Hyperion Solutions

Infobox Defunct Company
company_name = Hyperion Solutions Corporation
company_
company_type = Public (nasdaq|HYSL)
fate = merger
successor = Oracle Corporation
foundation = 1981
defunct = 2007
location = Santa Clara, CA, USA
key_people = Godfrey R. Sullivan, President and Chief Executive Officer
num_employees = 2,607 (2005)
revenue = $765.2 million USD (2006)
industry = Business Performance Management and Business Intelligence
homepage = [http://www.hyperion.com/ www.hyperion.com]

Hyperion Solutions Corporation was a business performance management software company, located in Santa Clara, California, USA, which was acquired by Oracle Corporation in 2007. Many of its products were targeted at the Business Intelligence and Business performance management market, and as of 2008 are still actively developed and sold by Oracle. In 2007, Gartner placed Hyperion in its "Leader" quadrant for both Business Intelligence Platforms and Corporate Performance Management.

Oracle Corporation announced on March 1, 2007 that it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash . [http://www.oracle.com/corporate/press/2007_mar/Hyperion.html?rssid=rss_ocom_pr] [http://www.businessweek.com/ap/financialnews/D8NJDLG01.htm] The transaction was completed on April 18, 2007. [http://www.oracle.com/corporate/press/2007_apr/hyperion_closed.html]

Notable products include:
* Essbase
* Hyperion System 9 BI+
* Hyperion Intelligence (comprising products formerly offered by Brio Technology, acquired in 2003)
* Hyperion Enterprise
* Hyperion Planning
* Hyperion Strategic Finance
* Hyperion Financial Management
* Hyperion Master Data Management

History

* 1981 - IMRS founded by Bob Thomson and Marco Arese
* 1985 - IMRS hires Jim Perakis as CEO; he remains in this position during growth from $1M to almost $300M
* 1991 - IMRS becomes a public company
* 1992 - Arbor Software ships first version of Essbase Online Analytical processing OLAP software
* 1995 - IMRS changes name to Hyperion Software Corporation
* 1995 - Arbor becomes a publicly held company
* 1997 - Arbor acquires Appsource
* 1998 - Hyperion Software merges with Arbor and the combined company is renamed Hyperion Solutions Corporation
* 1999 - Jeffrey Rodek named as Hyperion Chairman and CEO of Hyperion
* 1999 - Hyperion acquires Sapling Corporation (Enterprise Performance Management applications)
* 2001 - Godfrey Sullivan is named Hyperion President and COO
* 2002 - Hyperion launches the Business Performance Management category.
* 2003 - Hyperion acquires Brio Technology and The Alcar Group
* 2004 - Hyperion names Jeffrey Rodek Executive Chairman; Godfrey Sullivan President and CEO.
* 2005 - Hyperion acquires Razza Solutions (Master Data Management)
* 2006 - Hyperion acquires UpStream (Financial Data Quality Management)
* 2007 - Hyperion acquires Decisioneering (Crystal Ball)
* 2007 - Oracle Corporation announces agreement to acquire Hyperion for USD3.3 Billion.
* 2007 - Oracle Corporation bundles Hyperion BI tools into Oracle Business Intelligence Enterprise Edition Plus.

References

External links

* [http://www.hyperion.com/ Hyperion Solutions Corporate website]
* [http://dev.hyperion.com The Hyperion Developer Network]
* [http://www.hyperion.com/company/news/press_kit/fact_sheet/ Hyperion Press Kit]
* [http://www.hyperion.com/oracle/index.cfm Oracle to Acquire Hyperion Solutions]
* [http://avirtualexit.com/2007/03/02/oracle-to-acquire-hyperion-for-33-billion/ Oracle to Acquire Hyperion]
* [http://news.cnet.com/2100-1012_3-6163325.html Oracle Buy-Out Article]