EGHAM, UK, July 18, 2002 – Hyperion, (Nasdaq: HYSL) a global leader in business performance management software, today announced that Dyson the market leader in floorcare in Western Europe with a value share of 24.2%, has selected Hyperion as its key group financial management, consolidation and reporting solution.
With operations in 23 countries, the Wiltshire-based company launched its first vacuum cleaner, the DC01, in 1993. In December 2001, Dyson launched the Contrarotatorä (CR01) - the world’s first 2-drum washing machine - which is already the top selling washing machine, by value, in the +£500 category*
According to Chris Reay, Head of Financial Planning at Dyson: “We have experienced massive growth in a relatively short time and we quickly realised that we needed a financial reporting system that would be able to meet our global aspirations. We had been using Excel spreadsheets, but this was a rather labour intensive way of approaching the situation and was not considered the best package for our needs. Dyson needed an industry standard solution that would accommodate all of our necessary reporting requirements. We looked at a variety of possible solutions, but Hyperion offered an industry standard system and is number one in its field. Hyperion will drastically reduce our reporting times and provide highly accurate financial management data.”
Commenting on the deal, Hyperion UK and Ireland Managing Director Mike Shelton says: “We are delighted that Dyson has chosen Hyperion to meet its stringent financial management and reporting needs. This is another example of the type of key customer requirement we are encountering daily and which is fueling demand for our business performance management solutions. Dyson’s choice of Hyperion is another confirmation of our strategy to create and deliver solutions that enable companies to measure performance and drive enterprise-wide profitability.”
*Source: GfK Lektrak
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 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 e-mail email@example.com or call 017834 228000.
Hyperion, the Hyperion “H” logo 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.
Tel: (020) 8762 9292
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