Business Objects to buy Acta Technology

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Business Objects to buy Acta Technology

French software maker Business Objects has announced it will acquire Acta Technology for around $65m (£42m), with plans to join the two companies' data analysis software products.

Acta sells software for collecting and organising data from a variety of systems, including Enterprise Resource Planning and Customer Relationship Management applications.

Business Objects said Acta's technology should complement its own products for churning through and organising large databases. It plans to include the Acta technology with existing and future products, releasing the first combined software in the third quarter of this year, the company said.

Business Objects will pay nearly $65m in cash for all of Acta's shares. The deal has been approved by both companies' boards of directors and is expected to close in the third quarter of 2002, Business Objects said. The deal must still receive standard regulatory approvals.

Some members of Acta's engineering, sales, service and marketing teams are expected to join Business Objects if the deal is approved. Acta's customers included Nortel Networks, Maxtor and Shell Oil, the companies said.

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