Business Objects Completes Acquisition of Armstrong Laing Limited

Business Objects (Nasdaq: BOBJ; Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, announced it has closed the acquisition of privately-held Armstrong Laing Limited (ALG Software), a leading provider of profitability management and activity based costing solutions.

"The acquisition was an all-cash transaction of approximately £30 million GBP (approximately $56 million USD) for all outstanding shares of ALG Software by Business Objects (U.K.) Limited, a Business Objects wholly owned U.K. subsidiary, and will be accounted for under the purchase method of accounting. Total revenue for ALG Software was approximately $19 million for its fiscal year ended January 31, 2006."

With the addition of ALG Software, Business Objects expands its enterprise performance management (EPM) software portfolio with solutions for profitability management, activity based costing, predictive planning, and strategic business performance measurement. ALG Software's profitability management and activity based costing solutions represent a fast-growing segment of the EPM market and complement the existing Business Objects EPM solutions. Today, more than 400 customers worldwide use ALG Software's solutions, including American Express, British Airways, British Telecom, Heineken, HSBC, Royal Bank of Scotland, US Department of Labor, and WHSmith.

Business Objects plans to announce further details on the integration of ALG Software in November, from the Business Objects Insight Americas 2006 User Conference in San Francisco.