Bernard Liautaud [fr] co-founded Business Objects in 1990 together with Denis Payre [fr], and was chief executive until September 2005, when he became chairman and chief executive until January 2008. The concept of Business Objects and its initial implementation came from Jean-Michel Cambot.
In 1990, the first customer, Coface, was signed. The company went public on NASDAQ in September 1994, making it the first European software company listed in the United States. In 2002, the company made Time magazine Europe's Digital Top 25 of 2002 and were BusinessWeek Europe Stars of Europe.
On 7 October 2007, SAP AG announced3 that it would acquire Business Objects for $6.8 billion. As of 22 January 2008, the corporation was fully operated by SAP; this was seen as part of a growing consolidation trend in the business software industry, with Oracle acquiring Hyperion in 2007 and IBM acquiring Cognos in 2008.
Business Objects had two headquarters in San Jose, California, and Paris, France, but their biggest office was in Vancouver, British Columbia, Canada. The company's stock was traded on both the Nasdaq and Euronext Paris (BOB) stock exchanges.
On April 2, 2007, a lawsuit from Informatica (inherited by Business Objects from the purchase of Acta Technologies in 2002) resulted in an award of $25 million in damages to Informatica for patent infringement. The lawsuit related to embedded data flows with one input and one output. Informatica asserted that the ActaWorks product (later sold by Business Objects as part of Data Integrator), infringed several Informatica patents including US Patent Nos. 6,014,670 and 6,339,775, both titled "Apparatus and Method for Performing Data Transformations in Data Warehousing." Business Objects subsequently released a new version of Data Integrator (11.7.2) which removed the infringing product capability.4
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