World Leader in Internet Security Technology Chooses Leading Business Performance Management Software Vendor to Drive Corporate Accountability
SUNNYVALE, Ca., July 21, 2003 – Symantec has chosen Hyperion’s (Nasdaq: HYSL) Business Performance Management software for quick and efficient financial consolidations and reporting from a single enterprise source. The software also gives Symantec a comprehensive solution providing insight to manage and improve financial and operational performance across the company. More than 300 people, including the finance team, executives and business unit managers throughout the company’s 40 offices are expected to use the software.
With a broad range of content and network security software and appliance solutions for individuals, enterprises and service providers, Symantec was looking for a scalable software solution to consolidate and analyze financial information from its offices worldwide for internal and external reporting. With the help of Hyperion partner TopDown Consulting, Symantec is implementing Hyperion software for its financial consolidation and reporting system. In a later phase, TopDown will be helping Symantec to implement Hyperion software for dynamic planning and forecasting.
“We wanted to select an established vendor to provide a solution to eliminate risk,” said Jeff Brobst, vice president of global planning for Symantec. “Our executives gain confidence using a sophisticated, scalable solution to perform the consolidations. We also expect to gain benefits from more easily disseminating information. We can make better and more rapid decisions because we are able to see updated actuals, budgets and forecasts.”
TopDown will be assisting with the Symantec implementation, helping them meet the deadlines of an aggressive implementation schedule.
“We are excited to help Symantec achieve its Business Performance Management goals. Our years of experience in consolidation and reporting best practices combined with our robust Hyperion product knowledge makes us a natural fit to help companies implement this solution,” said Lee Anne Spencer, vice president of sales for TopDown Consulting.
Nazhin Zarghamee, chief marketing officer for Hyperion, said companies are turning to Hyperion software for increased auditing oversight, giving CEOS and CFOs transparency into financial data and confidence to certify financial results.
“Hyperion Business Performance Management software gives customers control of their financial information, ensuring that management can confidently certify annual and quarterly financial results including disclosure controls and procedures,” she said. “The software also enables Symantec to tie this financial data with operational data for accurate planning and forecasting in order to optimize performance throughout the organization.”
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 worldwide use Hyperion's Business Performance Management family of packaged and tailored applications and its leading business intelligence platform. 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 2,100 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
# # #
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 revie
w the 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 May 14, 2003. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
Hyperion is a registered trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.
This press release was distributed by ResponseSource Press Release Wire on behalf of Object Marketing in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.