Business Objects has entered into a definitive agreement to acquire Inxight Software, a provider of software solutions for unstructured information discovery, including text analytics, federated search, and data visualisation.

The combination of Business Objects and Inxight Software is expected to provide organisations with a BI solution to address all of their data assets. The alliance will provide companies with streamlined access to both structured information within databases and data warehouses, and unstructured information such as e-mails, documents, notes fields, and web content.

“The addition of Inxight to the Business Objects portfolio will give our customers unsurpassed capabilities in the BI industry and once again raises the bar for true business intelligence,” said John Schwarz, CEO of Business Objects.

“Our customers want to use the full spectrum of available data to make the best decisions possible and drive optimized organisational performance. Whether it’s looking at fraud detection, regulatory compliance, the voice of the customer, or intelligence and counter-terrorism, text analytics can help predict important events before they happen and find opportunities before the competition,” added Schwarz.

“We’re excited to join the Business Objects team, and already see incredible opportunities for synergies and applications of our technology,” said Ian Bonner, president and CEO of Inxight.

Financial details of the transaction were not disclosed.