Business Objects has agreed to buy Armstrong Laing, which makes profitability management software, for about £30 million (NZ$85 million). It expects to close the deal by the end of the year, subject to regulatory approvals and other conditions.
Performance management software helps big companies with sales, payroll, staffing and capital expenditure planning.
Business Objects says its licence revenue from such products jumped 70% in the first half of the year compared with the same period in 2005.
Armstrong, better known as ALG Software, has about 400 customers including American Express, British Airways and Heineken. Its customers use its software for profitability management, activity-based costing and business performance measurement.
Business Objects has also completed a two-year project to integrate its performance management applications with its data analytics suite, BusinessObjects XI. Many of the applications were acquired in 2005 when it bought SRC Software.
The integration means customers can take data from the planning, budgeting and other performance-management applications and combine it more easily with the reporting and analysis tools in BusinessObjects XI.