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LONDON, UK, March 12, 2002 – Hyperion (Nasdaq: HYSL), a global leader in business performance management software, today announced that Hyperion Financial Management has earned an excellent plus rating from SPEX, marking the third consecutive year the company has garnered such high marks in the Financial Planning, Consolidation and Reporting research module. SPEX, a division of META Group (Nasdaq: METG), provides enterprise software evaluations via the Internet, to help global companies select business applications and IT solutions to meet their organisation’s needs.
SPEX evaluates products across four categories: functionality, user-friendliness, technology and market strength. Hyperion Financial Management received a SPEXmark rating of outstanding for functionality and user-friendliness, as well as an excellent plus overall rating. The SPEX product evaluation also made note of key Hyperion Financial Management strengths, including support for global reporting requirements, smart dimensionality, process management, reporting and integration with third party data sources.
“In today’s global economy there is increasing pressure to reduce the financial closing and reporting cycle and provide more detailed financial results to both internal and external audiences. This is becoming more of a Global 2000 concern given the pending SEC rules trimming critical days off of the 10K and 10Q disclosure processes,” says John Van Decker, program director, Application Delivery Strategies at META Group. “This trend is driving demand for Web-based financial consolidation and reporting solutions that can shorten the time it takes to collect, consolidate and deliver financial results that meet the line of business reporting needs of internal management as well as the changing reporting requirements of the investment community.”
Hyperion Financial Management is a Web-based, enterprise-scale financial management and reporting application with powerful multidimensional analysis capabilities that help companies quickly consolidate diverse financial information and better understand and improve overall financial performance.
Hyperion Financial Management is part of a comprehensive suite of financial and business performance management applications that advance Hyperion’s strategy of creating and delivering business intelligence solutions that enable companies to measure performance and drive enterprisewide profitability.
“Hyperion Financial Management’s performance in the most recent SPEX software evaluation is further evidence of how Hyperion is meeting customers’ needs, and delivering world class financial applications,” said Chris Leone, vice president of Application Product Marketing for Hyperion. “We are pleased to have Hyperion Financial Management acknowledged as a top performer in this evaluation, as we continue to extend our leadership in the financial and business performance management application space.”
Hyperion Financial Management was evaluated along with products from Cartesis, Cognos, Oracle, SAP and Peoplesoft. Highlights of the SPEX evaluation will be available on the Hyperion’s web site at http://www.hyperion.com/spex
SPEX is the leading Internet authority for enterprise and Web-based software technology evaluations. A division of META Group (Nasdaq: METG), SPEX provides comprehensive enterprise software evaluations via the Internet to help global companies quickly select critical business applications and IT solutions. Additional information about SPEX and samples of SPEX evaluations can be found at http://www.checkspex.com
Hyperion, a global leader in business performance management 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 017834 228000.
Hyperion is a registered trademark and Hyperion Solutions is a trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.
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