Maxtor Gains Greater Visibility Across the Enterprise With Best-of-Breed Business Intelligence Solution From Business Objects

San Jose, Calif. - September 9, 2002 -- Business Objects (NASDAQ: BOBJ), the world’s leading provider of business intelligence (BI) solutions, today announced that Maxtor® Corporation (NYSE: MXO) is using an end-to-end business intelligence solution from Business Objects to provide employees with a single view of information across many departments. Maxtor’s best-of-breed business intelligence solution includes the industry’s leading BI platform from Business Objects, as well as the award-winning data integration products from Acta Technology, which was recently acquired by Business Objects.

Maxtor, a worldwide leader in hard disk drives for consumers, professionals, and enterprise applications, has implemented industry leading data integration and business intelligence tools from Business Objects. The solution provides employees throughout the company with a single view into key operational data on sales, fulfillment, materials and manufacturing, human resources, finance, and various other functions. The solution has given Maxtor executives greater visibility across several departments, as well as the ability to quickly respond to changes in its business.

"Maxtor is committed to being the most flexible manufacturer in the industry,” said Scott Hicar, CIO and vice president of worldwide IT at Maxtor. “One way we are achieving this is by empowering employees to access, analyze and share critical information across the entire enterprise. Agility is part of our core philosophy and Business Objects is helping us to excel here by providing valuable insight into our business information."

The data integration components of the Business Objects solution - BusinessObjects™ Data Integrator and BusinessObjects Rapid Marts™ -- enable Maxtor to capture data across disparate operations -- and make them accessible in a single view.

“With best-of-breed technology from the data integration component, to the business intelligence front end, Business Objects has enabled Maxtor to implement a powerful solution for delivering its enterprise information assets to all key decision makers and stakeholders,” said Hicar. “At a time when businesses need greater visibility across all enterprise functions, the Business Objects solution is helping Maxtor to see and understand many aspects of its business.”

“One reason business intelligence is thriving in the downturn is that companies are learning very quickly that they need to gain better visibility into their operations,” said Dave Kellogg, senior group vice president worldwide marketing at Business Objects. “With Business Objects, businesses now have a complete business intelligence solution for accessing and delivering key data to all corporate decision makers, improving their ability to manage business performance.”

About Business Objects
Business Objects is the world's leading provider of business intelligence (BI) solutions. Business intelligence lets organizations access, analyze, and share information internally with employees and externally with customers, suppliers, and partners. It helps organizations improve operational efficiency, build profitable customer relationships, and develop differentiated product offerings.

The company's products include data integration tools, the industry's leading integrated business intelligence platform, and a suite of enterprise analytic applications. Business Objects is the first to offer a complete BI solution that is composed of best-of-breed components, giving organizations the means to deploy end-to-end BI to the enterprise, from data extraction to analytic applications.

Business Objects has more than 16,000 customers in over 80 countries. The company's stock is publicly traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (Euroclear code 12074). 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 www.businessobjects.com