Business Objects Completes Inxight Acquisition

Business Objects Completes Inxight Acquisition

Business Objects today announced it has closed the acquisition of privately-held Inxight Software, Inc., a leading provider of software solutions for unstructured information discovery, including text analytics, federated search, and data visualization. All customary closing conditions and shareholder approvals have now been completed. Financial details of the transaction were not disclosed.

The combination of Business Objects and Inxight Software will provide organizations with a comprehensive BI solution to address all of their data assets. With the combined technology, companies will have streamlined access to both structured information within databases and data warehouses, and unstructured information such as emails, documents, notes fields, and web content that is estimated to comprise more than 80 percent of all organizational data. Inxight brings a compelling combination of text analytics, federated search, and visualization capabilities to the BusinessObjects XI platform to enable customers to easily discover, manage, and analyze unstructured content inside and outside of their organization.

“The close of this acquisition is an important milestone for Business Objects and the entire business intelligence industry,” said John Schwarz, chief executive officer of Business Objects. “Business Objects has once again raised the bar, as the addition of Inxight to the Business Objects portfolio will further extend our already unsurpassed capabilities in the BI industry.”

“Federated search, text analytics, and unstructured data access are an important, and often untapped, source of knowledge for many companies,” continued Schwarz. “Business Objects is aiming to break down the barriers to full spectrum BI, and deliver the first solution that natively combines both structured and unstructured data across all areas of business intelligence – from enterprise information management to information discovery and delivery to performance management. This will enable our customers to combine both quantitative and qualitative information from within their business and from outside sources to gain a more complete and accurate view of their business.”