Global Technology Business Intelligence (GBI) will be in discussion with Business Objects and Acta Technology Inc to define a combined future strategy for tackling the Southern African market. This follows Business Objects` announcement on 9 July of a definitive agreement to acquire Acta Technology Inc.
GBI, a division of JSE Securities Exchange-listed Global Technology, will continue to maintain its strong partnership with formerly privately held Acta, working together to provide local customers with the industry`s first and only batch and real-time data integration platform for the extraction, transformation and loading (ETL) segments.
"GBI views this acquisition as a positive move for Acta, nationally and internationally. We look forward to improving on our ever-increasing position in SA with the ability of providing our current and prospective customers with expert knowledge of Acta," says Johan Cloete, CEO of GBI.
The Acta acquisition, a cash transaction, should be completed by the third quarter of the year and has been approved by the boards of both companies.
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