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FOR IMMEDIATE RELEASE

Contacts:

Andrew Smith
Object Marketing
Tel: (020) 8762 9292
E-mail: andrews@objectmarketing.com

HYPERION STRATEGIC FINANCE HELPS ABB OVERCOME MAJOR LIQUIDITY CRISIS

ZURICH, SWITZERLAND – 30th August 2006 - ABB, the $22.4bn leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact, overcame a major liquidity crisis with the aid of Hyperion Strategic Finance. Hyperion Strategic Finance enabled the modelling and planning of this highly complex business and provided ABB’s stakeholders with renewed confidence in its financial position.

ABB’s liquidity crisis in 2002/2003 was triggered by asbestos litigation in the United States against Combustion Engineering, an acquisition from the early 1990s. As a result, ABB lost its investment-grade credit rating and as a consequence, its line of credit. This problem was aggravated by the fact that ABB had been using shorter-term Commercial Paper. When these matured, ABB was forced to refinance at a higher cost than had it not lost its investment-grade rating.

According to Barton Champness, Head of Financial Planning at ABB Group: “Faced with a major liquidity crisis, we urgently needed to recapitalise our balance sheet for 2003. A significant challenge was the fact that our existing financial software tools weren’t really up to the task. When we looked at the tools available on the market to help us, we found Hyperion Strategic Finance was the only product capable of handling our simulation requirements. There was really nothing else comparable.”

Hyperion Strategic Finance is a financial modelling application that lets executives understand the full financial impact of alternative strategies. It saves valuable time that is currently used building, maintaining and training finance employees on cumbersome spreadsheet modelling tools. Hyperion Strategic Finance delivers pre-packaged modelling and forecasting so finance experts can better spend their time testing alternative strategies, building contingency plans, and understanding the impact of those strategies and plans on a company’s long-term performance.

Says Champness: “We were able to overcome this crisis after Hyperion Strategic Finance allowed us to confidently run simulations on our capital structure and cash flow positions. By presenting these results to creditors and rating agencies, we were able to renegotiate our line of credit. The use of Hyperion Strategic Finance in preparing the ABB group financial plan was thus instrumental in providing assurance to stakeholders of our future cash generation and liquidity. What also impressed us about Hyperion Strategic Finance was that the projected results from our 2003 simulation were extremely accurate as compared to the actual results that followed. For example, actual net income for the group in 2005 was within 3% of the projection we had determined as part of the simulation we ran in 2003!”

Concludes Champness: “The bottom line is that we wanted to get our investment grade rating back in 2006, which is exactly what we have achieved. Hyperion Strategic Finance was and continues to be an important part of our turnaround. As we plan and make acquisitions, we can evaluate the impact a portfolio of deals might have on the group’s credit statistics. We can thus protect our recently regained investment credit rating. The solid underlying logic of Hyperion Strategic Finance provides us with confidence in the decisions we make based on these models. It would have been much more difficult to achieve what we have without this software.”

About ABB

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 103,000 people. Headquartered in Zurich, Switzerland, ABB has an illustrious record of innovation and technological leadership in many industries and has helped countries all over the world to build, develop and maintain their infrastructures.

About Hyperion

Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 12,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organize and analyze it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system. Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 90 countries. A network of more than 600 partners provides the company’s innovative and specialized solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2006 and is traded under the Nasdaq symbol HYSL.

For more information, please visit www.hyperion.com.

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, maintaining successful relationships with OEM vendors, 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 the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on August 31, 2005 and the report on Form 10-Q filed on May 10, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

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“Hyperion,” the Hyperion logo and Hyperion’s product names are trademarks of Hyperion Solutions Corporation.

This press release was distributed by ResponseSource Press Release Wire on behalf of Object Marketing in the following categories: Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.