SUNNYVALE, Ca., October 7, 2002 – Hyperion (Nasdaq: HYSL), the global leader in business performance management software, was recognized for vision and its ability to execute that vision on the first ever Gartner Corporate Performance Management (CPM) Suites Magic Quadrant.
Gartner defines CPM as the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. Hyperion uses a similar term, business performance management, to define the company’s solutions that address enterprise needs to enable customers to anticipate results, measure performance and drive profitability. According to Gartner, 40 percent of large enterprises will adopt Corporate Performance Management by 2005. Gartner evaluated vendor viability, functionality, technology, and service and support when placing vendors in the CPM Magic Quadrant.
“Gartner’s report mirrors what we’re seeing in the marketplace,” said Nazhin Zarghamee, chief marketing officer for Hyperion. “Economic uncertainty and the greater need for corporate accountability are two key factors additionally driving the adoption of business performance management. Our customers clearly see the value of business performance management and believe Hyperion is best qualified to deliver that value. Our customers are endorsing our vision of a comprehensive solution to measure performance, anticipate change and drive profitability across their companies.”
The report discusses how enterprises can use CPM to improve their planning and control cycles and profiles major CPM players, including enterprise applications vendors, BI vendors and best of breed hybrid players. Companies are evaluated based on their vision and their ability to execute as “leaders,” “visionaries,” “challengers,” or “niche players.” While there were no companies in the leadership quadrant, Hyperion was placed in the “visionaries” quadrant. According to the report, visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.
Hyperion, the 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 performance management 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, organizational, customer relationship, supply chain and channel performance management. Hyperion has a network of over 330 partners to provide innovative and specialized business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $492 million in fiscal 2002. The company employs more than 2,200 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 , e-mail email@example.com or call 01784 228015.
About The Magic Quadrant
The Magic Quadrant is copyrighted September 2002 by Gartner Inc. and is reused with permission. Gartner’s permission to print its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner’s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner Research is intended to be one of many information sources and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied of fitness of the3s research for a particular purpose.
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 revi!
ew the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 25, 2002. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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.
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