New IDC Report Shows Hyperion the Leader by Revenue in Growing Segment of Business Intelligence
July 10, 2001 -- Hyperion (NASDAQ:HYSL) continues to lead the hotly contested online analytical processing (OLAP)/multi-dimensional analysis software market, according to a new study released by IDC. According to the study, Hyperion Essbase continues to lead the market, increasing its market share to 16.4 percent in 2000 from 14.9 percent in 1999. Hyperion has been the market leading OLAP software company since 1998. The share and market numbers are based on total software license and maintenance revenue.
The IDC study, Information Access Tools Market Forecast and Analysis Summary, 2001 – 2005, presents historical data and a five-year forecast for specific software markets in information access and business intelligence. The study ranked more than 25 vendors by software license and maintenance revenue, combining for $1,191.5 million of sales during the year 2000.
OLAP technology is used by leading organisations to understand what the data collected in their enterprise systems really say about their business performance. The business intelligence supplied by OLAP is crucial for managers who need to perform advanced business reporting, analysis, modeling, and planning.
“Companies that place a high value on making the informed decisions that result in greater profits are driving the growth of Hyperion Essbase,” said Robert Gersten, general manager, Essbase Technologies Business Unit. “IDC’s data validates what these companies already know – the key to business performance is knowledge, and an open analytical platform like Hyperion Essbase is the best way to extract actionable knowledge from existing investments in ERP, CRM and relational database technologies.”
“The business value of an OLAP server is demonstrated by the analytic applications it can support,” said Dr. Henry Morris, vice president for Applications and Information Access at research firm IDC, and one of the study’s authors. “At the Solutions 2001 conference, Hyperion Essbase customers shared stories of successful implementation across a broad spectrum of business functions such as sales and marketing, finance, manufacturing and human resources. This breadth of support for analytic applications has helped Hyperion maintain its position for the last several years as the revenue leader for OLAP/multi-dimensional analysis software.”
Hyperion (NASDAQ:HYSL) is a global leader in business analysis software. Hyperion helps managers succeed by helping their companies achieve greater performance and profitability. Business leaders use Hyperion products and services to plan, manage and execute on strategies by analysing information on e-business initiatives, supply chain execution, customers, operations and finance. The company’s market-leading Hyperion Essbase technology, packaged business analysis applications and tools are used by more than 6,000 organisations worldwide, including 86 of the Fortune 100, 64 of the Nikkei Top 100 in Japan and more than 40 of the Financial Times European Top 100. In addition, more than 400 Hyperion alliance partners deliver technology, applications and services to increase the flexibility and choice for customers. Headquartered in Sunnyvale, California, the company has offices in 22 countries. More information is available at http://www.hyperion.com/uk or, email@example.com or 01784 228000
Hyperion and Essbase are registered trademarks and Hyperion Solutions is a trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.
Tel: (020) 8762 9292
This press release was distributed by ResponseSource Press Release Wire on behalf of Object Marketing in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.