Oracle is to buy performance management software provider Hyperion Solutions for £1.73bn cash, as part of its latest attempt to usurp rival ERP supplier SAP.
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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.”
Oracle president Charles Phillips said, "Hyperion is the latest move in our strategy to expand Oracle's offerings to SAP customers. Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system of record.
“Oracle already has PeopleSoft HR, Siebel CRM, G-Log, Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed at SAP's largest ERP customers.
Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyse their underlying SAP ERP data," said Phillips.
Hyperion has 12,000 customers, including over 90 of the US Fortune 100, said Oracle. The acquisition is expected to close next month.
More information on the deal can be viewed at:
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