Business Objects, a Nasdaq-listed business intelligence software company, would invest $150 million in research and development during 2004, a company official said in Mumbai on Monday.

"Business Objects, which has completed the acquisition of Crystal Decisions, will make the R&D investment for enhancing its products and develop new ones," Business Objects vice president for Asia Pacific Lee Boon Huat told newspersons in Mumbai.

The company, which started business in India in 1996 through partnerships and started direct operations last year, today introduced Crystal Version 10 in the enterprise reporting segment.

Huat said the company had more than 35 per cent of the market it operated in, in India.

Business Objects has already partnered with Sonata Software to market its products.

Besides Sonata, the company has been working with several partners in India such as Tata Consultancy Services, Wipro, Tata Infotech Ltd, CMC Ltd, and L&T Infotech.

Huat said Crystal Version 10 would give organisations the ability to make better and faster decisions for improved business performance.