Microsoft Corporation acquired OLAP technology from Panorama Software, a transaction announced in October 1996, structured as Technology/asset acquisition.
OLAP technology from Panorama Software operates in SQL Server / BackOffice, is based in Tel Aviv, Israel. Panorama Software Systems of Tel Aviv developed high-performance multidimensional Online Analytical Processing (OLAP) technology that could integrate multidimensional and relational data for decision-support and enterprise information systems. Microsoft acquired the OLAP technology to add multidimensional analytics to its SQL Server and BackOffice families; it later became the basis of SQL Server OLAP Services (Analysis Services).
Add multidimensional OLAP analytics to SQL Server and the BackOffice data-warehousing strategy.
Panorama's products have the capability to seamlessly integrate data stored in multidimensional databases with data residing in relational databases such as Microsoft SQL Server, maximizing performance and scalability.David Vaskevitch, Vice President of Database and Transaction Products, Microsoft
Advisory firms were not disclosed for this transaction.