...Standard & Poor's Selects Hyperion as Business Intelligence Solution
to Deliver Web Services for Financial Analytics...
January 9, 2001 - Standard & Poor's (S&P), a division of the McGraw-Hill
Companies, and a leading provider of independent investment data, analysis
and opinions for the financial community, and Hyperion (Nasdaq: HYSL), a
leader in business intelligence software, are teaming to deliver powerful
financial analytic services over the Web. S&P is using Hyperion Essbase
6.2, the market-leading analytic technology and Hyperion Application
Builder 2.0, a java-based development tool, to build a custom analytic
application that they will deliver as an on-line service to thousands of
customers. This value-added service to distribute financial information,
data mining and analytics over the web will help S&P increase revenues by
addressing their customers' needs for financial reporting, analysis,
modelling and planning.
Standard & Poor's selected Hyperion's business intelligence solution after
extensive testing and benchmarking based on strict criteria defined by
S&P. Factors such as user and data scalability, analytic functionality,
ease of use and adaptability and performance were evaluated, as well as
how those factors effect software, server, networking, maintenance and
administration costs. Hyperion's results gave S&P confidence that the
solution would be able to meet the analytic needs of thousands of
customers in the online financial community.
"As a leading provider of data and analysis for the financial community,
we needed a technology solution that was scalable and powerful enough to
serve the analytic needs of our large customer base, at the lowest
possible total cost of ownership," said Brian Whitehead, vice president
and chief technology architect. "The combination of Hyperion Essbase and
Hyperion Application Builder gives us flexibility combined with
functionality that reduces the time and cost associated with building,
deploying and maintaining unique value-added analytic services for S&P's
"Hyperion is excited to be chosen as the underlying analytic technology
for this ground-breaking new service to the financial community," said
John Pierson, vice president of Worldwide Channels at Hyperion. "We look
forward to assisting and supporting the development and rollout of this
important service. This is simply another way that Hyperion's business
intelligence solutions help global enterprise companies and their
customers more effectively measure performance and drive profitability."
Hyperion, a global leader in business intelligence software, creates
solutions that help businesses measure performance and drive
profitability. Its flagship product, Hyperion Essbase, as well as its
financial and business performance management and eCRM analysis solutions
are used by more than 6,000 companies around the world. Hyperion has a
network of more than 400 strategic partners to provide innovative business
intelligence solutions, specialised applications and services.
Headquartered in Sunnyvale, California, Hyperion reported annual revenues
in fiscal 2001 of more than 0 million. The company has more than 2,300
employees in 20 countries and is also represented in 16 other countries
through distributor relationships. For more information, please visit
http://www.hyperion.com/uk, e-mail email@example.com or call 01784 228000.
Tel: (020) 8762 9292
Safe Harbor Statement
Statements in this press release other than statements of historical fact
are forward-looking statements, including, but not limited to, statements
concerning the potential success of anticipated product features, the
anticipated product offerings and the potential market opportunities for
business intelligence software. Such statements constitute anticipated
outcomes and do not assure results. Actual results may differ materially
from those anticipated by the forward-looking statements due to a variety
of factors, including, but not limited to the company's ability to retain
and attract key employees, the successful and timely development of new
products, the impact of competitive products and pricing, customer demand,
and technological shifts. For a more detailed discussion of factors that
could affect the company's performance and cause actual results to differ
materially from those anticipated in the forward-looking statements,
interested parties should review the company's filings with the Securities
and Exchange Commission, including the Report on Form 10-K filed on
September 14, 2001 and the Report on Form 10-Q filed on November 13, 2001.
The company does not undertake an obligation to update its
forward-looking statements to reflect future events or circumstances.
Hyperion and Essbase are registered trademarks and Hyperion Solutions and
Hyperion Application Builder are trademarks of Hyperion Solutions
Corporation. All other trademarks and company names are the property of
their respective owners.
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