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Thursday, March 01, 2007
Oracle Adds Hyperion To Its Stable
Got up to see the news that Oracle closes in on Hyperion.
The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market," said Oracle CEO Larry Ellison. "Hyperion's EPM software coupled with Oracle's Business Intelligence (BI) tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting.
BI is clearly the fastest growth area in enterprise application space today. The consolidation in the BI space was expected for sometime. Dana Gardner has an excellent assessment of the implications – surprisingly this is seen as a positive move.
Labels: Acquisition, Enterprise Software, Oracle|
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