Business Objects, a world-leading provider of business intelligence (BI) solutions, announced it has acquired Nsite Software, Inc., a Sunnyvale, California-based software-as-a-service (SaaS) provider. The acquisition gives Business Objects access to Nsite's on-demand application platform; engineering talent experienced in building and managing SaaS offerings; and approximately 27,000 current Nsite subscribers. The acquisition will greatly accelerate and expand the ability for Business Objects to deliver on-demand business intelligence solutions, building upon the success of crystalreports.com. Terms of the transaction, completed, were not disclosed.
Nsite's application platform enables users to quickly and easily build, customize and deploy on-demand solutions that deliver the performance of enterprise applications through a browser. Nsite provides drag-and-drop functionality and uses asynchronous Java and XML (AJAX) technology for maximum usability and performance. The platform is integrated with salesforce.com customer relationship management solutions, and includes a wizard for building easy point-and-click Web services integrations to other applications.
Business Objects will use the platform to build and offer customizable on-demand BI applications that integrate multiple data sources, such as information from ERP, CRM, and other information systems. With no need for capital investments or ongoing IT support, Business Objects customers will be able to reap the benefits of faster time-to-value and lower total cost of ownership that on-demand solutions provide.
With the acquisition, Business Objects has expanded its staff devoted to developing its on-demand offering and supporting its growing number of customers. Business Objects launched its first on-demand solution, crystalreports.com, in April 2006, and already has more than 7,000 subscribers. Following the Nsite acquisition, Business Objects has now increased its on-demand subscriber base to more than 34,000.
Utilizing the Nsite platform, Business Objects expects to introduce additional on-demand BI solutions in 2007. Business Objects will continue to offer and support current Nsite applications and will extend on-demand business intelligence to Nsite users.
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