Source: Business Objects
Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence solutions, today announced it has entered into a definitive agreement to acquire FUZZY! Informatik.
Financial terms of the transaction, which is expected to close in October 2007, were not disclosed. Based in Ludwigsburg nearby Stuttgart, Germany, FUZZY! Informatik is the leading provider of data quality solutions in Europe with more than 13 years of experience in this market and region. In combination with Business Objects enterprise information management (EIM) technologies, they will provide organizations with a best of breed solution to apply data quality processes to any customer, product or region-specific data that help customers execute on their data management goals.
FUZZY! Informatik is a privately-held company with more than 50 employees with headquarters nearby Stuttgart, Germany. Founded in 1994 as a spin-off of the former DaimlerBenz AG, FUZZY! is a leader in the data quality market, with customers such as, Daimler Chrysler, BMW, Cortal Consors, Deutsche Post, Mazda and O2. FUZZY! Informatik has a strong and proven heritage in processing and cleansing European address data and creating directory content. Incorporating data quality solutions such as FUZZY!'s, helps organizations avoid typical data quality problems like incorrect titles and names, wrong postal addresses and multiple entries for one and the same customer.
"The acquisition of FUZZY! adds over 13 years of data quality expertise in a strategic market to our portfolio," said Joerg Limberg, Business Objects Vice President and General Manager Central Europe. "By leveraging FUZZY!'s talent and know-how, we can deliver even stronger product offerings to our current customers around the globe while strengthening our data quality presence in Europe."
"FUZZY! Informatik and Business Objects are truly a perfect match," said Eberhard Franke, CEO of FUZZY! Informatik. "Our brand awareness in Europe and leading technology coupled with Business Objects' comprehensive EIM portfolio delivers a powerful punch, and I'm confident our clients will benefit immensely from the synergies and advantages that this acquisition brings to life."