Business Objects to buy performance management firm

Business Objects SA is stepping up its efforts in the area of corporate performance management software with an acquisition and the integration of some existing applications with its business intelligence suite.

Performance management software helps big companies with sales, payroll, staffing and capital expenditure planning. Business Objects said its license revenue from such products jumped 70 percent in the first half of the year from the same period in 2005.

The company said on Tuesday its U.K. subsidiary has agreed to buy Armstrong Laing Ltd., which makes profitability management software, for about

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