Ventana Research - French Connection of Business Objects and Cartesis

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French Connection of Business Objects and Cartesis
Acquisition will yield stronger player in financial performance management

by Robert D. Kugel CFA | 5/11/2007 | Article ID: QT07-13 | Article Type: QuickTake


			Related Topics:
			Business Research: Business, ERP, Finance Technology Research: Business Intelligence Vendor Research: Adaptive Planning, Alight, Applix, Approva, Axentis, Business Objects, Cartesis, Centage, Clarity Systems, Coda, Cognos, FRx Software, Hyperion, Infor – Extensity/Systems Union, KCI Computing, Lawson, Longview Solutions, Microsoft, Oracle, OutlookSoft, PROPHIX, SAP

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Business Objects will acquire closely held Cartesis, a Paris-based vendor of financial performance management software that offers consolidation, planning and reporting. The move takes place as Oracle completes its acquisition of Hyperion. This could be a more useful acquisition for Business Objects than SRC, a planning and budgeting application vendor it purchased two years ago. While SRC provides a useful platform for large companies to do planning and budgeting, it was not able to sell a broader set of financial applications to the large companies that represent much of Business Objects’ installed base. In contrast, Cartesis has evolved significantly over the past three years to a broader suite of performance management software from its consolidation application and from focusing on France to building a worldwide presence (including a much greater presence in North America). Ventana Research believes the combination of Cartesis and Business Objects will be highly complementary, bringing together reporting and profitability management (from the recently acquired ALG) with Cartesis’s consolidation and planning into a full financial performance management suite. Cartesis had just started to penetrate the North American market, and we expect the connection with Business Objects will enable it to gain further market share in the consolidation, planning and governance markets. In our judgment, this makes Business Objects a much more potent competitor to Oracle and SAP as they step up their emphasis on financial performance management.