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From the News Desk
Thursday, 29. November 2007
SAP Gets EU Regulators Approval to Buy Business Objects
European Union antitrust regulators has cleared German software maker SAP’s USD 6.8 billion (4.58 billion euro) purchase of Paris-based Business Objects.
The Commission said it approved SAP's takeover of business intelligence software vendor Business Objects after concluding that the combined entity would not unfairly dominate the market.
"The combined SAP/Business Object entity would continue to face several strong competitors and customers would find sufficient alternative suppliers of such software products," the Commission said.
Business Objects makes "business intelligence" tools that help top corporate executives track their company's performance. SAP, the world's largest maker of business-software applications, makes programs that help companies do back-office work such as payroll, inventory management and accounting.
The commission said that it found no evidence that the merged entity would be able to close off competitors from the market, since SAP's middleware product, SAP Netweaver, is an open platform that allows the integration of multiple business analytics products, including those of competitors of Business Objects solutions.
Together, SAP and Business Objects intend to offer high-value solutions for process- and business-oriented professionals. The solutions will be designed to enable companies to strengthen decision processes, increase customer value and create sustainable competitive advantage through real-time, multi-dimensional business intelligence.
Antitrust authorities in the United States gave their go-ahead to the deal earlier this month.
The Commission also gave the green light to Vodafone's expansion plans for the Spanish and Italian broadband Internet access markets, by approving its planned USD 1.1 billion (775 million euro) acquisition of the Spanish and Italian subsidiaries of Tele2.
The Commission said it approved SAP's takeover of business intelligence software vendor Business Objects after concluding that the combined entity would not unfairly dominate the market.
"The combined SAP/Business Object entity would continue to face several strong competitors and customers would find sufficient alternative suppliers of such software products," the Commission said.
Business Objects makes "business intelligence" tools that help top corporate executives track their company's performance. SAP, the world's largest maker of business-software applications, makes programs that help companies do back-office work such as payroll, inventory management and accounting.
The commission said that it found no evidence that the merged entity would be able to close off competitors from the market, since SAP's middleware product, SAP Netweaver, is an open platform that allows the integration of multiple business analytics products, including those of competitors of Business Objects solutions.
Together, SAP and Business Objects intend to offer high-value solutions for process- and business-oriented professionals. The solutions will be designed to enable companies to strengthen decision processes, increase customer value and create sustainable competitive advantage through real-time, multi-dimensional business intelligence.
Antitrust authorities in the United States gave their go-ahead to the deal earlier this month.
The Commission also gave the green light to Vodafone's expansion plans for the Spanish and Italian broadband Internet access markets, by approving its planned USD 1.1 billion (775 million euro) acquisition of the Spanish and Italian subsidiaries of Tele2.
