incorporating data quality solutions such as FUZZY!'s, helps organizations avoid typical data quality problems like incorrect titles and names, wrong postal addresses and multiple entries for one and the same customer.
"The acquisition of FUZZY! adds over 13 years of data quality expertise in a strategic market to our portfolio," said Joerg Limberg, Business Objects Vice President and General Manager Central Europe. "By leveraging FUZZY!'s talent and know-how, we can deliver even stronger product offerings to our current customers around the globe while strengthening our data quality presence in Europe."
"FUZZY! Informatik and Business Objects are truly a perfect match," said Eberhard Franke, CEO of FUZZY! Informatik. "Our brand awareness in Europe and leading technology coupled with Business Objects' comprehensive EIM portfolio delivers a powerful punch, and I'm confident our clients will benefit immensely from the synergies and advantages that this acquisition brings to life."
Global and Comprehensive offering for all EIM needs
With the acquisition of FUZZY! Informatik, Business Objects enhances its EIM offering and gains access to crucial data quality capabilities such as, address cleansing technology for major European countries, integration kits with SAP and Siebel applications, on-demand address cleansing services, and vertical applications for the financial industry and postal services that rely on correct address data. Customers of both Business Objects and FUZZY! Informatik will soon have access to new capabilities and solutions covering their EIM needs including data integration, data quality, and metadata management, all provided by just one vendor.
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world's leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry's strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information.
Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning the acquisition and integration of FUZZY! Informatik, Business Objects' product and business strategies, including the products we acquired from FUZZY! Informatik, the integration of FUZZY! Informatik products onto the BusinessObjects[TM] XI platform, the anticipated benefits to customers resulting from the acquisition and the integration of FUZZY! Informatik's data quality solutions. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. These potential risks and uncertainties include, among others, Business Objects' ability to integrate the FUZZY! Informatik business and products successfully and in a timely manner, to gain and increase market demand for the integrated products and to realize the anticipated synergies of the acquisition. More information about potential factors that could affect Business Objects is included in Business Objects' Form 10-K for the year ended December 31, 2006 and the Business Objects' Form 10-Q for the quarter ended June 30, 2007, which is on file with the Securities and Exchange Commission and available at the Securities and Exchange Commission's website at www.sec.gov. Business Objects is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document.
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