has agreed to purchase privately held
for roughly $69 million in cash, the business software vendor announced Wednesday.
Firstlogic, which claims annual sales of more than $50 million, specializes in "cleaning" corporate data, a process that makes it much simpler to pull and analyze specific information from corporate records. To site a very simple example, a record in one database may refer to "surnames" while another uses the heading "last Name" making it difficult to combine the two otherwise identical data sets.
Business Objects sells business intelligence tools and software applications, used to mine, analyze and report information from those databases.
The transaction should close in the second quarter and is expected to add to Business Objects on a non-GAAP basis and be dilutive on a GAAP basis due to one-time charges and purchase accounting adjustments, the company said.
Business Objects and its major rivals are going beyond point solutions in an effort to provide more comprehensive suites and integrated platforms that handle a variety of customer chores. Data-cleaning capabilities will be added to the company's existing products and will likely be available as a distinct offering as well, said a spokeswoman for Paris-based Business Objects.
Shares closed the day Wednesday with a gain of 44 cents, or 1.9%, to $37.40.