Business Objects, the global provider of business intelligence (BI) solutions, announced that it has entered into a definitive agreement to acquire privately held Firstlogic, Inc., a global provider of enterprise data quality solutions and services.
The acquisition will be an all-cash transaction of approximately $69 million. The transaction will be accounted for under the purchase method of accounting. In 2006, the transaction is expected to be accretive to Business Objects on a non-GAAP basis and dilutive on a GAAP basis due to one-time charges and purchase accounting adjustments. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to be completed in the second quarter of 2006.
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