SAN JOSE, Calif., Dec. 28, 2004 -- Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced an extended OEM agreement with Borland Software Corporation (Nasdaq:BORL), the global leader in platform independent solutions for Software Delivery Optimization. With this agreement, Crystal Reports(R) is now embedded in Borland(R) Delphi(R) 2005, the newest version of Borland's RAD environment for Microsoft Windows and .NET applications. Developers using Delphi 2005 can easily build enterprise reports from within their familiar development environment using the Delphi and C# programming languages.

"Borland and Business Objects have a long-standing mutual commitment to improving developer productivity, and as our '2004 Technology Partner of the Year,' Business Objects continues to provide developers with a global reporting standard for all major computing languages," said Jim Guthrie, group vice president of ALM products at Borland. "This latest agreement should allow developers using the Delphi and C# programming languages to quickly and easily embed reporting into their .NET applications without leaving their familiar Delphi development environment. The reports can then be reused to distribute information across the organization. Developers can focus their efforts on developing applications since they don't have to replicate existing reports for different environments."

"Borland is a leading software manufacturer for .NET and Java development environments, and extending our .NET product offerings with the integration of Crystal Reports in Delphi 2005 will provide a significant benefit to developers," said Lance Walter, vice president of product marketing at Business Objects. "Borland and Business Objects are jointly delivering industry standard embedded reporting technology for application developers across all development languages, deployment platforms and database architectures."

This agreement extends the long-standing relationship between Business Objects and Borland. Crystal Reports is integrated in several Borland developer products including JBuilder(R) X, JBuilder 2005, and now Delphi 2005. Developers worldwide have made Crystal Reports the defacto standard in both enterprise and embedded reporting because it reduces the time spent developing reports compared with hand-coding and enables them to quickly create and integrate interactive, presentation-quality reports from within their preferred IDE.

About Business Objects

Business Objects is the world's leading business intelligence (BI) software company. Business intelligence enables organizations to track, understand, and manage enterprise performance. The company's solutions leverage the information that is stored in an array of corporate databases, enterprise resource planning (ERP), and customer relationship management (CRM) systems.

Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to gain visibility into their business, acquire and retain profitable customers, reduce costs, optimize the supply chain, increase productivity, and improve financial performance.

In December 2003, Business Objects completed the acquisition of Crystal Decisions, the leader in enterprise reporting. The combined product line includes software for reporting, query and analysis, performance management, analytic applications, and data integration. In addition, Business Objects offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has more than 29,000 customers in over 80 countries. The company's stock is traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (ISIN: FR0004026250 - BOB). It is included in the SBF 120 and IT CAC 50 French stock market indexes. Business Objects can be reached at 408-953-6000 and http://www.businessobjects.com.

Business Objects, the Business Objects logo, BusinessObjects, and Crystal Reports are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies in the United States and/or other countries.

Business Objects
Peter Olson, 408-953-6320
peter.olson@businessobjects.com
or
Eastwick Communications
Erin McCabe, 650-480-4016
erin@eastwick.com