Hyperion to buy UpStream for improved data quality management

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Hyperion to buy UpStream for improved data quality management

Tash Shifrin

Business performance management software firm Hyperion Solutions is to buy privately owned UpStream Software.

UpStream makes a data readiness and guided workflow application used to track the movement of financial information. The acquisition will allow Hyperion to deliver a packaged solution for financial data quality management.

Hyperion chief executive Godfrey Sullivan said, “Adding financial data quality management is a logical extension to the value Hyperion provides its customers. By offering UpStream technology as part of our BPM system, we roll out a proven solution.”
 
Upstream co-founder and chief executive Tom Shea said, “We entered this market because we saw the perfect storm of compliance requirements, financial system complexity and increasingly dynamic global market conditions creating a need for a robust financial data quality solution.

"As part of Hyperion’s business performance management system, this solution will provide value to a far greater number of global businesses.”

 


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