References in periodicals archive ?
Brio Software, once tipped as a challenger to the BI tools leaders, Business Objects and Cognos, is still suffering the after effects of its acquisition of reporting software vendor Sqribe three years ago.
Brio Technology Inc's release of Brio.Portal 6.0 represents the market debut of the first fruits of the Palo Alto, California-based company's acquisition of Sqribe Technologies Inc.
Brio's problems began in August 1999 with its $270 million acquisition of reporting software vendor SQRIBE. The two companies were of equal size and Brio took far too long to integrate the products and the people, says analyst Nigel Pendse, Business Intelligence analyst and author of the OLAP Report.
Brio Technology Inc posted revenues up 53% at $30.7m for the second quarter of fiscal 2000, compared to $20.1m last year, but charges from its acquisition of Sqribe Technologies Inc and legal settlement with Business Objects SA continued to drag the company's bottom line down and it posted a net loss of $17.5m, compared to a net income of $387,000 last year.
The company now groups its own products, and those of its recent acquisition Sqribe Technologies Inc, under a single umbrella name, Brio One, intended to signify its vision for a common business intelligence platform underpinned by a single set of integrated services.
For business-to-business BI, FAC/Equities fancies the chances of Brio Technology Inc, which recently acquired Sqribe Technologies Inc, and of French decision support vendor Business Objects Inc.
He denied that the move was in response to Brio Technology Inc's recent acquisition of Sqribe Technologies Inc, under which it got its hands on Sqribe's portal software.
Interestingly, Godby also said that Cognos's reporting software is not designed to compete with rival Brio Technology Inc's product, acquired through its acquisition of Sqribe despite the fact that other Cognos spokespeople have stated otherwise.
Business intelligence software vendor, Brio Technologies Inc used the closing of its acquisition of Sqribe Technologies Inc yesterday, to outline integration plans including details of new business units and combined product lines.
Like Business Objects, Rose says that Brio's acquisition of Sqribe Technology was more driven by competition, and less by getting its hands on decent reporting technology.
Brio Technology Inc's acquisition of Sqribe Technologies Inc was done out of desperation and doesn't give it any edge over rivals as the company claims, a spokesperson for Business Objects said this week.
Sqribe Software Inc yesterday released what is says is the most significant upgrade release of its SQR Enterprise Reporting Server, enabling, for the first time, developers to access object relational data alongside relational types when creating analytical reports.
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