Aviation Security Device Leader to Use Hyperion Software to Manage Expansion Plans
April 22, 2003 – InVision Technologies, Inc. (Nasdaq: INVN), the leading provider of explosives detection systems (EDS) for the aviation security industry, has chosen Hyperion (Nasdaq: HYSL) Business Performance Management software to provide business insight that fuels its global expansion. Hyperion’s software enables InVision to create consolidated, updated views of information across different operational units, giving executives the insight to make business decisions that advance the company’s growth plans.
InVision develops innovative technologies and sophisticated screening systems for a range of applications. As it expands globally and brings new products to market, the company needs a solution to extract and analyze information from disparate sources. With three subsidiary companies operating in different parts of the world, InVision chose Hyperion’s comprehensive Business Performance Management software for its sophisticated global financial consolidation, regulatory reporting and analysis capabilities.
“We want to drive intelligent, profitable decisions,” said Don Francis, chief information officer for InVision Technologies. “We see the Hyperion software as a major breakthrough. It gives us a single version of the truth to guide performance across the enterprise. Instead of seeing information several weeks after the quarter closes, we want the CEO and other executives to have the information on a daily and weekly basis, enabling us to react quickly to changes.”
Nazhin Zarghamee, chief marketing officer for Hyperion, said the software engages employees, giving them a sophisticated, uniform, secure way to develop operational plans and meet corporate goals.
“Hyperion Business Performance Management software brings an improved approach to managing global performance and expansion for InVision Technologies,” she said. “With this software, employees throughout the organization can enter data directly into one standardized system online, creating a unified view of financial and operating performance. Plus, executives can evaluate the information, drill down into details to gain insight and produce actionable plans that guide the organization to success.”
Hyperion is the global leader in Business Performance Management software that enables companies to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. More than 6,000 customers use Hyperion’s flagship business performance management suite of packaged and tailored applications and its leading business intelligence platform worldwide. Hyperion has a network of more than 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 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 review t
he company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 25, 2002 and the Report on Form 10-Q filed on February 7, 2003. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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