Hyperion Solutions
Encyclopedia
Hyperion Solutions Corporation was a business performance management
software company, located in Santa Clara, California
, USA, 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 are still actively developed and sold by Oracle as Oracle Hyperion products.
Hyperion Solutions formed from the merge of Hyperion Software (formerly IMRS) and Arbor Software in 1998.
Oracle Corporation
announced on March 1, 2007 that it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash. The transaction was completed on April 18, 2007 and Hyperion now operates as a subsidiary of Oracle.
Well-known BI market surveys and analyses include:
Business performance management
Business performance management is a set of management and analytic processes that enable the management of an organization's performance to achieve one or more pre-selected goals...
software company, located in Santa Clara, California
Santa Clara, California
Santa Clara , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. The city is the site of the eighth of 21 California missions, Mission Santa Clara de Asís, and was named after the mission. The Mission and Mission Gardens are located on the...
, USA, which was acquired by Oracle Corporation
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
in 2007. Many of its products were targeted at the business intelligence
Business intelligence
Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
(BI) and business performance management
Business performance management
Business performance management is a set of management and analytic processes that enable the management of an organization's performance to achieve one or more pre-selected goals...
markets, and are still actively developed and sold by Oracle as Oracle Hyperion products.
Hyperion Solutions formed from the merge of Hyperion Software (formerly IMRS) and Arbor Software in 1998.
Oracle Corporation
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
announced on March 1, 2007 that it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash. The transaction was completed on April 18, 2007 and Hyperion now operates as a subsidiary of Oracle.
Timeline
- 1981 - IMRS founded by Bob Thomson and Marco Arese, and launches financial and management consolidation software called 'Micro Control' in 1983
- 1985 - IMRS hires Jim Perakis as CEO; he remains in this position during growth from $1M to almost $300M
- 1991 - IMRS becomes a public company and launches a Windows-based successor to 'Micro Control' called 'Hyperion'
- 1992 - Arbor Software ships first version of EssbaseEssbaseEssbase is a multidimensional database management system that provides a multidimensional database platform upon which to build analytic applications. Essbase, whose name derives from "Extended Spread Sheet dataBASE", began as a product of Arbor Software, which merged with Hyperion Software in 1998...
Online Analytical processing OLAPOLAPIn computing, online analytical processing, or OLAP , is an approach to swiftly answer multi-dimensional analytical queries. OLAP is part of the broader category of business intelligence, which also encompasses relational reporting and data mining...
software - 1995 - IMRS changes name to Hyperion Software Corporation. Arbor becomes a publicly heldInitial public offeringAn initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
company - 1997 - Arbor acquires Appsource
- 1998 - Hyperion Software merges with Arbor and the combined company is renamed Hyperion Solutions
- 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 TechnologyBrio TechnologyBrio Technology was a San Francisco Bay area software company cofounded in 1984 by Yorgen Edholm and Katherine Glassey. The company is best known for their business intelligence software systems, starting with DataPivot on the Apple Macintosh. Brio Software was acquired by Hyperion in 2003...
and The Alcar Group - 2004 - Hyperion names Jeffrey Rodek Executive Chairman; Godfrey Sullivan President and CEO
- 2005 - Hyperion acquires Razza Solutions (Master data managementMaster Data ManagementIn computing, master data management comprises a set of processes and tools that consistently defines and manages the non-transactional data entities of an organization...
) - 2006 - Hyperion acquires UpStream (Financial Data Quality Management)
- 2007 - Hyperion acquires Decisioneering (Crystal Ball software). Oracle announces agreement to acquire Hyperion for USD 3.3 Billion and bundles Hyperion BI tools into Oracle Business Intelligence Enterprise Edition PlusOracle Business Intelligence Suite Enterprise EditionOracle Business Intelligence Enterprise Edition Plus, also known as OBI EE Plus, is Oracle's set of business intelligence tools consisting of former Siebel business intelligence and Hyperion business intelligence offerings....
BI market
Vendors in the business intelligence space are often categorized into:- The consolidated big four "megavendors", which include Oracle Hyperion as well as SAPSAP AGSAP AG is a German software corporation that makes enterprise software to manage business operations and customer relations. Headquartered in Walldorf, Baden-Württemberg, with regional offices around the world, SAP is the market leader in enterprise application software...
BusinessObjects, IBMIBMInternational Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
CognosCognosCognos was an Ottawa, Ontario-based company making business intelligence and performance management software. Founded in 1969, at its peak Cognos employed almost 3,500 people and served more than 23,000 customers in over 135 countries.Originally Quasar Systems Limited, it adopted the Cognos...
, and MicrosoftMicrosoftMicrosoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
BI. - The independent "pure-play" vendors, the largest being MicroStrategyMicroStrategyMicroStrategy, Inc. , is a business intelligence software vendor. MicroStrategy's software enables leading organizations worldwide to analyze the vast amounts of data stored across their enterprises to make more strategic business decisions...
and SAS.
Well-known BI market surveys and analyses include:
- GartnerGartnerGartner, Inc. is an information technology research and advisory firm headquartered in Stamford, Connecticut, United States. It was known as GartnerGroup until 2001....
's BI Magic Quadrant - In 2007, Gartner placed Hyperion in its "Leader" quadrant for both Business Intelligence Platforms and Corporate Performance Management. - Business Application Research Center (BARC)'s The BI Survey and The BI Verdict (formerly The OLAP Report)
Products
Hyperion software products include:- EssbaseEssbaseEssbase is a multidimensional database management system that provides a multidimensional database platform upon which to build analytic applications. Essbase, whose name derives from "Extended Spread Sheet dataBASE", began as a product of Arbor Software, which merged with Hyperion Software in 1998...
- Hyperion System 9 BI+
- Hyperion Intelligence (products acquired in 2003 takeover of Brio TechnologyBrio TechnologyBrio Technology was a San Francisco Bay area software company cofounded in 1984 by Yorgen Edholm and Katherine Glassey. The company is best known for their business intelligence software systems, starting with DataPivot on the Apple Macintosh. Brio Software was acquired by Hyperion in 2003...
) - Hyperion Enterprise
- Hyperion PlanningHyperion PlanningHyperion Planning is a budgeting and forecasting application from Oracle formerly owned by Hyperion Solutions Corporation. Hyperion Planning uses Essbase as a database and calculation engine, a relational repository for business logic, and includes a web-based user interface.Hyperion Solutions...
- Hyperion Strategic Finance
- Hyperion Financial Management
- Hyperion Master Data Management
- Hyperion Financial Reporting
- Hyperion SmartView
- Hyperion Financial Data Quality Management (Also referred to as FDM)