« Bertelsmann Investing In Ventures Again | Main | Eqvitec Backing TraceTrackers Global Rollout »
April 23, 2007
Business Objects Acquires VC-backed Cartesis
Business Objects and VC-backed Cartesis announced the acquisition today. Under terms of the agreement, Business Objects will pay €225M (approximately $300M) in cash. Founded in 1990 Cartesis was acquired for an undisclosed amount in February 2004 from PricewaterhouseCoopers by Apax Partners, Advent Ventures Partners, Caisse de dépôt et placement du Québec and Partech International. At that time analysts belived that Cartesis was doing about €80m in revenues. While in the hands of the VCs it grew revenues by 43 percent in 2005 and 28 percent in 2006 and it completed two acquisitions in the meantime.
Posted on April 23, 2007 06:19 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/4281
