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Hyperion Positioned in Visionary Quadrant for Business Intelligence Platforms

  • 02 February, 2006 12:16

<p>Hyperion (Nasdaq: HYSL), recently positioned in the leader quadrant of Gartner Inc.’s Magic Quadrant for Corporate Performance Management (CPM) Suites, published 4 November 2005, today announced that it has also been named to the visionary quadrant in the firm’s newly released Magic Quadrant for Business Intelligence Platforms, published 9 January 2006. The Hyperion BI Platform was evaluated on “completeness of vision” and its “ability to execute” in the Gartner report.</p>
<p>According to Gartner, they expect the BI platform market to continue to grow at a solid pace during the next five years. Organisations are increasing their spending, particularly as BI evolves from its reactive departmental roots to become more pervasive and strategic. The firm also predicts that the long-term prospects for the market look solid, especially as large organisations embrace corporate performance management and work to comply with various government regulations. Traditionally, BI was just for senior executives and analysts, but many enterprises are extending their BI platform capabilities throughout the organisation to operational workers and managers.</p>
<p>Hyperion System 9 delivers on the vision of a Business Performance Management system that is one of the first to break down the barrier between business and IT; is one of the first to make it possible for everyone within the enterprise to learn and use BI; and is one of the first to integrate a BI platform with financial management applications.</p>
<p>“Our success in performance management is directly tied to our capabilities in Business Intelligence and, particularly, our BI advances in Hyperion System 9,” said Heidi Melin, chief marketing officer for Hyperion. “Hyperion System 9 BI+ helps our users quickly and intuitively report against relational and multidimensional sources in one session, using one interface. We’re also delivering the broadest BI functionality through the integration of reporting with financial management applications in Hyperion System 9. Now, customers are not forced to choose between a great BI platform and a seamless path to performance management.”</p>
<p>Hyperion BI+, as part of Hyperion System 9, also works with Hyperion Master Data Management (MDM) Services to provide consistent master data definitions across the enterprise, and allows business users to directly manage complex, rapidly changing master data. Hyperion is the only Business Performance Management company to offer such capabilities.</p>
<p>According to Gartner, visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimising service delivery.</p>
<p>Reference</p>
<p>Magic Quadrant for CPM Suites, 2005, N. Rayner, F. Buytendijk, L. Geishecker, November 4, 2005; Magic Quadrant for Business Intelligence Platforms, K. Schlegel, B. Hostmann, A. Bitterer, B. Burton, January 9, 2006.</p>
<p>About The Magic Quadrant</p>
<p>The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.</p>
<p>About Hyperion</p>
<p>Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organise and analyse it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company’s innovative and specialised solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.</p>
<p>Safe Harbor Statement</p>
<p>Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on August 31, 2005 and the report on Form 10-Q filed on May 10, 2005. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.</p>
<p>“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.</p>
<p>Media Contact
John Back
Kinetics
(02)9212-3848
john@kinetics.com.au</p>

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