Oracle buys Hyperion business intelligence specialist

The deal is all cash, valuing Hyperion at $3.3 billion, and it gives Oracle one of the leaders in this sector: some 12,000 companies use Hyperion, including 91 of the Fortune 100. “The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market,” says Oracle CEO Larry Ellison. “Hyperion’s EPM software, coupled with Oracle’s BI tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting.” “Hyperion is the latest move in our strategy to expand Oracle’s offerings to SAP customers,” adds Oracle president Charles Phillips. “Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system. “Oracle already has PeopleSoft HR, Siebel CRM [customer relationship management], 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 analyse their underlying SAP ERP data.”