Oracle has agreed to buy Hyperion Solutions, in a deal
thought to be worth over £1.6bn.
Hyperion is a provider of performance management software
solutions and Oracle believes that the acquisition will make it top
dog in the enterprise performance management market.
Oracle CEO Larry Ellison, said, "Hyperion's EPM software coupled
with Oracle's Business Intelligence (BI) tools and analytic
applications form an end-to-end performance management system that
includes planning, budgeting, consolidation, operational analytics
and compliance reporting."
"Requirements for performance management and business
intelligence solutions are increasingly converging," added Hyperion
chief executive officer Godfrey Sullivan.
"Given the critical need for managers across the enterprise to
align operational decisions with strategy, now is the right time
for Hyperion to combine with a strategic partner like Oracle to
deliver the first, integrated end-to-end Enterprise Performance
Management System."
The deal is hugely significant in the battle between Oracle and
SAP in the BI space. A significant number of SAP customers rely on
Hyperion as their financial consolidation, analysis and reporting
system of record. Oracle boasts that via the newly acquired
Hyperion software, its product will be the lens through which SAP's
most important customers view and analyse their underlying SAP
data.
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