Business Objects (BO, BOBJ, or BObjects) was an enterprise software company, specializing in business intelligence (BI). Business Objects was acquired in 2007 by German company SAP AG. The company claimed more than 46,000 customers in its final earnings release prior to being acquired by SAP. Its flagship product was BusinessObjects XI (or BOXI), with components that provide performance management, planning, reporting, query and analysis, as well as enterprise information management. Business Objects also offered consulting and education services to help customers deploy its business intelligence projects. Other toolsets enabled universes (the Business Objects name for a semantic layer between the physical data store and the front-end reporting tool) and ready-written reports to be stored centrally and made selectively available to communities of the users. History co-founded Business Objects in 1990 together with , and was chief until September 2005, when he became chairman and chief until January 2008. The concept of Business Objects and its initial implementation came from Jean-Michel Cambot. In 1990, the first customer, Coface, was signed. The company went public on NASDAQ in September 1994, making it the first European software company listed in the United States. In 2002, the company made Time magazine Europe's Digital Top 25 of 2002 and were BusinessWeek Europe Stars of Europe. On 7 October 2007, SAP AG announced that it would acquire Business Objects for $6.8B. As of 22 January 2008, the corporation is fully operated by SAP; this was seen as part of a growing consolidation trend in the business software industry, with Oracle acquiring Hyperion in 2007 and IBM acquiring Cognos in 2008. Business Objects had two headquarters in San Jose, California, and Paris, France, but their biggest office was in Vancouver, British Columbia, Canada. The company's stock was traded on both the Nasdaq and Euronext Paris (BOB) stock exchanges. Legal On April 2, 2007, a lawsuit from Informatica (inherited by Business Objects from the purchase of Acta Technologies in 2002) resulted in an award of $25 million in damages to Informatica for patent infringement. The lawsuit related to embedded data flows with one input and one output. Informatica asserted that the ActaWorks product (later sold by Business Objects as part of Data Integrator), infringed several Informatica patents including US Patent Nos. 6,014,670 and 6,339,775, both titled "Apparatus and Method for Performing Data Transformations in Data Warehousing." Business Objects subsequently released a new version of Data Integrator (11.7.2) which