Business Objects has closed the acquisition of privately-held Cartesis S.A., a leading provider of finance and performance management software. The company first announced its intent to acquire Cartesis in April. Customer and shareholder approvals, as well as all customary closing conditions have now been completed.
With the addition of the Cartesis solutions, Business Objects can now provide its customers with a complete set of enterprise performance management (EPM) applications, delivering a comprehensive and powerful suite to the marketplace. The portfolio includes planning and budgeting, profitability and analytics, financial reporting and consolidations, and governance, risk, and compliance solutions. [Read more…]