Crystal Reports is very popular software that has found various applications in business intelligence for the design and generation of reports, pulling various data from various sources. Crystal Reports is used by many software applications as a default reporting tool. It is bundled with Visual Studio suite from Microsoft, which is an OEM variant, which obviously has reseller rights.
Crystal Reports is developed by the Business Objects Company, which is a division of SAP. On the other hand, Business Objects is a portfolio of enterprise software which deals with business intelligence; it was originally started by a French company that has the same name in the early '90s.
The first version was the Business Object Skipper SQL 2.0, launched in the year 1990. Business Objects was first to focus on enterprise-wide business intelligence deployments. Business Objects now operates as a division of SAP Company, not as a separate company.