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…Helps Brand Giant with Group Consolidation; Improves Decision-Making …

EGHAM, UK, 29th May, 2002 - Hyperion, (Nasdaq: HYSL) a global leader in
business performance management software, today announced that Virgin, the
£4 billion branded venture capital giant with investments in travel,
leisure, retailing and financial services and one of the world's most
recognised brands, has selected Hyperion Financial Management as its group
financial management, consolidation and reporting solution. Hyperion
Financial Management will act as a common repository of financial
information at Virgin Group, unifying management across the various
enterprises and ensuring decision making is based on consistent
information. Hyperion Financial Management will enable improved decision
making at Virgin, while providing greater flexibility to meet frequently
changing financial reporting requirements as dictated by its global

Commenting on the deal, Susannah Parden, Director of Financial Control at
Virgin Management said: "Virgin operates over 200 companies worldwide
representing a very diverse mix of businesses. We are involved in planes,
trains, finance, soft drinks, music, mobile phones, holidays, cars, wines,
publishing, bridal wear - the lot! With the creation of a new group
finance operation, we needed to be able to implement an enterprise-wide
financial consolidation and reporting capability. At Virgin Group, we were
particularly impressed by the "smart dimensionality" of Hyperion Financial
Management to support our detailed line-of-business reporting requirements
for internal management which we anticipate will allow us to manage
proactively a range of key criteria. By using a single application for
both external and internal reporting requirements, we can streamline the
financial consolidation and reporting process, and deliver results more
quickly to relevant internal and external audiences. In addition, the
excellent plus rating from the recent SPEX Financial Planning,
Consolidation and Reporting evaluation report was also a factor in our
decision to select Hyperion."

According to Virgin Group IT Manager Patrick Campbell: "We were looking
for a technology solution that could automate consolidations, provide fast
Web-based, self-service reporting to decision makers within the enterprise
and yet remain flexible enough to meet our ever-changing requirements. We
also wanted to ensure that we had a product that would be able to leverage
our existing IT infrastructure investments as well as user-friendly
software that would keep our IT overhead to a minimum. We were
particularly impressed by the support in Hyperion Financial Management for
an n-tier architecture, its enhanced security, Web data entry forms and a
process management capability that will ensure data accuracy prior to
consolidation. Not only this, but we were reassured by Hyperion's global
presence, service and support structure, as well as its many years of
experience and expertise."

Commenting on the announcement, Hyperion UK and Ireland Managing Director
Mike Shelton says: "We are delighted that Virgin has chosen Hyperion to
meet its stringent business performance management needs. This is a
classic example of the type of key customer requirement we are
encountering daily and which is fueling demand for our business
performance management solutions. End user organisations want the ability
to formulate, monitor and execute strategy against corporate objectives as
well as require pervasive use of information and management process at all
levels of the enterprise, both internally and externally. They also need
enhanced value of information from multiple business systems and teams,
including applications and development capabilities that leverage an
integrated BI platform that can support common metrics, rules and
workflow. Virgin's choice of Hyperion Financial Management is another
confirmation of our strategy to create and deliver solutions that enable
companies to measure performance and drive enterprise-wide profitability."

Hyperion Financial Management is a Web-based, enterprise-scale financial
management and reporting application with powerful multidimensional
analysis capabilities that helps 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
performance management solutions that enable companies to measure
performance and drive enterprise-wide profitability.

Virgin joins a fast growing community of over 50 major organisations using
Hyperion Financial Management.

About Hyperion

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

e-mail or call 017834 228015.

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 May 14,
2002. The company does not undertake an obligation to update its
forward-looking statements to reflect future events or circumstances.

Hyperion, Essbase, and the Hyperion logo 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