Business Objects Expands Presence in China and Taiwan; New Subsidiary in China Extends Commitment to Local Market.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 25, 2002 Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA ), the world's leading provider of business intelligence (BI) solutions, today announced the opening of a new subsidiary in China. Headquartered in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , the Business Objects Greater China subsidiary will capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing interest in business intelligence software in Hong Kong, Taiwan, and the People's Republic of China. While Business Objects has been present in China for several years, the company's new incorporation in China underscores Business Objects commitment to the region, and will provide local customers and partners with expanded services and support. In addition, Business Objects appointed Edward Yeung as managing director of the Greater China subsidiary. Yeung has 15 years of technology industry experience in the Asia Pacific region, and prior to joining Business Objects Yeung held positions at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Aspect Communications, Tandem, and Vignette. "I'm very pleased to announce the opening of the Greater China subsidiary," said John Olsen, president and COO of Business Objects. "We feel China and Taiwan are very important markets and will continue to grow in significance over the years as large corporations and state-run organizations in the region continue to realize the value of business intelligence. In the last year we have enjoyed strong momentum and growth in China and Taiwan, and with our increased commitment to this region we look forward to continued success." In recent years Business Objects has established a strong presence in China and Taiwan, and signed up several new customers, including AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery China, China Telecom, Hong Kong Shanghai Bank, Kowloon Canton Railway, Mass Transit Railway, Motorola, and Pacific Century Cyber Works. In addition to regional partnerships with Accenture, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , IBM, and Sybase, Business Objects has developed a effective network of local partners, including Core Solutions, JOS, Muse and Omnitech. About Business Objects Business Objects is the world's leading provider of business intelligence (BI) solutions. Business intelligence lets organizations access, analyze, and share information internally with employees and externally with customers, suppliers, and partners. It helps organizations improve operational efficiency, build profitable customer relationships, and develop differentiated product offerings. The company's products include data integration tools, the industry's leading integrated business intelligence platform, and a suite of enterprise analytic applications. Business Objects is the first to offer a complete BI solution that is composed of best-of-breed components, giving organizations the means to deploy end-to-end BI to the enterprise, from data extraction to analytic applications. Business Objects has more than 16,000 customers in over 80 countries. The company's stock is publicly traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (Euroclear code 12074). It is included in the SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel) SBF Small Block Ford (automotive engine) SBF Single Black Female SBF Société des Bourses Francaises 120 and IT CAC See Consumer Advisory Council. 50 French stock market indexes. Business Objects can be reached at 408/953-6000 and www.businessobjects.com. |
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