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Business Objects, a French $1.3 billion provider of business intelligence (BI) software, announced on April 23 that it was acquiring privately held Cartesis S.A. for $300 million. Cartesis, an enterprise performance management company, provides financial reporting, consolidations and planning capabilities, as well as a new governance, risk and compliance (GRC) portfolio. Cartesis, with annual revenues of $125 million, was founded in 1990 and has 1,300 customers worldwide. The acquisition comes less than a week after Oracle Corp. closed on its $3.3 billion for Hyperion Solutions.

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