Hyperion Solutions

Hyperion Solutions was a leading provider of Business Intelligence software, founded in 1981 by Jim Littlefield, Bob Thompson, and Tony Scotti. The company's early success was driven by its MultiPlan product, which was later replaced by Hyperion Enterprise. Hyperion Solutions was known for its innovative approach to Financial Management and Business Performance Management, working with clients such as IBM, Microsoft, and SAP AG. The company's software was used by numerous organizations, including General Electric, Procter & Gamble, and Coca-Cola.

● History

Hyperion Solutions was founded in 1981 and initially focused on developing software for Apple II and IBM PC. The company's early products, such as MultiPlan, were designed for Financial Planning and Budgeting. In the late 1980s, Hyperion Solutions began to develop more advanced software, including Hyperion Enterprise, which was released in 1992. This product was designed to provide Financial Management and Business Performance Management capabilities to large organizations, such as Ford Motor Company, General Motors, and Chrysler. Hyperion Solutions also partnered with other companies, including Accenture, Deloitte, and KPMG, to provide Consulting Services and Implementation Support.

● Products

Hyperion Solutions developed a range of software products, including Hyperion Enterprise, Hyperion Planning, and Hyperion Essbase. These products were designed to provide Financial Management, Business Performance Management, and Business Intelligence capabilities to organizations. Hyperion Solutions also developed Hyperion System 9, which was a comprehensive Business Intelligence platform that included Data Integration, Data Mining, and Reporting Tools. The company's products were used by numerous organizations, including American Express, Bank of America, and Citigroup. Hyperion Solutions also competed with other software vendors, such as SAP AG, Oracle Corporation, and Microsoft, in the Business Intelligence and Financial Management markets.

● Acquisition

In 2007, Hyperion Solutions was acquired by Oracle Corporation for approximately $3.3 billion. The acquisition was seen as a strategic move by Oracle Corporation to expand its Business Intelligence and Financial Management capabilities. The acquisition also provided Oracle Corporation with access to Hyperion Solutions' customer base, which included numerous large organizations, such as Walmart, ExxonMobil, and Procter & Gamble. After the acquisition, Hyperion Solutions' products were integrated into Oracle Corporation's product portfolio, and the company's employees were absorbed into Oracle Corporation's operations. The acquisition was also seen as a response to the growing competition in the Business Intelligence market, particularly from SAP AG and Microsoft.

● Technology

Hyperion Solutions' software products were based on a range of technologies, including Relational Database Management Systems and Multidimensional Database Management Systems. The company's products also utilized Data Mining and Data Warehousing technologies to provide Business Intelligence and Financial Management capabilities. Hyperion Solutions also developed its own Programming Languages, such as Hyperion Planning Language, to support its software products. The company's products were also integrated with other technologies, such as Microsoft Excel, Microsoft SQL Server, and IBM DB2. Hyperion Solutions also partnered with other technology companies, including Intel Corporation, Hewlett-Packard, and Dell Inc., to provide Hardware Support and Implementation Services.

● Applications

Hyperion Solutions' software products had a range of applications, including Financial Planning, Budgeting, and Forecasting. The company's products were also used for Financial Reporting, Compliance Management, and Risk Management. Hyperion Solutions' software was used by numerous organizations, including Financial Institutions, such as JPMorgan Chase, Bank of America, and Citigroup. The company's products were also used by Manufacturing Companies, such as Ford Motor Company, General Motors, and Coca-Cola. Hyperion Solutions also provided Consulting Services and Implementation Support to help organizations implement its software products, working with Consulting Firms such as Accenture, Deloitte, and KPMG. The company's software was also used by Government Agencies, such as the United States Department of Defense, and Non-Profit Organizations, such as the American Red Cross.

Category:Software companies