Business Objects and Thomson Financial Ink Deal to Deliver Financial Information on Demand.
SAN JOSE, Calif. & PARIS & NEW YORK -- Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, and Thomson Financial (NYSE:TOC) (TSX:TOC), the leading source of financial data to businesses, today announced that they have forged a partnership to provide customers with external market information delivered pre-packaged, and ready for analysis. The companies' relationship will deliver the value of Thomson Financial data through Business Objects' Information OnDemand solution. The landmark offering, first previewed in May 2007, will give business users easy access to all the relevant information they need to make powerful decisions.
Thomson Financial specializes in offering global financial information such as detailed company financials -- company fundamentals, IBES estimates, and pricing -- to companies of all sizes. The resulting solution from Business Objects and the financial information giant signifies the first time Thomson data will be made available in a pre-built, easy-to-understand format, instantly ready to be analyzed, understood, and acted upon.
"As the world's foremost source of specialized financial information, our customers trust us to deliver the critical insight they need to run their business," said Matthew Burkley, president, Enterprise Solutions, at Thomson Financial. "The relationship we are building with Business Objects will give us the unique ability to deliver our best-in-class financial data in a powerful, secure, easy-to-use model. Now, companies will be able to easily and flexibly link their decisions to outside market factors, giving them a real advantage."
"We are thrilled to be formalizing this relationship with Thomson Financial," said Steve Lucas, vice president of on demand business at Business Objects. "We know that our customers require more than just their own company data to gain a complete perspective on their business for insightful decision making; they need accurate, up-to-date financial data on their industry, economic factors, and the market in which they do business. Our partnership with Thomson Financial will allow us to deliver a complete view of market conditions and related company performance available on the market today. This will help us to realize our vision of providing critical macro-economic information to business users, in an on demand model."
BusinessObjects[TM] Information OnDemand is currently available in Beta release. Please visit www.ondemand.com to sign up. General availability is expected later in Q3.
About Thomson Financial
Thomson Financial, with 2006 revenues of US$2 billion, is a provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world's leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry's strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information.
Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.
Certain sections of this press release contain forward-looking statements that are based on assumptions regarding Business Objects' product release date. These statements are not guarantees of the date of availability, which may be delayed or cancelled, or of the availability of the features mentioned which may be changed or removed prior to release. Statements such as "expected" or "planned" do not denote general availability. Forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. More information about potential factors that could affect Business Objects' business is included in Business Objects' Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended June 30, 2007, each of which is on file with the SEC and available at the SEC's website at www.sec.gov. All forward-looking statements speak only as of the date of this press release. Business Objects is not obligated to undertake any obligation to update these forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
The Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence and Xcelsius are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.
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|Date:||Aug 20, 2007|
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