Hyperion Solutions
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(Redirected from Hyperion Solutions Corporation)
- Not to be confused with the software company Hyperion Entertainment.
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| Former type | Public (NASDAQ: HYSL) |
|---|---|
| Fate | merger |
| Successor | Oracle Corporation |
| Founded | 1981 |
| Defunct | 2007 |
| Headquarters | Santa Clara, CA, USA |
| Key people | Godfrey R. Sullivan, President and Chief Executive Officer |
| Industry | Business Performance Management and Business Intelligence |
| Revenue | $765.2 million USD (2006) |
| Employees | 2,607 (2005) |
| Website | 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[update] 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 .[1][2] The transaction was completed on April 18, 2007.[3]
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
[edit] History
- 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
- 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.
