SAN JOSE
DECEMBER 1, 2006
Business intelligence (BI) solutions provider, Business Objects announced
that it has acquired Nsite Software Inc., California-based software-as-a-service
(SaaS) provider.
The acquisition gives Business Objects access to Nsite's on-demand
application platform, engineering talent in building and managing SaaS offerings
and approximately 27,000 current Nsite subscribers. The acquisition will expand
the ability for Business Objects to deliver on-demand business intelligence
solutions, building upon the success of crystalreports.com. Terms of the
transaction were not disclosed.
Steven Lucas, VP - Strategic Markets, Business Objects said,
"Acquisition of Nsite is a step forward for Business Objects in opening up
SaaS market to business intelligence. Adding Nsite's experience and technology
to our organization will enable us to extend our leadership in the growing
market for on-demand business intelligence solutions."
Utilizing the Nsite platform, Business Objects expects to introduce
additional on-demand BI solutions in 2007. Business Objects will continue to
offer and support current Nsite applications and will extend on-demand business
intelligence to Nsite users, a Business Objects statement said.
Bob Jandro, President and CEO, Nsite, said, "Together, Business Objects
and Nsite will be able to bring the advantages of our platform to Business
Objects customers and extend the reach and accessibility of on-demand business
intelligence."
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