Business Objects founder resigns after SAP acquisition

Business Objects SA founder Bernard Liautaud resigned as chairman and chief strategy officer at the company following the closing of its acquisition by SAP AG earlier this month.

Liautaud, who founded Business Objects in 1990 and served as its CEO until 2005, will serve as an adviser to SAP CEO Henning Kagermann until June, when SAP’s supervisory board plans to propose that he be elected to the board of directors, the company said Wednesday.

SAP announced its plans in October to acquire Business Objects for US$6.8 billion and closed the deal earlier this month.

“The industry I helped create almost two decades ago has changed dramatically over the years, and I am very proud to say that Business Objects has consistently been a pioneer in bringing innovation to the market,” Liautaud in a statement. “The vision we started out with is now a reality and the need for business intelligence has become pervasive across enterprises large and small. This industry is now at a tipping point and I am confident that, together with SAP, Business Objects will continue to innovate and help transform the way the world works by connecting people, information and businesses.”

Business Objects went public in 1994 and became the first French software company to be listed in the U.S.

Earlier this month, SAP and Business Objects announced the first joint products from the merger, including financial performance management, governance, risk and compliance, and visualization and reporting packages.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN Staff
CDN Staff
For over 25 years, CDN has been the voice of the IT channel community in Canada. Today through our digital magazine, e-mail newsletter, video reports, events and social media platforms, we provide channel partners with the information they need to grow their business.

Related Tech News

Featured Tech Jobs


CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.