An acquisitive Business Objects leaps into “Top Three” in CPM ranking
Stamford, Conn.-based Gartner ranks Business Objects as one of the top three vendors globally, and largest best-of-breed provider of corporate performance management (CPM) software as a result of its combined acquisitions in H2 2006 and 2007. Gartner reports the market for CPM suites software increased 20.2 percent to $1.55 billion in 2006, “driven by an increased need for financial reporting accuracy and compliance.”
In the August 2007 report, Market Share: CPM Suites Software, Worldwide 2006, Composite View , Business Objects commanded an 8.9-percent 2006 worldwide market share based on total software revenue following its acquisitions of CPM specialists Cartesis and ALG Software.
“We believe this leadership position in the EPM market is proof we are delivering the most comprehensive integrated EPM [enterprise performance management] suite of capabilities for the office of the CFO,” says Trevor Walker, a Business Objects VP. “We recently demonstrated this to the market, and to our customers, by delivering our EPM road map to leverage the integrated technologies and domain expertise of Business Objects, Cartesis, ALG, and SRC, providing tangible customer value that will continue to differentiate us in this evolving market.”
Using an Integrated Data Model (IDM) as the cornerstone for organizations looking to achieve maximum benefits from performance management applications, the Business Objects EPM suite ensures data accuracy and consistency. While ERP systems are equipped to handle transactional data resources, they remain costly and inflexible, unable to fully meet today’s changing performance management needs. This is why Business Objects designed the EPM suite as flexible, wholly independent best of breed solution. According to Gartner’s report, “budgeting, planning and forecasting applications are still the most commonly deployed components of CPM suites, but scorecards and dashboards have become more popular, driven by more strategically focused initiatives.” By delivering a single integrated EPM solution to provide a clear view of key performance drivers over a range of otherwise disparate systems, Business Objects provides organizations a clear view into all the essential processes affecting business performance.
“Our global customers consistently emphasize our combination of domain expertise and best-in-class functionality as the key reason they selected Business Objects to fulfill their performance management needs,” says Walker. “Our comprehensive EPM solution helps to deliver greater forecast accuracy, lower cost compliance, faster reporting cycles and a better understanding of business costs and drivers for our customers.”