 "Oracle Acquires Hyperion")
Oracle recently announced its decision to buy Hyperion Solutions, a provider of performance management software solutions for approximately $3.3 billion.
According to the company, the acquisition of Hyperion makes Oracle gain competitive advantage in the high growth enterprise performance management market. Hyperion’s EPM (Enterprise Performance Management) software coupled with Oracle’s Business Intelligence (BI) tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting.
“Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system of record. Oracle already has PeopleSoft HR, Siebel CRM, G-Log, Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed at SAP’s largest ERP customers. Now Oracle’s Hyperion software will be the lens through which SAP’s most important customers view and analyze their underlying SAP ERP data,” said Oracle president Charles Phillips
“We expect this transaction to be accretive to Oracle’s earnings on a non-GAAP basis by at least one cent per share in fiscal year 2008 and by at least four cents per share in fiscal 2009,” said Oracle president and CFO, Safra Catz.
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