Business Objects Previews New Information OnDemand Solution
Groundbreaking Solution to Make Third-Party Financial and Market Data
Available Within BI Solutions via Software as a Service Model
BERLIN - (BUSINESS WIRE) - Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 -
BOB), the world’s leading provider of
business intelligence (BI) solutions, previewed a new Information
OnDemand offering today at its European User Conference in Berlin,
Germany. This landmark solution makes external market information
available to customers in BI-ready format, directly from within their
business intelligence solution. This announcement continues the company’s
momentum in the on demand BI market, where the company has established
itself as the clear leader, with nearly 45,000 on demand subscribers.
For the first time, relevant external commercial data will be available
in a familiar, easy to use BI format that is instantly ready to be
analyzed, understood, and acted upon. The solution is expected to
initially include financial and market data, available in pre-built
analytics including Crystal reports and Crystal Xcelsius™
dashboards. Over time, the data available is planned to expand into
dozens of other sources including industry data, such as retail and
manufacturing information. Customers will be able to find and purchase
the offerings from an online store, and then immediately make use of
pre-built analytics and incorporate them into their existing BI system.
The Business Objects Information OnDemand offering will enable customers
to gain a more holistic view of their business and lead to more informed
business decisions.
To view an educational video and try interactive examples of the
Information OnDemand solution, please visit http://www.ondemand.com/information.
“Today’s business
managers require more than just their own company data to make
insightful decisions,” said Steve Lucas, vice
president of the on demand business at Business Objects. “Companies
need to leverage accurate and up-to-date external data to quickly
perform market research, sales planning, financial, and competitive
analyses. However, manually collecting, cutting, and pasting that data
for analysis is time-consuming, tedious, and error-prone. Our new
solution will revolutionize the way companies use external financial and
market data in their reports and dashboards, by putting relevant third
party information directly at their fingertips. Our customers will have
the external information they need, in the format they want, just a
click away.”
The Business Objects Information OnDemand offering will enable customers
to quickly identify and purchase only the information that is relevant
and important to them, without having to sign up for a full data
service. Much the same way the iTunes® Store
allows iTunes users to purchase an individual song from within a full
album, the Information OnDemand solution will allow Business Objects
customers to purchase individual reports and analytics pre-populated
with content from the available data providers. This information will be
delivered in a format that is already configured for use –
as stand alone views and within their Business Objects solution –
saving significant time and effort, and reducing user entry errors that
often occur with traditional methods of including external data sources
in BI analyses.
For example, a business manager trying to create a benchmark comparison
of company performance with key competitors would typically have to
gather information from SEC filings and multiple other sources, compile
the data into a spreadsheet, and then load the information into their
business intelligence system. With Information OnDemand, the business
manager will be able to simply access the Business Objects Information
OnDemand store and select the required market data. Since it is
pre-formatted for easy use, the data will be ready to view or use in
their reports and dashboards for comparison.
This new solution will also open up new opportunities for Business
Objects partners. Business Objects Solution Provider Partners will be
able to utilize the Business Objects OnDemand infrastructure to access
the available external data sources and create their own specialized BI
content for resale from the Business Objects store.
“Business Objects continues to demonstrate
its leadership in the on demand BI space with this market-leading
innovation,” said Rene Bonvanie, senior vice
president and general manager of AppExchange and Developer Relations at
salesforce.com. “The ability to give
customers access to valuable third party financial and market data in a
BI-ready format makes great sense. This new software-as-a-service
offering will provide customers with the flexibility and agility they
need to help run their businesses. Through our partnership,
Salesforce.com and Business Objects enable companies worldwide to
successfully share, manage, and analyze their business information on
demand.”
Availability
Business Objects plans to deliver a beta version of this new offering by
the end of this quarter, and general availability is expected in Q3 of
2007.
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since
the dawn of the category. Today, as the world’s
leading BI software company, Business Objects transforms the way the
world works through intelligent information. The company helps
illuminate understanding and decision-making at more than 43,000
organizations around the globe. Through a combination of innovative
technology, global consulting and education services, and the industry’s
strongest and most diverse partner network, Business Objects enables
companies of all sizes to make transformative business decisions based
on intelligent, accurate, and timely information.
Business Objects has dual headquarters in San Jose, Calif., and Paris,
France. The company’s stock is traded on both
the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock
exchanges. More information about Business Objects can be found at www.businessobjects.com.
Forward looking Statement
Certain sections of this press release contain forward-looking
statements that are based on assumptions regarding Business Objects’
product release date. These statements are not guarantees of the date of
availability, which may be delayed or cancelled, or of the availability
of the features mentioned which may be changed or removed prior to
release. Statements such as “expected,”
“planned” and the
word “previewed”
refers to pre-release marketing activities and does not denote general
availability. Forward looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995, as amended. More information about potential factors that could
affect Business Objects’ business is included
in Business Objects’ Form 10-K for the year
ended December 31, 2006 and Form 10-Q for the quarter ended March 30,
2007, each of which is on file with the SEC and available at the SEC’s
website at www.sec.gov. All forward
looking statements speak only as of the date of this press release.
Business Objects is not obligated to undertake any obligation to update
these forward-looking statements to reflect events, circumstances or
changes in expectations after the date of this press release.
The Business Objects logo, BusinessObjects, Crystal Reports, Crystal
Decisions, Web Intelligence, Intelligent Question, and Xcelsius are
trademarks or registered trademarks of Business Objects in the United
States and/or other countries. iTunes is a registered trademark of
Apples, Inc. All other names mentioned herein may be trademarks of their
respective owners.