Biz Objects To Buy Inxight

Business Objects (Nasdaq: BOBJ) has agreed to acquire Inxight Software Inc., a Sunnyvale, Calif.-based provider of enterprise software solutions for unstructured information discovery. No financial terms were disclosed for the deal, which is expected to close in July. Inxight has raised over $50 million in VC funding from Deutsche Bank-affiliated funds, Dresdner Kleinwort Wasserstein, VantagePoint Venture Partners and Atila Ventures.