Business Objects to Acquire Text Analytics Leader Inxight Software.Combination of Inxight and Business Objects to Deliver First Full Spectrum Business Intelligence Platform BERLIN -- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA ) (Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced it has entered into a definitive agreement to acquire Inxight Software, Inc. Based in Sunnyvale, Calif., Inxight is a leading provider of software solutions for unstructured information discovery, including text analytics, federated search Federated search is the simultaneous search of multiple online databases and is an emerging feature of automated, Web-based library and information retrieval systems. It is also often referred to as a portal, as opposed to simply a Web-based search engine. , and data visualization See information visualization. . Financial details of the transaction, which is expected to close in July of 2007, were not disclosed. The combination of Business Objects and Inxight Software will provide organizations with a comprehensive BI solution to address all of their data assets. With the combined technology, companies will now have streamlined access to both structured information within databases and data warehouses, and unstructured information such as emails, documents, notes fields, and web content that is estimated to comprise more than 80 percent of all organizational data. Inxight brings a compelling combination of text analytics, federated search, and visualization capabilities to the BusinessObjects XI platform to enable customers to easily discover, manage, and analyze unstructured content inside and outside of their organization. "The addition of Inxight to the Business Objects portfolio will give our customers unsurpassed capabilities in the BI industry and once again raises the bar for true business intelligence," said John Schwarz —John F. Schwarz is the name of:
Specialists in many fields are concerned with organizational performance including strategic planners, operations, . Federated search, text analytics, and unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. access are a natural and inherent part of business intelligence, and represent an untapped source of knowledge which most organizations have yet to harvest. Whether it's looking at fraud detection, regulatory compliance, the voice of the customer, or intelligence and counter-terrorism, text analytics can help predict important events before they happen and find opportunities before the competition." Inxight Software is a privately-held company, with more than 120 employees and 2006 revenues in excess of $25 million. Born out of Xerox PARC A common reference to Xerox's famous PARC research and development center before it became a separate subsidiary of Xerox in 2002. See PARC. XEROX PARC - /zee'roks park'/ Xerox Corporation's Palo Alto Research Center. , Inxight is a recognized leader in providing innovative solutions for unstructured information discovery across 32 languages. Inxight customers include Air Products, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. ,
Novartis, and Thomson, as well as multiple U.S. and foreign government
agencies such as the Department of Defense, Defense Intelligence Agency Noun 1. Defense Intelligence Agency - an intelligence agency of the United States in the Department of Defense; is responsible for providing intelligence in support of military planning and operations and weapons acquisitionDIA , Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States , and Commonwealth Secretariat The Commonwealth Secretariat is the main intergovernmental agency and central institution of the Commonwealth of Nations. It is responsible for facilitating cooperation between members; organising meetings, including the Commonwealth Heads of Government Meetings (CHOGM); assisting . The company has more than 300 software OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreements with companies including 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, SAP, and SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. . Inxight is already a member of the Business Objects Technology Partner Program. "We're excited to join the Business Objects team, and already see incredible opportunities for synergies and applications of our technology," said Ian Bonner, president and CEO of Inxight. "BusinessObjects XI will provide cleansing, auditing, and data processing capabilities that no other text analytics solutions currently possess, while the Business Objects reporting, analysis and dashboards will allow text analysis to be delivered in a familiar way to a very large audience. We will be able to quickly and easily incorporate text analytics and unstructured data into the decision-making workflows of millions of information workers and start to bring these technologies into the mainstream." Delivering Full Spectrum Business Intelligence Traditional business intelligence offerings focus on accessing, analyzing, and sharing information almost exclusively from structured sources such as operational systems and data warehouses. While this information is very useful in helping companies improve performance, it represents only a small fraction of the available data within an organization. Such structured data doesn't provide a view into the human side of information - the unstructured thoughts, feelings, and emotions of customers, partners, and employees that are typically captured in unstructured formats. Business Objects is aiming to break down the barriers to full spectrum BI, and deliver the first solution that natively combines both structured and unstructured data across all areas of business intelligence - from enterprise information management to information discovery and delivery to performance management. This will help customers combine both quantitative and qualitative information to gain a more complete and accurate view of their business. Inxight's suite of products includes powerful search federation; summarization, categorization, and clustering; fact and entity extraction; taxonomy creation; and visualization. These products support the analysis and understanding of relationships, trends, timelines, and patterns in data that would otherwise go unnoticed. For example, Inxight technology is being used in the analysis of customer interactions in call centers and online customer chat sessions, which are typically inaccessible by traditional BI systems. This analysis can uncover customer dissatisfaction and product and pricing issues earlier, resulting in faster, proactive product changes and customer communications. Inxight's text analytics software is also being used to uncover risk areas in email, such as private or sensitive data leaving an organization in violation of internal or externally mandated policy. With this acquisition, Business Objects expands its leadership in extending BI to embrace enterprise search. Going beyond basic keyword searches and solutions that simply provide a ranked listing of searched items, Inxight's web services-based federated search and extraction capabilities extend the value of enterprise search engines by instantly clustering and filtering results from multiple search engines, including Google Search Appliance A rack-mounted computer from Google that is used to index documents for a company. Using Google's proprietary Google File System (GFS), appliances are available that index millions of documents, with entry-level units indexing up to a half million. and Oracle Secure Enterprise Search. By providing a BI platform that leverages these capabilities, Business Objects will become the first vendor to bridge the gap between search and intelligence - delivering a broader view of data and dramatically accelerating the ability to locate hidden information in search results that might otherwise be overlooked. About Inxight Inxight Software, Inc. is the leading provider of enterprise software solutions for information discovery. Using Inxight solutions, organizations can access and analyze unstructured, semi-structured and structured text to extract key information to enable business intelligence. Inxight is the only company that provides a complete, scalable solution enabling information discovery in more than 30 languages. The company has offices throughout the United States and Europe. For more information, visit www.inxight.com or call 1-408-738-6200 or +44 (0) 1252 761314. 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 43,000 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. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward Looking Statements This press release contains forward-looking statements that involve risks and uncertainties concerning the proposed acquisition of Inxight, Business Objects' product and business strategies, including the products we intend to acquire from Inxight, the anticipated benefits to customers and partners resulting from the closing of the acquisition and the timing of the closing of the acquisition. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. These potential risks and uncertainties include, among others, our ability to attract and retain customer support for, and to generate revenue from, Inxight products, the outcome of regulatory reviews of the transaction, the ability of the parties to complete the proposed transaction, Business Objects' ability to retain Inxight employees and Business Objects' ability to realize other financial benefits from the proposed acquisition. More information about potential factors that could affect Business Objects' business and financial results is included in Business Objects' Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2007 which is on file with the Securities and Exchange Commission's website at www.sec.gov. Business Objects is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to update these forward -looking statements to reflect events or circumstances after the date of this document. The Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence, Intelligent Question, 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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