Hyperion Solutions
- Not to be confused with the software company Hyperion Entertainment.
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 (BI) and business performance management markets, and as of 2011[update] are still actively developed and sold by Oracle as Oracle Hyperion products.
Hyperion Solutions formed from the merge 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 subsidiary of Oracle.[3]
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
- 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 - IMRS changes name to Hyperion Software Corporation. 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]
- 2006 - Hyperion acquires UpStream (Financial Data Quality Management)[8]
- 2007 - Hyperion acquires Decisioneering (Crystal Ball software).[9] Oracle announces agreement to acquire Hyperion for USD 3.3 Billion and bundles Hyperion BI tools into Oracle Business Intelligence Enterprise Edition Plus
BI market
Vendors in the business intelligence space are often categorized into:
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)[12]
Products
Hyperion software products include:
- Essbase
- Hyperion System 9 BI+
- Hyperion Intelligence (products acquired in 2003 takeover of Brio Technology)
- Hyperion Enterprise
- Hyperion Planning
- Hyperion Strategic Finance
- Hyperion Financial Management
- Hyperion Master Data Management
- Hyperion Financial Reporting
- Hyperion SmartView
- Hyperion Financial Data Quality Management (Also referred to as FDM)
References
- ^ [1]
- ^ http://www.businessweek.com/ap/financialnews/D8NJDLG01.htm
- ^ [2]
- ^ Willis, Clint (10.05.1998). "Buried Treasures". Forbes. http://www.forbes.com/asap/1998/1005/067.html.
- ^ "Hyperion Spins Off Appsource; Goes For Ms Olap Space". Findarticles.com. 1999-02-09. http://findarticles.com/p/articles/mi_m0CGN/is_1999_Feb_9/ai_53910291/. Retrieved 2011-07-11.
- ^ Luening, Erich (May 26, 1998). "Arbor Software, Hyperion merge". CNET News. http://news.cnet.com/Arbor-Software,-Hyperion-merge/2100-1001_3-211517.html.
- ^ "Hyperion Acquires Razza Solutions; Delivers Master Data Management for Business Performance Management". Information Management. January 26, 2005. http://www.information-management.com/news/1018391-1.html.
- ^ Havenstein, Heather (April 20, 2006). "Hyperion to acquire data-quality vendor UpStream Software". Computerworld. http://www.computerworld.com/s/article/110706/Hyperion_to_acquire_data_quality_vendor_UpStream_Software.
- ^ "Hyperion to Acquire Decisioneering". Information Management. January 24, 2007. http://www.information-management.com/news/1074569-1.html.
- ^ Weier, Mary Hayes (April 12, 2008). "How To Choose Among The Four Bright Lights Of BI". InformationWeek. http://www.informationweek.com/news/business_intelligence/information_mgt/showArticle.jhtml?articleID=207101021.
- ^ Weier, Mary Hayes (November 12, 2007). "What IBM's Cognos Acquisition Means For The BI Market And Its Customers". http://www.informationweek.com/news/global-cio/showArticle.jhtml?articleID=202805190.
- ^ "The BI Survey 9". http://www.bi-survey.com/about-us.html. Retrieved October 19, 2010.
External links