I could write a long post on this topic, and perhaps will one day, but since time is of the essence in the blogosphere, I thought I’d do my “quick take” on my former employer’s acquisition of Inxight, press release here.
- I’d first heard rumors of Business Objects as an Inxight suitor many months ago. So long in fact, that I assumed they’d looked at the deal and walked away. Perhaps that happened. Perhaps they came back. I don’t know. But from either the selling or buying perspective, the deal is not a surprise.
- Business Objects (BOBJ) is a value shopper so I’m sure that the deal makes sense financially. (That the terms were undisclosed is, in my opinion, another clue to that effect.)
- They say in the press release that Inxight’s revenues were $25M. I’m guessing that Business Objects paid between $50M and $75M.
- There is an interesting arbitrage in enterprise software multiples right now. According to this Software Equity Group report (see figure 6), the average enterprise value (EV) to trailing twelve month (TTM) revenue ratio is 3.5x for companies greater than $1B in revenue and 1.8x for companies less than $100M in revenue. That means that $1B+ players can buy sub-$100M players “for free” on the theory that they can pay 1.8x for a company’s revenue and have it instantly worth 3.5x in their own market cap.
- I think the deal is good for BOBJ because it allows them to score vision points in an important area — unstructured data. It’s also good for Business Objects to be doing offensive acquisitions as well as defensive ones (e.g., Cartesis).
- I think the deal is good for Mark Logic because it continues to put unstructured data (i.e., content) on the mainstream IT roadmap. Simply put, anything that gets people to pay more attention to content and have more desire to do interesting things with it is good for Mark Logic.
One thing you’ll hear more from Mark Logic about is the distinction between metadata extraction and content enrichment. Right now, Inxight and other text mining vendors focus primarily on extracting metadata from content — discovering that document 17 talks about the cities “New York” and “Paris” and the person “Pope Benedict XVI”. But the reason these vendors extract that metadata is because they want to play nicely in the existing ecosystem of relational databases and BI tools. Simply put, if the ecosystem does data, then you should use your tool to turn content into data, so you can load it into Oracle and make reports on it in BusinessObjects.
That approach makes sense if you look at things from the data end of the telescope. However, if you flip the scope around and say what’s better — extracting the metadata from the documents and loading it into Oracle or enriching the documents themselves by in-lining the newly discovered facts as markup? In a pre-MarkLogic world, that question didn’t make sense because no tools existed that could let you do anything with that enriched markup. But clearly there is a lot of information loss (specifically structure and location) that happens when you extract metadata from documents instead of enriching documents themselves.
For example, if extracted, you can run queries like “tell me which documents talk about ‘New York’ and ‘The Pope'” whereas, if in-lined, you can run queries like “return the abstract and bibliography of all articles that talk about ‘The Pope’ in a heading and mention ‘New York City’ within 15 words in the following paragraph.” That’s a huge difference in power.
That difference is why I like this deal. Because when you think you can’t do anything with content you don’t thirst for anything, but once you get a drink, you thirst for more. So when Bobxight starts to give people a taste of what you can do with analytics on content, I think it will, for many, beg questions that will make them want to move to a database infrastructure designed for content, not data — i.e., an XML content server.
I should note that Mark Logic is both an Inxight customer (we OEM their language processing technology) and partner (our technologies are quite complementary and we work together in several accounts) and we look forward to continuing those relationships.
Otherwise, all I’d say is that if Business Objects wanted to join the Mark Logic partner program, all they had to do was ask.
See this post on Timo Elliott’s BI Questions blog for a nice overview the Inxight products. See here for Curt Monash’s take on the deal.
Dave, since you think (comment on my blog) that my $150 million +/- estimate is way high, how do you explain a $50-$75 million estimate when Informatica paid $55 million for Itemfield, which was arguably 1/3 to 1/2 the company Inxight is?Seth Grimes
Hi Seth,It’s all speculation anyway but I based my analysis on standard software revenue multiples, (see report cited in the post), a knowledge that BOBJ is a value shopper, a hunch that one reason the deal ostensibly took so long is that perhaps diligence didn’t go well (leading perhaps to price concessions), and also an estimated growth rate. Ultimately the Nx multiple times sales needs to be normalized by a growth rate. I never studied the INFA/Itemfield deal, but the quickest for us both to be right would be if Itemfield were growing at 100% at Inxight at 15%.
有什么 有什么网址 有什么新闻 有什么博客 有什么论文 有什么图片 有什么音乐 有什么搜商 有什么帖客 天气预报
气相色谱仪忧伤满杯SEOSEO博客SEO优化排名SEO博客凌枫博客SEO日志龙翔网络营销ewgoogleSEO社区
logo designwebsite designweb designgoogle排名google左侧排名google排名服务商标设计百度推广百度排名runescaperunescape moneyrunescape goldbuy runescape moneybuy runescape goldguild warsguild wars golddofusdofus kamaslotrolotro gold机床数控机床机床附件LED灯led显示屏led路灯电池锂电池蓄电池塑料塑料制品塑料袋摄像机网络摄像机监控摄像机电动车电动车控制器电动车配件包装设计包装包装盒移民签证签证办理甲醇甲醇汽油苯甲醇染料酸性染料水性染料体育博客股票博客游戏博客魔兽博客
wow goldcheap wow goldbuy wow goldworld of warcraft goldwowworld of warcraftwow goldWoW WarriorWoW HunterWoW RogueWoW PaladinWoW ShamanWoW PriestWoW MageWoW DruidWoW Warlockgoogle排名google左侧排名google排名服务百度推广百度排名机床LED灯电池塑料摄像机电动车包装设计移民甲醇染料体育博客股票博客游戏博客魔兽博客考试博客logo designwebsite designweb design商标设计
传世私服魔兽世界私服传奇世界私服魔兽世界私服魔兽世界私服传奇世界私服传世私服魔兽私服魔兽私服传世私服传奇世界私服魔兽私服魔兽私服魔兽世界私服魔兽私服魔兽世界私服六合彩六合彩六合彩六合彩六合彩香港六合彩香港六合彩香港六合彩香港六合彩香港六合彩
runescape runescape money runescape gold buy runescape money buy runescape gold runescape cheat runescape tip lotro lotro gold lotro golds buy lotro gold buy lotro golds lord of the rings online lord of the rings online gold lotro lotro gold lotro golds buy lotro gold buy lotro golds lord of the rings online lord of the rings online gold runescape runescape money runescape gold buy runescape money buy runescape gold runescape cheats runescape tips guild wars guild wars gold dofus dofus kamas lotro lotro gold guild wars gold guild wars gold guild wars gold maple story maple story mesos maplestory mesos maple story maple story mesos maplestory mesos maple story maple story mesos maplestory mesos runescape runescape money runescape gold buy runescape money buy runescape gold http://www.runescape.com runescape.com runescape items dofus dofus kamas dofus kamas guild wars guild wars guild wars runescape runescape money runescape money runescape gold buy runescape money buy runescape gold runescape.com runescape items
runescape money runescape gold runescape gold buy runescape gold runescape money runescape gold wow power leveling wow powerleveling Warcraft Power Leveling Warcraft PowerLeveling buy runescape gold buy runescape money runescape itemsrunescape accounts runescape gp dofus kamas buy dofus kamas Guild Wars Gold buy Guild Wars Gold lotro gold buy lotro gold lotro gold buy lotro gold lotro gold buy lotro gold runescape money runescape power leveling runescape money runescape gold dofus kamas cheap runescape money cheap runescape gold Hellgate Palladium Hellgate London Palladium Hellgate money Tabula Rasa gold tabula rasa money Tabula Rasa Credit Tabula Rasa Credits Hellgate gold Hellgate London gold wow power leveling wow powerleveling Warcraft PowerLeveling Warcraft Power Leveling World of Warcraft PowerLeveling World of Warcraft Power Leveling runescape power leveling runescape powerleveling eve isk eve online isk eve isk eve online isk tibia gold Fiesta Silver Fiesta Gold SilkRoad Gold buy SilkRoad Gold runescape accounts buy runescape accounts rs2 accounts buy rs2 accounts runescape power leveling rs2 power leveling FFXI Gil buy FFXI Gil buy dofus kamas buy dofus kamas dofus kamasrunescape accountsbuy runescape accountsrs2 accountsbuy rs2 accountsrunescape power levelingrs2 power leveling
机票 国际机票 国内机票 搬家公司 北京搬家公司 搬家搬家公司 北京搬家 北京搬家公司 婚纱 礼服 婚纱摄影 胶带 圣诞树 小本创业 小投资条码打印机 条码打印机证卡打印机 证卡机 标签打印机 吊牌打印机 投影机 投影仪 月嫂 育儿嫂 月嫂 育儿嫂 月嫂 育儿嫂 婴儿用品 宝石 眩晕 咖啡机 逆变器 北京油烟净化器 营养师考试 橡胶模 电子产品设计 公共营养师 自动麻将桌 空调保养 北京婚庆 北京婚庆 机床厂 麻将机 打印机维修 肩周炎 镇流器 空调安装 塑钢门窗 强直性脊柱炎 空调移机 空调移机 北京空调移机 门禁系统 蛋糕 北京空调维修 治疗近视 eq2 gold 营养师资格考试 门禁 电话交换机 集团电话 前列腺 前列腺炎 前列腺炎症 前列腺增生 慢性前列腺炎 急性前列腺炎 前列腺癌 前列腺肥大 前列腺症状 前列腺治疗 前列腺痛 细菌性前列腺炎 前列腺发炎 前列腺炎检查 前列腺疾病 早泄 阳痿 泌尿 血尿 尿路感染
runescape money runescape gold as runescape money buy runescape money runescape gold runescape gold runescape money buy runescape money runescape money runescape gold wow power leveling wow powerleveling Warcraft Power Leveling Warcraft PowerLeveling buy runescape gold buy runescape money runescape itemsrunescape accounts runescape gp dofus kamas buy dofus kamas Guild Wars Gold buy Guild Wars Gold lotro gold buy lotro gold lotro gold buy lotro gold lotro gold buy lotro gold runescape money
qcsglll翻译公司货架卷帘门电动门自动门卷帘门道闸车库门伸缩门锅炉安装Oracle数据库容灾复制Oracle容灾备份Oracle备份恢复车库门自动车库门防火卷帘门阳光房道闸挡车器伸缩门电动伸缩门货架货架货架货架日上日上防盗门北京铁艺车库门卷帘门伸缩门岗亭岗亭岗亭岗亭岗亭岗亭车库门道闸卷帘门防火卷帘门 电动伸缩门道闸防火卷帘门自动车库门车库门伸缩门电动伸缩门挡车器电动伸缩门伸缩门卷帘门车库门道闸挡车器岗亭道闸伸缩门自动门车库门岗亭电动伸缩门卷帘门自动门电动门伸缩门卷帘门车库门伸缩门自动车库门车库门伸缩门电动伸缩门道闸岗亭自动车库门电动伸缩门 岗亭卷帘门 车库门伸缩门 电动门自动门北京SEO专业SEO专业SEO专业SEO
bgwldwzjzzxh!!热门图库热门图库精六合彩 妇科
wow goldwow goldwow goldwow goldwow power levelingwow power levelingwow power levelingwow power levelingWorld of Warcraft Goldwow goldwow power leveling wow goldwow goldwow goldwow power levelingwow power levelingRolex ReplicarolexRolex ReplicarolexRolex租房租房北京租房北京租房changyongkuivip
「インプラントにしたい」と思ったときが最も治療に適したタイミングたまに「インプラントにするには何歳ぐらいが適していますか」という質問を受けますが、ご本人がインプラントにしたいと思ったときに手術を行うのがベストと思います。 実際に当院でインプラント手術を受けた方は20代から70代と年齢層も実にさまざまです。
warhammer gold warhammer money warhammer accounts tibia money tibia gold tibia item runescape accounts buy runescape accounts runescape money runescape gold runescape gp runescape power leveling runescape powerleveling cheap rs2 powerleveling runescape equipment buy rs equipment runescape runes cheap rs2 runes runescape logs cheap rs2 logs runescape items buy runescape items runescape quest point rs2 quest point cheap runescape questpoint runescape gold runescape items runescape power leveling runescape money runescape gold buy runescape gold buy runescape money runescape items runescape accounts runescape gp runescape accounts runescape money runescape power leveling runescape powerleveling tibia gold dofus kamas buy dofus kamas wow power leveling wow powerleveling runescape questpoint rs2 questpoint Warcraft PowerLeveling Warcraft Power Leveling World of Warcraft PowerLeveling World of Warcraft Power Leveling Hellgate money Hellgate gold buy runescape logs buy rs2 items cheap runescape items Hellgate London gold Guild Wars Gold buy Guild Wars Gold runescape items rs2 accounts cheap rs2 equipments lotro gold buy lotro gold buy runescape money buy runescape gold buy runescape runes lotro gold buy lotro gold runescape money runescape gold cheap rs2 powerlevelin
g eve isk eve online isk buy runescape power leveling rs2 power leveling tibia gold tibia item runescape accounts Fiesta Silver Fiesta Gold Scions of Fate Gold Hellgate Palladium Hellgate London Palladium SOF Gold Age Of Conan Gold AOC Gold ArchLord gold tibia money tibia gold runescape accounts runescape gold cheap rs2 powerleveling buy ArchLord gold DDO Plat Dungeons and Dragons Online Plat
A片,A片,成人網站,成人影片,色情,情色網,情色,AV,AV女優,成人影城,成人,色情A片,日本AV,免費成人影片,成人影片,SEX,免費A片,A片下載,免費A片下載,做愛,情色A片,色情影片,H漫,A漫,18成人a片,色情影片,情色電影,a片,色情,情色網,情色,av,av女優,成人影城,成人,色情a片,日本av,免費成人影片,成人影片,情色a片,sex,免費a片,a片下載,免費a片下載情趣用品,情趣用品,情趣,情趣,情趣用品,情趣用品,情趣,情趣,情趣用品,情趣用品,情趣,情趣A片,A片,A片下載,做愛,成人電影,.18成人,日本A片,情色小說,情色電影,成人影城,自拍,情色論壇,成人論壇,情色貼圖,情色,免費A片,成人,成人網站,成人圖片,AV女優,成人光碟,色情,色情影片,免費A片下載,SEX,AV,色情網站,本土自拍,性愛,成人影片,情色文學,成人文章,成人圖片區,成人貼圖情色,AV女優,UT聊天室,聊天室,A片,視訊聊天室UT聊天室,視訊聊天室,辣妹視訊,視訊辣妹,情色視訊,視訊,080視訊聊天室,視訊交友90739,美女視訊,視訊美女,免費視訊聊天室,免費視訊聊天,免費視訊,視訊聊天室,視訊聊天,視訊交友網,視訊交友,情人視訊網,成人視訊,哈啦聊天室,UT聊天室,豆豆聊天室,聊天室,聊天,色情聊天室,色情,尋夢園聊天室,聊天室尋夢園,080聊天室,080苗栗人聊天室,柔情聊天網,小高聊天室,上班族聊天室,080中部人聊天室,中部人聊天室,成人聊天室,成人