Hyperion to buy UpStream for improved data quality management

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

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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