Hyperion Solutions

Hyperion Solutions Corporation
Company type	Public (until acquisition)
Industry	Software, Business Intelligence, Performance Management
Predecessor	Hyperion Software, Arbor Software
Founded	1998
Founder	Bob Thomson, Marco Arese
Defunct	2007
Fate	Acquired by Oracle Corporation
Successor	Oracle Hyperion
Headquarters	Santa Clara, United States
Area served	Worldwide
Key people	Jeffrey Rodek (Chairman and CEO until 2004), Godfrey Sullivan (President and CEO from 2004)
Products	Essbase, Hyperion Intelligence, Hyperion Enterprise, Hyperion Planning, Hyperion Strategic Finance, Hyperion Financial Data Management, and others
Parent	Oracle Corporation (from 2007)

Hyperion Solutions Corporation was a software enterprise headquartered in Santa Clara, California, which was acquired by Oracle Corporation in 2007. The company specialized in products targeting the business intelligence (BI) and business performance management sectors. By 2013, these offerings were rebranded and sold under the Oracle Hyperion name. Hyperion Solutions came into existence in 1998 following the merger of Hyperion Software (previously known as IMRS) and Arbor Software.

History

1981 - Bob Thomson and Marco Arese establish IMRS
1983 - IMRS introduces "Micro Control," a financial consolidation application
1985 - Jim Perakis appointed CEO; oversees expansion from $1 million to nearly $300 million
1991 - IMRS becomes publicly traded and launches Windows-based 'Hyperion' software
1992 - Arbor Software debuts the initial version of Essbase OLAP software
1995 - IMRS rebrands as "Hyperion Software Corporation," renaming its product to "Hyperion Enterprise"; Arbor goes public
1997 - Arbor acquires Appsource
1998 - Merger of Hyperion Software and Arbor results in Hyperion Solutions
1999 - Jeffrey Rodek named Chairman and CEO; Hyperion acquires Sapling Corporation, expanding into Enterprise Performance Management
2001 - Godfrey Sullivan appointed President and COO
2003 - Acquisitions of Brio Technology and The Alcar Group broaden business intelligence offerings
2004 - Jeffrey Rodek transitions to Executive Chairman; Godfrey Sullivan elevated to President and CEO
2005 - Purchase of Razza Solutions (specializing in Master Data Management); Northdoor designated as reseller for UK/Ireland markets
2006 - Acquisitions of UpStream (focused on Financial Data Quality Management) and Beatware (web/mobile data visualization)
2007 - Acquisition of Decisioneering (developer of Crystal Ball software); Oracle announces $3.3 billion acquisition of Hyperion Solutions in March, finalized by April

Following the Oracle acquisition, Hyperion became a division within Oracle. Oracle maintained support for most Hyperion products (version 11.1.2.x) until 2018. Additionally, Hyperion's BI tools were incorporated into the Oracle Business Intelligence Suite Enterprise Edition.

Market

Vendors in the business intelligence industry are generally categorized as:

Large consolidated "megavendors," which include Oracle Hyperion, SAP BusinessObjects, IBM Cognos, and Microsoft BI.
Independent "pure-play" companies, with prominent players such as MicroStrategy, Tableau, QlikView, and SAS.

Products

The product lineup from Hyperion included:

Essbase
Hyperion Intelligence and SQR Production Reporting (acquired through the 2003 purchase 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+ (combining Interactive Reporting, SQR, Web Analysis, Financial Reporting, EPM Workspace, and SmartView)
Hyperion Financial Data Quality Management (FDMEE for Enterprise Edition)
Hyperion Tax Provision
Planning Budgeting Cloud Service
Enterprise Performance Reporting Cloud Service

External links