Hyperion Solutions
{{short description|American software company}}
{{distinguish |text= the Amiga-focused software company Hyperion Entertainment or the Hyperion computer}}
{{Infobox company
| name = Hyperion Solutions Corporation
| logo = Hyperion Solutions logo.svg
| logo_upright = 0.75
| image = Hyp1.jpg
| image_caption = Headquarters in Santa Clara, California
| traded_as = ({{NASDAQ was|HYSL}})
| fate = Acquired by Oracle Corporation
| foundation = 1981
| defunct = 2006
| location = Santa Clara, California, United States
| key_people = Godfrey R. Sullivan
{{small|(President and CEO)}}
| industry = Software
| products = Business intelligence tools
Business performance management tools
}}
Hyperion Solutions Corporation was a software company located in Santa Clara, California, which was acquired by Oracle Corporation in 2007. Many of its products were targeted at the business intelligence (BI) and business performance management markets, and {{As of|2013|lc=on}} were developed and sold as Oracle Hyperion products.
Hyperion Solutions was formed from the merger of Hyperion Software (formerly IMRS) and Arbor Software in 1998.
History
- 1981 - IMRS founded by Bob Thomson and Marco Arese
- 1983 - IMRS launches financial and management consolidation software called "Micro Control"
- 1985 - IMRS hires Jim Perakis as CEO; he remains in this position during growth from $1M to almost $300M{{citation|author1= Kathy Williams|author2=James Hart|title=Hyperion: Software Titan," Management Accounting|date=September 1995|pages=75–78|url=http://www.fundinguniverse.com/company-histories/hyperion-software-corporation-history/}}
- 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 - Due to the success of the "Hyperion" product IMRS changes name to "Hyperion Software Corporation" and the name of the product is changed to "Hyperion Enterprise." Arbor becomes a publicly held company{{cite news |url=https://www.forbes.com/asap/1998/1005/067.html |title=Buried Treasures |last=Willis |first=Clint |date=1998-05-10 |work=Forbes}}
- 1997 - Arbor acquires Appsource{{cite web|url=http://findarticles.com/p/articles/mi_m0CGN/is_1999_Feb_9/ai_53910291/ |title=Hyperion Spins Off Appsource; Goes For Ms Olap Space |publisher=Findarticles.com |date=1999-02-09 |access-date=2011-07-11}}
- 1998 - Hyperion Software merges with Arbor and the combined company is renamed Hyperion Solutions{{cite web |url=http://news.cnet.com/Arbor-Software,-Hyperion-merge/2100-1001_3-211517.html |title=Arbor Software, Hyperion merge |work=CNET News |date=May 26, 1998 |last=Luening |first=Erich }}
- 1999 - Jeffrey Rodek named as Hyperion Chairman and CEO of Hyperion. Hyperion acquires Sapling Corporation (Enterprise Performance Management applications)
- 2001 - Godfrey Sullivan is named Hyperion President and COO
- 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){{cite web |url=http://www.information-management.com/news/1018391-1.html |title=Hyperion Acquires Razza Solutions; Delivers Master Data Management for Business Performance Management |date=January 26, 2005 |work=Information Management}} and appoints Northdoor as a reseller in the UK and Ireland.{{cite web|url=http://www.sourcewire.com/news/22938/hyperion-appoints-northdoor-to-distribute-entire-business-performance-management-portfolio |title=Hyperion Appoints Northdoor To Distribute Entire Business Performance Management Portfolio |publisher=SourceWire |access-date=2012-10-02}}
- 2006 - Hyperion acquires UpStream (Financial Data Quality Management){{cite web |url=http://www.computerworld.com/s/article/110706/Hyperion_to_acquire_data_quality_vendor_UpStream_Software |title=Hyperion to acquire data-quality vendor UpStream Software |date=April 20, 2006 |last=Havenstein |first=Heather |work=Computerworld}}
- 2006 - Hyperion acquires Beatware (Data visualization for Web and Mobile Devices){{cite web |url=http://www.accessmylibrary.com/coms2/summary_0286-29512565_ITM |title= Q2 2007 Hyperion Earnings Conference Call |date=January 23, 2007}}
- 2007 - Hyperion acquired Decisioneering (Crystal Ball software).{{cite web |url=http://www.information-management.com/news/1074569-1.html |title=Hyperion to Acquire Decisioneering |date=January 24, 2007 |work=Information Management}}
Oracle Corporation announced on March 1, 2007 it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash.[http://www.businessweek.com/ap/financialnews/D8NJDLG01.htm ] {{webarchive |url=https://web.archive.org/web/20070303073527/http://www.businessweek.com/ap/financialnews/D8NJDLG01.htm |date=March 3, 2007 }}[http://www.oracle.com/us/corporate/press/015972_EN Oracle Buys Enterprise Performance Management Leader Hyperion] {{webarchive |url=https://web.archive.org/web/20160921061716/http://www.oracle.com/us/corporate/press/015972_EN |date=September 21, 2016 }}, March 1, 2007, Oracle Press Release
The transaction was completed on April 18, 2007 and Hyperion now operates as a division of Oracle.[http://www.oracle.com/corporate/press/2007_apr/hyperion_closed.html ] {{webarchive |url=https://web.archive.org/web/20080514042414/http://www.oracle.com/corporate/press/2007_apr/hyperion_closed.html |date=May 14, 2008 }}
Oracle extended support for most Hyperion products (v11.1.2.x) to 2018.{{cite web |url=http://www.oracle.com/us/support/library/lifetime-support-applications-069216.pdf |title= Oracle Lifetime Support Policy |date=September 2013}}
Hyperion BI tools were bundled into Oracle Business Intelligence Suite Enterprise Edition.
Market
Vendors in the business intelligence space are often categorized into:
- The consolidated big four "megavendors", which include Oracle Hyperion as well as SAP BusinessObjects, IBM Cognos, and Microsoft BI.{{cite web |work=InformationWeek |url=http://www.informationweek.com/news/business_intelligence/information_mgt/showArticle.jhtml?articleID=207101021 |title=How To Choose Among The Four Bright Lights Of BI |date=April 12, 2008 |last=Weier |first=Mary Hayes}}
- The independent "pure-play" vendors, the largest being MicroStrategy, Tableau, QlikView and SAS.{{cite web |url=http://www.informationweek.com/news/global-cio/showArticle.jhtml?articleID=202805190 |title=What IBM's Cognos Acquisition Means For The BI Market And Its Customers |date=November 12, 2007 |last=Weier |first=Mary Hayes}}
Products
Hyperion software products included:
- Essbase
- Hyperion Intelligence and SQR Production Reporting (products acquired in 2003 takeover of Brio Technology)
- Hyperion Enterprise
- Hyperion Planning
- Hyperion Strategic Finance
- Hyperion Financial Data Management
- Hyperion Enterprise Performance Management Architect
- Hyperion Financial Close Management
- Hyperion Account Reconciliation
- Hyperion Disclosure Management
- Hyperion Performance Scorecard
- Hyperion Business Modelling
- Hyperion Financial Management
- Hyperion Master Data Management/Oracle Data Relationship Management
- Hyperion Financial Reporting
- Hyperion Web Analysis
- Hyperion SmartView
- Hyperion EPM Workspace
- Hyperion Profitability and Cost Management
- Hyperion System 9 BI+ (a combination of Interactive Reporting, SQR, Web Analysis, Financial Reporting, EPM Workspace and SmartView)
- Hyperion Financial Data Quality Management (also referred to as FDMEE, for Enterprise Edition)
- Hyperion Tax Provision
- Planning Budgeting Cloud Service
- Enterprise Performance Reporting Cloud Service
References
{{reflist}}
External links
- {{Official website|www.hyperion.com}}
- [http://dev.hyperion.com The Hyperion Developer Network]
- [http://www.hyperion.com/company/news/press_kit/fact_sheet/ Hyperion Press Kit]
{{Oracle}}
Category:Software companies based in the San Francisco Bay Area
Category:Software companies established in 1981
Category:Defunct software companies of the United States
Category:Business software companies