Business Objects, the business intelligence (BI)
solutions provider, is to acquire ALG Software for
£30m.
ALG provides profitability management and activity-based costing
solutions, and its portfolio will extend Business Objects’ customer
offering.
ALG Software has more than 400 customers worldwide, including
American Express, British Airways, British Telecom, Heineken, HSBC,
Royal Bank of Scotland, the US Department of Labor, and
WHSmith.
“Today’s announcement is terrific news for our customers. By
adding ALG Software’s profitability management solutions, we will
provide our customers with a powerful arsenal for building
high-impact performance management solutions,” said John Schwarz,
Business Objects’ chief executive officer.
The deal is expected to be completed during the fourth quarter,
said Business Objects.
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