Business Objects the provider of business intelligence (BI) solutions, says that a report by Gartner the analyst firm, shows Business Objects as one of the top three vendors globally and the largest best of breed provider of corporate performance management (CPM) software following its recent acquisitions of CPM specialists Cartesis and ALG Software. The report entitled, "Market Share: CPM Suites Software, Worldwide 2006, Composite View." says Business Objects commanded an 8.9 percent 2006 worldwide market share based on total software revenue .
"We believe this leadership position in the EPM market is proof that we are delivering the most comprehensive integrated EPM suite of capabilities for the office of the CFO," said Trevor Walker, Vice President, Product Marketing for Business Objects. "We recently demonstrated this to the market and our customers by delivering our EPM roadmap to leverage quickly the integrated technologies and domain expertise of Business Objects, Cartesis, ALG and SRC, providing tangible customer value that will continue to differentiate us in this evolving market."
According to Gartner's report, "b udgeting, planning and forecasting applications are still the most commonly deployed components of CPM suites, but scorecards and dashboards have become more popular, driven by more strategically focused initiatives."
"Our global customers consistently emphasize our combination of domain expertise and best-in-class functionality as the key reason they selected Business Objects to fulfill their performance management needs," said Walker . "Our comprehensive EPM solution helps to deliver greater forecast accuracy, lower cost compliance, faster reporting cycles and a better understanding of business costs and drivers for our customers."
Gartner reports that the market for CPM suites software increased 20.2 percent to $1.55 billion in 2006, "driven by an increased need for financial reporting accuracy and compliance."
