HYPERION DRIVES INTEROPERABILITY, COLLABORATION IN BUSINESS PERFORMANCE
MANAGEMENT WITH INTRODUCTION OF HYPERION ESSBASE XTD
Hyperion Essbase XTD Builds on Market-leading Analytic Technology to
Improve Performance, Profitability
EGHAM, UK, April 22, 2002 - Hyperion (Nasdaq: HYSL) today announced the
company's new business intelligence (BI) platform, Hyperion Essbase XTD,
which provides customers and partners with an open, integrating foundation
for the development and deployment of rich, interoperable business
performance management applications that can be scaled across the
Hyperion made the announcement today at its Solutions 2002 user conference
in Orlando, Florida, believed to be the largest single gathering of
business performance management users and experts in the world. In a
related announcement today, Hyperion introduced its Business Performance
Management Suite, based on Hyperion Essbase XTD.
Deployable across the enterprise, Hyperion Essbase XTD, based on the new
version 6.5 of Hyperion Essbase, can provide tight integration to all
operational data sources, rich insight into business operations through
relational and multidimensional analysis and reporting and mass
distribution of key business indicators for broad consumption.
With the Hyperion Essbase XTD platform, Hyperion's business performance
management solutions enable companies to measure and analyse performance,
prepare strategy and plans, model predictive scenarios and report actual
results in a continuous collaborative cycle across the extended
"Through corporate mergers and acquisitions, as well as decentralised
purchasing, over the years many organizations have collected multiple and
overlapping BI environments," said Frank Buytendijk, research director at
Gartner, Inc. "Before organisations can move BI to the 'enterprise level'
and be ready for the next step, they need to consolidate and reduce the
number of tools to a well-chosen portfolio, together forming a business
Hyperion Essbase XTD, comprised of a business performance management
application framework and platform services, features the newly released
Hyperion Essbase 6.5 and includes the latest versions of the company's
market-leading analysis technologies with several new capabilities.
· Improved Performance - Hyperion Essbase's parallel calculation and
highly concurrent kernel and improvements to Hyperion Essbase parallel
load significantly improve performance on multiprocessor systems for
speedier data analysis.
· Broader Data Access and Information Delivery - For the first time,
Essbase XTD Query & Reporting offers Web-based query and reporting from
multidimensional and relational data sources for seamless and increased
access to multiple data sources for reporting, analysis, modelling and
planning. With improved data access, reporting and information delivery
capabilities, companies will be able to distribute secure, real-time,
interactive reports to every user, customer and partner to improve
business performance, reduce operating costs and drive profitability.
· Complete Support of Industry Standards - Hyperion Essbase XTD
supports industry standards such as J2EE, .NET, LDAP, WAP and XML/XMI,
promoting interoperability of business performance management applications
through easier integration between transactional ERP/CRM/SCM systems, ETL
tools, data warehouses, OLAP servers and end-user access tools.
· Enhanced Relational Integration - Through a new feature called
hybrid analysis, Hyperion Essbase XTD provides tight integration between
relational and multidimensional storage options to give business users an
accurate picture of their businesses and more detail for decision-making.
Hyperion Essbase XTD also offers data warehouse and information
technology managers more flexibility in designing and maintaining
large-scale analytic applications by providing a choice of data storage
· Broad Access to On-Demand Information - Hyperion Essbase XTD
enables the broad delivery and distribution of published Web reports to
large user communities. This includes seamless integration of BI
templates, components and libraries into standard Web-authoring tools for
rapid development of tailored business performance management
applications, as well as secure, real-time, self-service access to reports
and applications using a variety of communication channels and user
· Collaborative Business Performance Management - Hyperion Essbase
XTD improves collaboration in managing business performance by providing a
single access point for internal users, customers, suppliers and partners
to access synchronised data from multiple applications and data sources.
This single access point to synchronised data enables individuals at every
level from different companies to be active participants in the
decision-making process. In addition, reusable metadata, business rules
and events provide a flexible, unifying approach and context for
determining business performance management process and workflow.
· Integrated Business View - A single point-of-access launch pad
provides, through the latest version of Hyperion Central, Hyperion's
business performance management applications with synchronised views of
multiple applications and data sources.
· Integrated Development Environment - Through the latest version of
Hyperion Application Builder, developers and partners can have seamless
integration into standard Web-authoring tools for rapid development of
Web-based business performance management applications.
"A goal of IT is to empower employees with information and tools that help
them better understand how their decisions and actions can directly affect
the bottom line," said Robert Moedt, technology consultant at Sears. "The
new capabilities of Hyperion's BI platform will enable Sears to do that by
allowing us to take business intelligence beyond the bounds of our finance
department to leverage information for business performance management
across functional departments and at all levels."
"Increasingly, companies are taking a more holistic approach to using
information to run their business," said Nazhin Zarghamee, chief marketing
officer at Hyperion. "With our integrating business intelligence
platform, Hyperion Essbase XTD, customers can rapidly build and broadly
deploy rich analytic applications that not only provide them with an
understanding of their key business drivers, but also bring financial
accountability to all parts of their companies."
Smart companies looking to better measure and improve performance in
challenging economic times are expanding typical accounting capabilities
to include functionality for operational and strategic users outside the
financial organisation. Hyperion's vision is to provide executives and
managers with the business performance management solutions to be able to
leverage the right information at the right time with the right tool to
tie plans to actions to goals to performance in order to improve corporate
efficiencies and drive profitability.
Hyperion Essbase XTD is available today in a variety of editions tailored
for everyone from the existing Hyperion Essbase customer who is interested
in upgrading, to the CIO looking to design a complete business performance
management solution across the enterprise. It is of special interest to
third-party developers looking to leverage the high performance of
Hyperion's solutions to create a business performance solution targeted
for specific functions or industries.
Hyperion, a global leader in business performance management software,
creates solutions that help companies measure performance and drive
profitability. Hyperion's Business Performance Management Suite of
packaged and tailored applications and its open, integrating business
intelligence platform, Hyperion Essbase XTD, enable companies to set
goals, model and plan performance, monitor and report key results, analyse
underlying business drivers and anticipate future performance of core
business activities. Hyperion products are used by more than 6,000
customers around the world to enable financial, organisational, customer
relationship, supply chain and channel performance management. Hyperion
has a network of more than 400 partners to provide innovative and
specialised business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues
of more than $500 million in fiscal 2001. The company employs more than
2,300 people in 20 countries and is represented in 16 additional countries
through distributor relationships. Hyperion is traded under the Nasdaq
symbol HYSL. For more information, please visit http://www.hyperion.com/uk,
http://firstname.lastname@example.org or call 01784 228000
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 performance management 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 February
13, 2002. 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 is a
trademark of Hyperion Solutions Corporation. All other trademarks and
company names mentioned are the property of their respective owners.
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.