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Technology Stocks : Business Objects (BOBJ) - any followers???

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To: StormRider who wrote (579)6/16/1998 10:35:00 AM
From: StormRider  Read Replies (1) of 1150
 
Here's another article from yesterday...

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Richter Systems Bundles Leading Decision Support Tools from Business Objects for Supply Chain Management System

Richter Systems Embeds Business Objects Technology to Provide Retailers, Manufacturers with Powerful, Scalable Enterprise Reporting to Help Maximize Supply Chain Profitability

NEW ORLEANS--(BUSINESS WIRE)--June 15, 1998-- Business Objects (NASDAQ:BOBJY - news), the world's leading provider of integrated enterprise decision support tools, today announced a worldwide software reseller agreement with Richter Systems Inc., a leading provider of global supply chain enterprise solutions.

Richter will bundle Business Objects technology as the standard reporting solution in both its retail and manufacturing application systems, along with its new decision support system for supply chain management, Richter Business Intelligence(TM).

Richter is bundling BusinessObjects(TM) and WebIntelligence(TM) as part of Richter BI Advisor(TM), the production and ad hoc reporting module of Richter Business Intelligence.

As the standard reporting solution in the Richter Supply Chain Cooperative Enterprise Solution Suite (Richter SUCCESS(TM)), Business Objects leading decision support technology will enable Richter manufacturing and retail customers to easily create and share production and ad hoc reports via both client/server and web-based networks.

''Supply chain management is becoming a critical area for data warehousing and decision support systems,'' said Dave Kellogg, vice president of corporate marketing at Business Objects.

''We are pleased to work closely with Richter to leverage their supply chain management expertise and to increase our presence in this strategic market segment. The award-winning decision support software from Business Objects provides retailers with an easy-to-use reporting system that's powerful enough to integrate multiple types of data located throughout the enterprise.''

''Competition is driving retailers to get more out of their existing customers, deliver increased cost savings, and make better decisions,'' said Arnaud Kraaijvanger, director of corporate marketing at Richter Systems Inc.

''By bundling the leading decision support software from Business Objects into our Business Intelligence system, we are giving our customers easy access to consumer buying, store traffic, and inventory management data, as well as an integrated DSS tool that could effectively scale to thousands of users across the enterprise.

''By bundling Business Objects, we feel we are providing a much more valuable service to our more than 300 customers, some of which are the biggest household names in consumer goods retailing and softgoods manufacturing and distribution.''

About Richter Business Intelligence

As part of Richter SUCCESS, Richter Business Intelligence can be integrated with other Richter SUCCESS components, such as Richter Merchandising(TM), Richter Sourcing(TM), and Richter Demand Management(TM).

Richter Business Intelligence helps companies compete in the fast-moving retail environment by tracking customer behavior, reducing costs, and achieving greater business efficiencies.

Richter Business Intelligence provides the reporting tools and drill down capabilities that can improve day-to-day operating efficiencies. Its complex trend analysis and forecasting capabilities deliver the critical perspectives on consumer shopping trends and buying patterns, which, in turn, drive strategic decision making.

From a cost-management point of view, Richter Business Intelligence provides access to data from all corners of the enterprise and thereby enables better supply chain management and improves a company's competitive position in the marketplace.

Richter Business Intelligence enables retailers to ask intuitive business questions and delivers information in an easy-to-use, real time format. The user-friendly, graphical front end encourages everyone from the CEO to individual buyers to access more information with greater speed. With the Richter SUCCESS products, retailers and manufacturers can view pre-defined reports or customize their own reports, and analyze the data on an enterprise wide level

About Richter Systems Inc.

For over 30 years, Richter Systems Inc. has provided integrated software application solutions to the retail, distribution and manufacturing markets and has offered consulting services with unparalleled domain expertise and proven methodology.

Richter has offices worldwide including the United States, Canada, Europe and Asia. More information on Richter Systems can be found online at richter.net.

About Business Objects

Business Objects is the world's leading provider of integrated enterprise decision support tools. Business Objects products provide non-technical business users with access to information stored in data warehouses, data marts, and packaged business applications.

Business Objects provides a complete suite of decision support tools including query, reporting, online analytical processing, data mining, and DSS administration for both client/server and internet environments. Business Objects has sold more than 780,000 licenses to over 6,200 organizations in more than 60 countries worldwide.

Business Objects may be reached by phone at 408/953-6000 or on the World Wide Web at businessobjects.com. The company's stock is publicly traded under the ticker symbol BOBJY.

Note to Editors: BusinessObjects and WebIntelligence are trademarks of Business Objects SA. Other company and product names may be trademarks of the respective companies with which they are associated.

A full-text copy of this announcement may be obtained by calling the company's fax retrieval line at 800/414-2114 and selecting option ''two.'' The announcement may also be downloaded from the Web; access businesswire.com and search on ''Business Objects.'' Business Objects product inquiries should contact 800/527-0580.

Contact:
Business Objects
Mike Bendel, 408/953-6056
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