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Business Objects Buys Acta

July 11

Business intelligence (BI) vendor Business Objects announced today its acquisition of Acta for $65 million in cash.

Business intelligence companies facilitate the extraction and presentation of management information for executives in large organizations. Business Objects, now generating about $400 million in revenue, is one of the young field's larger players with a NASDAQ market cap of about $1.5 billion.

Acta, formerly a private company with about 200 employees, sells a real-time data integration software platform that will now support and extend Business Object's product line and services.

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