Business Objects Opens Subsidiary in Spain; Leading Decision Support Vendor Continues Aggressive Expansion to Serve Rapidly Growing Worldwide Customer Base.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)--Aug. 28, 1996--Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOBJY), the world's leading provider of integrated query, reporting, and online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ) tools, today announced the opening of a new subsidiary in Madrid, Spain called Business Objects Espana SL. The opening of Business Objects Espana is in response to the rapidly growing worldwide demand for its flagship product BusinessObjects, the world's leading integrated query, reporting, and OLAP tool. Customers in Spain include Airtel, Xunta de Galicia The Xunta de Galicia is the political bureaucracy for the autonomous community of Galicia in Spain. According to the Galician Statute of Autonomy, it consists of the president, the vice-president (if necessary), and the specialized ministers (Conselleiros). , Retevision, and Banco Guipuzcoano. This new subsidiary in Spain is the latest addition to Business Objects' growing list of direct sales and support locations. In the spring of this year, the company announced Business Objects Nordic AB in Stockholm, Sweden, as well as new offices in North America and distributors in Latin America and Asia Pacific. About Business Objects Business Objects (NASDAQ:BOBJY) is the world's leading supplier of integrated query, reporting, and OLAP tools. The company's flagship product, BusinessObjects, provides mainstream business users with access to information stored in corporate databases, data warehouses, and packaged applications. The company pioneered the market for business-intelligent decision support tools in 1990 by introducing the first product to use a "semantic layer" to map complex database schemas to a business representation understandable by non-technical end users. Business Objects led the overall decision support tools market in 1995 with software license revenues of $48.7M. Business Objects generated over $60M in revenue in 1995, concluding its fifth consecutive year of more than 100% revenue growth. BusinessObjects has been licensed in more than 50 countries to 3,200 customer sites and 185,000 users worldwide. Business Objects partners with more than 350 leading third-party vendors including Arbor Software, Carleton, Hewlett-Packard, Informatica, Informix, 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) , Microsoft, Oracle, PeopleSoft, Prism, Pyramid, Red Brick, SAP, Silicon Graphics, Sun, Sybase, Tandem, and Texas Instruments. Strategic resellers include Bull, Digital, Fujitsu, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Price Waterhouse, Sequent, SHL SHL Shift Logical Left SHL Schweizerische Hochschule für Landwirtschaft (German: Swiss College of Agriculture) SHL Southern Hockey League SHL Silver Haired Legislature SHL Single Hidden Layer (neural networks) , Siemens Nixdorf, Toshiba, and Unisys. More information on Business Objects can be found on the World Wide Web at http://www.businessobjects.com. -0- Note to Editors: BusinessObjects is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated. CONTACT: Business Objects Miriam Standish, 408/953-6105 mstandis@busobj.com or Blanc & Otus Melissa Sheridan, 415/512-0500 msheridan@bando.com |
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