Business Objects, a leading provider of business intelligence (BI) solutions, announced that it has entered into a definitive agreement to acquire privately-held Infommersion, Inc., a leading vendor of information visualization and presentation software.
The acquisition will be an all-cash transaction of approximately $40 million US and will be accounted for under the purchase method of accounting. The transaction is expected to be accretive to Business Objects on both a US GAAP and pro forma basis beginning in 2006. The acquisition is subject to regulatory approvals and other customary closing conditions, and is expected to be completed in the fourth quarter of 2005.
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