Hyperion Solutions Corporation is an organization that specializes in products for business performance management solutions. The products have been specially developed for areas such as business intelligence and business performance management. This organization was acquired by Oracle Corporation in 2007 and since then Oracle has actively promoted and sold Hyperion Solutions’ products.
The organization has added many feathers to its cap, and of these the most notable recognition came in 2007, when Gartner placed the organization in the Leader Quadrant for both corporate performance management and business intelligence.
Hyperion Solutions Corporation was founded in 1981 under the name IMRS and, under the supervision of Marco Arese and Bob Thompson, developed management and financial consolidation software called Micro Control. In 1991 IMRS became a public company and launched a Windows-based program called Hyperion.
Hyperion became the successor to Micro Control. In 1992, Arbor Software released the first version of the Essbase Online Analytical processing software. In 1998 Arbor is merged with Hyperion and the combined company is renamed Hyperion Corporation.
This is how one of the most successful product companies was born. Hyperion has made many acquisitions on the way to becoming one of the most successful companies. In 2007, Oracle announced the acquisition of Hyperion for an estimated $ 3.3 billion in cash.
The main competitor of Hyperion is the SAP business objects.
The main Hyperion software products include the following:
Hyperion System 9 BI +
Hyperion Intelligence (this includes products previously manufactured by Brio Technology and acquired in 2003)
Hyperion Strategic Finance
Hyperion financial management
Hyperion master data management
With the planning product Hyperion, companies can plan the entire resources of a company. In this way, a company can more effectively manage the overall costs of running a business. The business manager can control the resources and control how they can be optimized.
The Strategic Finance suite of products enables a company to manage each area of corporate finance more efficiently. This gives the chief executive officer or chief financial officer the ability to see the information related to the various areas of corporate finance very clearly. This improves their ability to make quick and informed decisions.
Hyperion has made rapid advances in all areas of product management and business performance management. The fact that a world class product organization like Oracle has expressed an interest in purchasing through the company shows the value of the suite of products it has developed.