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Hyperion Solutions Corporation is an organization that specializes in business performance management solutions products. The products are specifically developed for the areas like business intelligence and business performance management. This organization was bought over by Oracle Corporation in 2007 and Oracle has since then, been actively promoting and selling the products of Hyperion Solutions.
The organization has added many feathers to its cap and among those, the most notable recognition came along in 2007 when Gartner placed the organization in the Leader quadrant for both the performance management in the corporate sector and business intelligence areas.
Hyperion Solutions Corporation was founded in the year 1981 under the name of IMRS which developed management and financial consolidation software known as Micro Control under the supervision of Marco Arese and Bob Thompson. In 1991, IMRS became a public company and launched a windows based program called Hyperion.
Hyperion became the successor to Micro Control. In 1992, Arbor Software rolled out the first ever version of the Essbase Online Analytical processing software. In 1998, Arbor is merged with Hyperion and the combined entity is renamed as Hyperion Corporation.
Thus was born one of the most successful product companies. Hyperion made many acquisitions on its way to becoming one of the most successful business enterprises. In 2007, Oracle announced the acquisition of Hyperion for an estimated 3.3 billion dollars in cash.
The main competitor of Hyperion is the SAP business objects.
The main products of Hyperion software include the following:
Essbase
Hyperion System 9 BI +
Hyperion Intelligence (this comprises products that was formerly made by the Brio Technology, and was acquired in the year 2003)
Hyperion Enterprise
Hyperion Planning
Hyperion Strategic Finance
Hyperion Financial Management
Hyperion Master Data Management
The Hyperion planning product enables the business enterprises to plan the total resources of an enterprise. This enables an enterprise to manage the total cost of running an enterprise more effectively. The business manager can keep a control on the resources and how they can be optimized.
The Strategic finance suite of products enables a company to manage each and every area of corporate finance more efficiently. This gives the Chief Executive Officer or the Chief Financial Officer the ability to see the information on the various areas of corporate finance very clearly. This enhances their ability to take quick and well-informed decisions.
Hyperion has made rapid strides in its overall product management and in the overall domain of business performance management. That a world class product organization like Oracle expressed its interest in buying over the company goes to show the value of the suite of products it has developed.
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Source by Francois J Muscat