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 and business performance management markets, and were developed and sold as Oracle Hyperion products. Hyperion Solutions was formed from the merger of Hyperion Software 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
1991 - IMRS becomes a public company and launches a Windows-based successor to 'Micro Control' called 'Hyperion'
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
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
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 and appoints Northdoor as a reseller in the UK and Ireland.
2006 - Hyperion acquires UpStream
2006 - Hyperion acquires Beatware
2007 - Hyperion acquired Decisioneering.
Oracle Corporation announced on March 1, 2007 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 division of Oracle. Oracle extended support for most Hyperion products to 2018. Hyperion BI tools were bundled into Oracle Business Intelligence Suite Enterprise Edition.
Market
Vendors in the business intelligence space are often categorized into:
Group consolidation specialize for finance users are a specialization of BI market. Microsoft Excel is the market leader in this area. The increase in level of Multiway Data Analysis correlate with the cost and time of consolidation. Hyperion Enterprise and Oracle HFM are examples of application to support more complex consolidation requirements. BI market surveys and analyses include:
