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Hyperion Solutions

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Oracle Hyperion
Company typePublic (Nasdaq: HYSL)
IndustryBusiness Performance Management and Business Intelligence
Founded1981
FateAcquisition
HeadquartersSanta Clara, California, United States
Key people
Godfrey R. Sullivan, President and Chief Executive Officer
Revenue$765.2 million USD (2006)
OwnerOracle Corporation
Number of employees
2,607 (2005)
Websitewww.hyperion.com

Hyperion Solutions Corporation was an Enterprise 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 (BI) and business performance management markets, and as of 2013 are still actively developed and sold by Oracle as Oracle Hyperion products.

Hyperion Solutions was formed from the merger of Hyperion Software (formerly IMRS) and Arbor Software in 1998.

Oracle Corporation announced on March 1, 2007 that it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash.[1][2] The transaction was completed on April 18, 2007 and Hyperion now operates as a division of Oracle.[3]

Hyperion office in Santa Clara

Timeline

  • 1981 - IMRS founded by Bob Thomson and Marco Arese, and launches financial and management consolidation software called 'Micro Control' in 1983
  • 1985 - IMRS hires Jim Perakis as CEO; he remains in this position during growth from $1M to almost $300M[citation needed]
  • 1991 - IMRS becomes a public company and launches a Windows-based successor to 'Micro Control' called 'Hyperion'
  • 1992 - Arbor Software ships first version of Essbase Online Analytical processing OLAP software
  • 1995 - Due to the success of the "Hyperion" product IMRS changes name to "Hyperion Software Corporation" and the name of the product is changed to "Hyperion Enterprise." Arbor becomes a publicly held company[4]
  • 1997 - Arbor acquires Appsource[5]
  • 1998 - Hyperion Software merges with Arbor and the combined company is renamed Hyperion Solutions[6]
  • 1999 - Jeffrey Rodek named as Hyperion Chairman and CEO of Hyperion. Hyperion acquires Sapling Corporation (Enterprise Performance Management applications)
  • 2001 - Godfrey Sullivan is named Hyperion President and COO
  • 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)[7] and appoints Northdoor as a reseller in the UK and Ireland.[8]
  • 2006 - Hyperion acquires UpStream (Financial Data Quality Management)[9]
  • 2006 - Hyperion acquires Beatware (Data visualization for Web and Mobile Devices)[10]
  • 2007 - Hyperion acquires Decisioneering (Crystal Ball software).[11] Oracle announces agreement to acquire Hyperion for USD 3.3 Billion and Hyperion applications (Planning and Close suite solutions) become strategic "go forward" applications for Oracle and Hyperion BI tools are bundled into Oracle Business Intelligence Enterprise Edition Plus
  • 2013 - Oracle extends Premier Support for the current version of most Hyperion products (v11.1.2.x) to 2018.[12]

BI market

Vendors in the business intelligence space are often categorized into:

Group Consolidation

Group consolidation specialize for finance users are a specialization of BI market. Microsoft Excel is the market leader in this area. The increase in level of Multiway Data Analysis correlate with the cost and time of consolidation. Hyperion Enterprise and Oracle HFM are examples of application to support more complex consolidation requirements.

Well-known BI market surveys and analyses include:

  • Gartner's BI Magic Quadrant - In 2007, Gartner placed Hyperion in its "Leader" quadrant for both Business Intelligence Platforms and Corporate Performance Management.
  • Business Application Research Center (BARC)'s The BI Survey and The BI Verdict (formerly The OLAP Report)[15]

Products

Hyperion software products include:

  • Essbase
  • Hyperion Intelligence and SQR Production Reporting (products acquired in 2003 takeover of Brio Technology)
  • Hyperion Enterprise
  • Hyperion Planning
  • Hyperion Strategic Finance
  • Hyperion Financial Data Management
  • Hyperion Enterprise Performance Management Architect
  • Hyperion Financial Close Management
  • Hyperion Disclosure Management
  • Hyperion Performance Scorecard
  • Hyperion Business Modelling
  • Hyperion Financial Management
  • Hyperion Master Data Management/Oracle Data Relationship Management
  • Hyperion Financial Reporting
  • Hyperion Web Analysis
  • Hyperion SmartView
  • Hyperion EPM Workspace
  • Hyperion Profitability and Cost Management
  • Hyperion System 9 BI+ (a combination of Interactive Reporting, SQR, Web Analysis, Financial Reporting, EPM Workspace and SmartView)
  • Hyperion Financial Data Quality Management (Also referred to as FDM EE)
  • Hyperion Tax Provision
  • Planning Budgeting Cloud Service
  • Enterprise Performance Reporting Cloud Service

References

  1. ^ [1] Archived March 3, 2007, at the Wayback Machine
  2. ^ Oracle Buys Enterprise Performance Management Leader Hyperion Template:Wayback, March 1, 2007, Oracle Press Release
  3. ^ [2] Archived May 14, 2008, at the Wayback Machine
  4. ^ Willis, Clint (1998-05-10). "Buried Treasures". Forbes.
  5. ^ "Hyperion Spins Off Appsource; Goes For Ms Olap Space". Findarticles.com. 1999-02-09. Retrieved 2011-07-11.
  6. ^ Luening, Erich (May 26, 1998). "Arbor Software, Hyperion merge". CNET News.
  7. ^ "Hyperion Acquires Razza Solutions; Delivers Master Data Management for Business Performance Management". Information Management. January 26, 2005.
  8. ^ "Hyperion Appoints Northdoor To Distribute Entire Business Performance Management Portfolio". SourceWire. Retrieved 2012-10-02.
  9. ^ Havenstein, Heather (April 20, 2006). "Hyperion to acquire data-quality vendor UpStream Software". Computerworld.
  10. ^ "Q2 2007 Hyperion Earnings Conference Call". January 23, 2007.
  11. ^ "Hyperion to Acquire Decisioneering". Information Management. January 24, 2007.
  12. ^ "Oracle Lifetime Support Policy" (PDF). September 2013.
  13. ^ Weier, Mary Hayes (April 12, 2008). "How To Choose Among The Four Bright Lights Of BI". InformationWeek.
  14. ^ Weier, Mary Hayes (November 12, 2007). "What IBM's Cognos Acquisition Means For The BI Market And Its Customers".
  15. ^ "The BI Survey 9". Retrieved October 19, 2010.
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