Hyperion Solutions Corporation was a software company located in

Santa Clara, California Santa Clara ( ; Spanish language, Spanish for "Clare of Assisi, Saint Clare") is a city in Santa Clara County, California. The city's population was 127,647 at the 2020 United States census, 2020 census, making it the List of cities and towns i ...

, which was acquired by

Oracle Corporation Oracle Corporation is an American Multinational corporation, multinational computer technology company headquartered in Austin, Texas. Co-founded in 1977 in Santa Clara, California, by Larry Ellison, who remains executive chairman, Oracle was ...

in 2007. Many of its products were targeted at the

business intelligence Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. Common functions of BI technologies include Financial reporting, reporting, online an ...

(BI) and

business performance management Business performance management (BPM) (also known as corporate performance management (CPM) enterprise performance management (EPM),) is a management approach which encompasses a set of processes and analytical tools to ensure that a business o ...

markets, and were developed and sold as Oracle Hyperion products. Hyperion Solutions was formed from the merger of ''Hyperion Software'' (formerly IMRS) 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' * 1992 - Arbor Software ships first version of

Essbase Essbase is a multidimensional database management system (MDBMS) that provides a platform upon which to build analytic applications. Essbase began as a product from Arbor Software, which merged with Hyperion Software in 1998. Oracle Corporation ...

Online Analytical processing

OLAP In computing, online analytical processing (OLAP) (), is an approach to quickly answer multi-dimensional analytical (MDA) queries. The term ''OLAP'' was created as a slight modification of the traditional database term online transaction processi ...

software * 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 A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (li ...

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 Technology and The Alcar Group * 2004 - Hyperion names Jeffrey Rodek Executive Chairman; Godfrey Sullivan President and CEO * 2005 - Hyperion acquires Razza Solutions (

Master data management Master data management (MDM) is a discipline in which business and information technology collaborate to ensure the uniformity, accuracy, stewardship, semantic consistency, and accountability of the enterprise's official shared master data assets. ...

) and appoints Northdoor as a reseller in the UK and Ireland. * 2006 - Hyperion acquires UpStream (Financial Data Quality Management) * 2006 - Hyperion acquires Beatware (Data visualization for Web and Mobile Devices) * 2007 - Hyperion acquired Decisioneering (Crystal Ball software).

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 (v11.1.2.x) 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: * The consolidated big four "megavendors", which include Oracle Hyperion as well as

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BusinessObjects,

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

Cognos Cognos Incorporated was an Ottawa, Ontario-based company making business intelligence (BI) and performance management (PM) software. Founded in 1969, at its peak Cognos employed almost 3,500 people and served more than 23,000 customers in over ...

, and

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

BI. * The independent "pure-play" vendors, the largest being

MicroStrategy MicroStrategy Incorporated, doing business as Strategy, is an American development company that provides business intelligence (BI), mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spah ...

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, QlikView and SAS.

Products

Hyperion software products included: *

* Hyperion Intelligence and SQR Production Reporting (products acquired in 2003 takeover of Brio Technology) * Hyperion Enterprise * Hyperion Planning * Hyperion Strategic Finance * Hyperion Financial Data Management * Hyperion Enterprise Performance Management Architect * Hyperion Financial Close Management * Hyperion Account Reconciliation * Hyperion Disclosure Management * Hyperion Performance Scorecard * Hyperion Business Modelling * Hyperion Financial Management * Hyperion Master Data Management/Oracle Data Relationship Management * Hyperion Financial Reporting * Hyperion Web Analysis * Hyperion SmartView * Hyperion EPM Workspace * Hyperion Profitability and Cost Management * Hyperion System 9 BI+ (a combination of Interactive Reporting, SQR, Web Analysis, Financial Reporting, EPM Workspace and SmartView) * Hyperion Financial Data Quality Management (also referred to as FDMEE, for Enterprise Edition) * Hyperion Tax Provision * Planning Budgeting Cloud Service * Enterprise Performance Reporting Cloud Service

References

External links

*
The Hyperion Developer Network

Hyperion Press Kit
{{Oracle Software companies based in the San Francisco Bay Area Software companies established in 1981 Defunct software companies of the United States Oracle acquisitions Business software companies Companies based in Santa Clara, California 2007 mergers and acquisitions