The New Hyperion - Ally for Performance & Accountability
Hyperion Solutions, the leader in business performance management, unveiled the new look company overnight following the
completion of its acquisition of business intelligence provider, Brio.
Grant Greentree, managing director of Hyperion Solutions Australia and New Zealand, summarised what this would mean for
the Australian market:
"The integration of Hyperion and Brio means our local operation has almost doubled in size providing us with more
resource and expertise to better service businesses in Australia and New Zealand. Our combined offering provides the
full spectrum of query, reporting and analysis tools that allows companies to gain the type of business clarity required
to make informed decisions and to meet new international requirements such as the Sarbanes-Oxley Act and the
International Accounting Standards. As a result, customers will benefit from the software industry's broadest solution
set for achieving corporate transparency, accountability and improved performance,"
said Grant Greentree, managing director, Hyperion Australia and New Zealand.
"While we already share a number of customers, there is definitely potential to cross-sell between the two client bases.
Hyperion is the leader in Business Performance Management globally, we are very excited to be able to continue to build
our presence in Australia," Greentree added.
Key Points:
- Australian operations doubled in size
- Full spectrum of query, reporting and analysis now possible
- Potential to cross sell to customer base
- New products due early 2004
For more information or if you would like to speak with Grant Greentree, please contact Claire Hosegood on: (02) 9976
6611 or claire@kinetics.com.au.
THE NEW HYPERION: COMPANIES GAIN A POWERFUL ALLY IN IMPROVING BUSINESS PERFORMANCE
SUNNYVALE, Calif., October 28, 2003 - Companies challenged by a business climate that simultaneously demands improved
performance and also increased transparency and accountability gained a vital resource today with the debut of the new
Hyperion (Nasdaq: HYSL). As a result of the completion of Hyperion's acquisition of Brio Software and the unveiling of
the new, combined company, Hyperion is offering highly scalable, easy to use business intelligence software at the same
time it extends its leadership as the largest provider of Business Performance Management solutions.
"We've dedicated the past three months to planning the integration of two companies that from the very start had
complementary cultures, products and technologies," said Jeff Rodek, chairman and CEO for Hyperion. "As a result,
customers benefit from the software industry's broadest solution set for achieving corporate transparency,
accountability and improved performance."
Breakthrough Performance Everywhere
Hyperion solutions can reach tens of thousands of people, covering every corner of an organization and cost-effectively
aligning the enterprise through shared goals, strategies, plans and a single version of the truth. Customers use
Hyperion solutions to enhance performance and accountability and to improve a gamut of activities ranging from cascading
sign-off of quarterly financial results to workforce performance management to analysing profitability by geography,
product line or customer.
"We were pleased to learn of Hyperion's acquisition of Brio," said Bryan Webb, senior director of global finance for
Vignette Corporation. "We are dependent on both products and using both very successfully. With both products now under
the same umbrella-Brio's power and scalability in pulling a lot of data out of our ERP system and the horsepower behind
the Hyperion Essbase engine for building applications-functionality and integration can only get better, extending our
capability for analysis and reporting."
Start Anywhere
Customers are enthusiastic about the combination of Hyperion and Brio technology because it offers them the opportunity
to "start anywhere" in implementing their Business Performance Management strategy and to introduce additional
capabilities as needed.
Adopting a query and reporting solution is often the first step companies take to unlock and disseminate information
trapped in their transactional systems, such as ERP, CRM and databases. With the new Hyperion, customers will for the
first time be able to directly query transactional data sources and then marry that information to the software they use
for day-to-day operational and financial planning, scorecarding and dashboards for forecasting and monitoring.
"The combination of Hyperion and Brio platform technologies supports the full spectrum of query, reporting and
analysis," said Rodek. "Customers can start with whatever they want and adopt other solutions as their needs change, all
from a single strategic vendor."
Product Roadmap
Since announcing the acquisition in July, dedicated teams have worked on all aspects of product integration. Hyperion
has embraced former Brio brands, so products now carry names such as Hyperion Intelligence, Hyperion SQR, Hyperion
Metrics Builder and Hyperion Performance Suite.
Hyperion is committed to continuing development of products formerly developed by Brio. New versions of the platform
products remain on target for an early 2004 debut. The new Hyperion development teams are focused on three areas of
product integration:
· Integrating Hyperion Performance Suite products with Hyperion's suite-based Business Performance Management
applications. By combining financial data from Hyperion applications with operational data from transactional systems,
users will gain rapid insight into the financial impact of operational decisions at the corporate or line of business
level.
· Combining the capabilities of Hyperion Metrics Builder with the Hyperion platform to deliver a single metrics
management solution that includes scorecarding, prepackaged and custom dashboards and activity monitoring. Hyperion
plans to increase access to performance information to optimise discovery, insight and action. With consistent
definitions for performance measurement across the organization, companies can align operating units with corporate
goals and strategies and share a single version of the truth.
· Integrating Hyperion and former Brio platform technologies to address the full spectrum of query, reporting and
analysis. Hyperion's goal is to break down technical and organizational barriers to information access. Not only does
Hyperion's approach reduce the time to implement, the cost to maintain and the increments in which the system can be
built, it increases productivity, collaboration, visibility and consistency of information and performance.
Hyperion plans to disclose its product roadmap later this year and launch its new platform in the first calendar quarter
of 2004.
Partners at the Ready
With access to the broadest set of interoperable applications from a single vendor, partners of the new Hyperion can now
provide more comprehensive Business Performance Management solutions to an expanded set of companies.
"Prior to the acquisition, Teradata had partnerships with both Hyperion and Brio Software. We believe that the
combination of Hyperion's Business Performance Management expertise and Brio's business intelligence technology provides
exceptional value to our Enterprise Data Warehouse customers," said Mark Howell, VP Global Alliances, Teradata, "We look
forward to working with the new Hyperion to drive our joint initiative linking Business Performance Management to
enterprise data warehousing."
Hyperion's partner network of more than 600 members is a who's who of technology and systems integration companies,
including Accenture, BEA, BearingPoint, Cap Gemini Ernst & Young, Deloitte, Hewlett Packard, IBM, Lawson and Teradata.
Ready for Business
Hyperion has successfully consolidated its operational, systems, support and sales teams to continue to provide a
consistently high quality experience to customers. Hyperion has focused on delivering:
· Seamless access to technical support, providing Hyperion's new and existing customers with the same telephone and
electronic support offerings.
· An expanded education curriculum that has been integrated across the entire product suite with one-stop customer
registration.
· Services teams that are integrated following Hyperion's world-class implementation, project management and quality
assurance processes.
"Hyperion and Brio integration efforts have proceeded with minimal disruption to customers, employees, product
development and day-to-day operations. We're aiming for the highest customer satisfaction in our industry and have the
right team and products to achieve it. The new Hyperion is ready for business," said Rodek.
About Hyperion Hyperion is the global leader in Business Performance Management software. More than 9,000 customers rely
on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and
operational performance. Hyperion combines the most complete set of interoperable applications with the leading business
intelligence platform to support and create Business Performance Management solutions. A network of more than 600
partners provides the company's innovative and specialized solutions and services.
Headquartered in Sunnyvale, California, Hyperion employs approximately 2,600 people in 20 countries and is represented
in 25 additional countries through distributor relationships. Hyperion, together with recently acquired Brio Software
Inc., generated combined annual revenues of $612 million for the 12 months ending June 30, 2003. Hyperion is traded
under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call
800 286 8000 (U.S. only).
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Safe Harbour Statement
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 13, 2003. The company does not undertake an obligation to
update its forward-looking statements to reflect future events or circumstances.
Hyperion is a registered trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned
are the property of their respective owners.
ENDS