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HYPERION DOMINATES BUSINESS PERFORMANCE MANAGEMENT MARKET IN WESTERN EUROPE
Leading Industry Analyst Firm Names Hyperion as the Top Vendor in Financial and Business Performance Management and a Leader in Overall Analytic Applications
LONDON, UK, Sept. 15, 2004 – Hyperion (Nasdaq:HYSL) is the number one vendor in the financial and Business Performance Management market in Western Europe with 21.7 percent market share, according to IDC, the premier global market intelligence and advisory firm. The report, based on 2003 software license and maintenance revenue, also identifies Hyperion as a leader in the overall analytic applications market with 7.7 percent market share. In addition, the company leads the list of top ten vendors in the overall market in both France and the United Kingdom.
Hyperion earned near double the market share of its second ranked competitor in the Western European financial and Business Performance Management market according to the report (IDC # LT06L, September 2004), titled “Western European Analytic Applications 2004-2008 Forecast and 2003 Vendor Shares.” Hyperion was named the leader of financial and Business Performance Management analytic applications in a similar IDC report (IDC # 31633, July 2004) called the “Worldwide Financial and Business Performance Management Analytic Applications 2004-2008 Forecast Update and 2003 Vendor Shares.” In this report, Hyperion claimed three times the worldwide market share of its closest competitor.
“Our domination of this rapidly growing market is indicative of our customers’ requirement for comprehensive, integrated Business Intelligence and analytic applications to address their Business Performance Management needs,” said Alain Blanc, Hyperion’s vice president of Europe, the Middle East and Africa. “There’s no question that Business Performance Management is a hot topic in the industry – our customers are seeing a high return on investment and a strong competitive advantage from extending our solutions across their organizations.”
According to IDC, the Western European market for analytic applications reached $1.04 billion in revenue in 2003. This represents 14.7 percent growth from 2002.
“The Western European analytic applications market will remain in double digits over the forecast period, as the need for predictive analytics and Business Performance Management optimization continues,” said Christina Steensboe, program manager, European Business Intelligence and Analytic Applications, IDC. “Hyperion is fulfilling that need for its customers with its offerings in the overall analytic applications market, and the success in its dashboard strategy alone will continue to contribute to the company’s momentum specifically in the financial and Business Performance Management market going forward.”
IDC defines the Western European analytic applications market as including financial and Business Performance Management, CRM, as well as supply chain management and operations. The firm reports that the financial and Business Performance Management market itself posted the highest growth rate of these sub-markets at almost 20 percent.
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers – including 91 of the Fortune 100 – rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com <http://www.hyperion.com> /uk, e-mail firstname.lastname@example.org or call 01784 228015
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