Arbor Software and Hyperion Software Hold Shareholder Meetings.SUNNYVALE, Calif. and STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 20, 1998--Arbor Software Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARSW ARSW Annual Report of the Secretary of War ) and Hyperion Software Corporation (NASDAQ:HYSW) today announced that the Hyperion stockholders voted in favor of the previously announced merger of Hyperion and Arbor. The Annual Meeting of the Arbor Stockholders was adjourned until 4 p.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT on Aug. 21, 1998, due to the large number of broker non-votes and to allow the solicitation of additional proxies. The Annual Meeting of Arbor's stockholders will reconvene reconvene Verb to gather together again after an interval: we reconvene tomorrow Verb 1. reconvene - meet again; "The bill will be considered when the Legislature reconvenes next Fall" at the Sheraton Four Points Hotel, 1100 N. Mathilda Avenue, Sunnyvale, Calif. The merger is subject to a number of customary closing conditions, including approval by the stockholders of Arbor. About Arbor Software See Hyperion. Arbor Software Corporation (NASDAQ:ARSW) develops and markets enterprise OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. (online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. ) software for management reporting, analysis and planning applications. Arbor's products are used by more than 1,800 companies worldwide, spanning a broad range of industries, business applications and enterprise data warehousing architectures. Arbor's customers include BankBoston, Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , Pennzoil, PEPSICO, Prudential and Sears. Arbor's products are sold direct, as well as through system integrators and resellers worldwide, including Comshare, Fujitsu, i2 Technologies, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lawson Software, Mitsubishi, PeopleSoft, Showcase and Walker. Arbor's offices are located in the United States, Australia, Canada, France, Germany and the United Kingdom. Information on Arbor products and services can be found at http://www.arborsoft.com. Arbor can be reached via e-mail at info@arborsoft.com or by calling 800/858-1666 (U.S.) or +44/1344-664000 (International). About Hyperion Software Hyperion Software Corporation (NASDAQ:HYSW) provides software solutions for better business understanding and improved financial performance. Hyperion's Internet-enabled applications support and enhance enterprise-wide processes including planning, budgeting, forecasting, consolidation and business analysis. With $295 million in revenues for the year ended June 30, 1998, the company's solutions are in use by more than 3,300 organizations worldwide. Hyperion's customer base includes more than 50 percent of the Fortune 500 and 40 percent of the Financial Times European Top 100. The company is ranked first worldwide in budgeting software revenue by International Data Corporation and first in financial OLAP applications by The OLAP Report. The company is headquartered in Stamford, Conn., and has more than 1,400 employees worldwide. Additional information is available online at http://www.hyperion.com, or by calling 800/286-8000.
CONTACT: Arbor Software Investor Relations
James Budge, 408/744-9500
jbudge@arborsoft.com
or
Hyperion Software Investor Relations
Lisa Williams, 203/703-3415
lisa_williams@hyperion.com
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