Hyperion Adopts Methodology to Reinforce the Value of Its Business Performance Management Solutions
SUNNYVALE, Calif., October 9, 2002 – Hyperion (Nasdaq: HYSL), the leader in business performance management, announced today that it will employ the Gartner Inc. TVO methodology, an independent initiative for measuring the business benefit of IT investments. Hyperion will utilize TVO to help customers and prospects establish the total return on investment (ROI) of business performance management.*
“This is a pivotal project that will tangibly demonstrate the value of business performance management,” said John Kopcke, chief technical officer for Hyperion. “Hyperion customers will be able to systematically calculate the value of their business performance management solutions using a precisely defined set of performance metrics.”
Business leaders including Hyperion, Intel and Microsoft are members of an advisory board who are sponsoring and advising the Gartner Measurements program team on the development of the TVO methodology initiative to explore business issues and also collaboration between IT and business users in organizations. TVO is a more sophisticated level of the ROI approach pioneered by Gartner. TVO takes the concept of ROI a step further as it measures and benchmarks the benefits and risks of business processes while ROI focuses on financial risks and rewards.
The first step in this valuation is to create baseline performance measures that leverage the Gartner Business Performance Framework™, a list of primary measures and aggregates designed to cover all aspects of business performance.
*Output from the Gartner Total Value of Opportunity models may differ from Gartner's published research position.
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 2 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 firstname.lastname@example.org or call 01784 228015.
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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 25, 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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