Business Objects To Acquire Firstlogic

Customer Inter@ction Solutions, Mar 2006 by Schelmetic, Tracey E

Business intelligence solutions provider Business Objects recently announced that it has entered into a definitive agreement to acquire privately-held Firstlogic, Inc., a global provider of enterprise data quality solutions and services. Building on the company's EIM (enterprise information management) strategy, the acquisition aims to provide customers with a single, consistent view of their business, improve the trust and confidence in the information needed to make better decisions and accelerate compliance initiatives.

The acquisition will be an all-cash transaction of approximately $69 million and will be accounted for under the purchase method of accounting. In 2006, the transaction is expected to be accretive to Business Objects on a non-GAAP basis and dilutive on a GMP basis due to one-time charges and purchase accounting adjustments. The acquisition is subject to regulatory approvals and other customary closing conditions, and is expected to be completed in the second quarter of 2006.

www.businessobjects.com and www.firstlogic.com