Business Objects, the provider of business intelligence (BI) solutions, has closed the acquisition of privately held Firstlogic, Inc., a global provider of enterprise data quality software and services. The acquisition provides Business Objects customers with best-of-breed data quality solutions, and is part of the company's long-term strategy to offer customers a trusted data foundation for enterprise information management (EIM). By adding data quality to its EIM portfolio, Business Objects is providing customers with the tools to generate trustworthy information that can form the basis for enterprise BI and performance management deployments.
The acquisition is an all-cash transaction of approximately $69 million. The transaction will be accounted for under the purchase method of accounting.
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