Business Objects to Acquire Acta
July 10, 2002
San Jose, Calif. -- Business Objects SA agreed to acquire Acta Technology Inc. for $65 million.
Business Objects, a French-American business-intelligence-systems company, said the purchase will give it a platform for the delivery of custom-developed and prepackaged analytic applications.
Acta, Mountain View, Calif., is a closely held company that specializes in data integration. Business Objects expects the transaction to be completed in the third quarter of 2002.
Business Objects to acquire Acta for $65m
July 9, 2002
By John Abbott
Business Objects has agreed to acquire Acta Technology for about $65m in cash. Acta, based in Mountain View, California, signed up as a Business Objects partner one year ago. Its main product is the ActaWorks extraction, transformation and loading tool, which Business Objects already sells in conjunction with its Application Foundation analytics application framework. But it also has a set of pre-packaged batch and real-time data movement modules called eCaches, which work with PeopleSoft and SAP applications. Privately held Acta, which has raised nearly $90m in funding since 1996, is said to have about 140 staff and annual revenue of $25m. Ascential, Sagent and Informatica are its competitors.
