...Latest Report from IDC Shows Hyperion Continues to Lead Financial Analysis and Business Performance Management Market...
EGHAM, England, July 02, 2002 – A new IDC report, “Worldwide Financial/Business Performance Management Software Forecast and Analysis, 2002-2006,” shows that Hyperion (Nasdaq: HYSL) is the worldwide market share leader for financial and business performance management analytic applications. In fact, the IDC report shows Hyperion with a market share of 21 percent in a market that grew by 7.4% from 2000 to 2001.
During this same period, Hyperion introduced a number of web-based solutions that enabled organisations to easily scale applications across the enterprise, bringing improved capabilities for goal-setting, modelling, planning, monitoring, analysis, and reporting to a greater number of people. This complete solution for business performance management empowers decision-makers with critical performance data to more effectively and efficiently drive corporate profit.
Customer lists are steadily growing for Hyperion’s two leading web-based, enterprisewide applications, Hyperion Planning and Hyperion Financial Management. These applications, along with applications such as Hyperion Business Modeling and Hyperion Performance Scorecard, are elements of Hyperion’s comprehensive Business Performance Management Suite.
IDC also recently named Hyperion as the number one provider of multi-dimensional analysis/OLAP tools, based on worldwide 2001 software license and maintenance revenues, according to the latest report published in June 2002. Hyperion’s business intelligence platform, Hyperion Essbase XTD, is based on this market-leading technology.
Many companies are realising the benefits that they can gain by moving from a ‘point solution,’ departmental process to an enterprisewide methodology of managing performance, supported by a unified business intelligence platform.
“With the current economic climate and increasing scrutiny of financial reports, our customers are demanding the solutions that deliver an in-depth view of the entire organisation,” said Nazhin Zarghamee, chief marketing officer at Hyperion. “In addition, they want to be able to use that visibility to map objectives to operational performance and to continually improve efficiencies and profits. These are the key factors we see driving customer demand business performance management solutions across the enterprise.”
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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, firstname.lastname@example.org or call 01784 228076
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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 revi!
ew 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 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.
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