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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