Callidus Software and Hyperion Team to Deliver Analytic Capabilities for Enterprise Variable Compensation Management.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 8, 1999-- Callidus Software to Integrate and Resell Hyperion Essbase 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. Server With TrueComp for Modeling and Optimizing Corporate Incentive Compensation Callidus Software, Inc., the business performance systems company, today announced a strategic partnership with Hyperion to integrate and resell Hyperion Essbase OLAP Server, the market-leading, open, cross-platform enterprise OLAP (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. ) server, in its TrueComp variable compensation management solution. TrueComp is the first application to provide the flexible, enterprise-scale capabilities that corporate finance executives need to strategically model, administer, and report on incentive compensation plans of any complexity in large organizations. Callidus Software will leverage the performance, scalability and analytical power of Hyperion Essbase as the strategic platform for TrueComp Modeler, the modeling, analysis and planning module in TrueComp. "Hyperion Essbase enables us to tightly integrate state-of-the-art modeling and analysis capabilities with the pay-for-performance planning process," said Phil Ressler, senior vice president, marketing at Callidus Software. "Reselling and embedding Hyperion's OLAP technology also increases our appeal to thousands of organizations who already use Hyperion products." TrueComp Modeler provides managers with a strategic tool to instantly access and analyze detailed compensation plan data, enabling executives to visualize how variable resource programs can grow top-line revenues and contain bottom-line costs in their businesses. By providing TrueComp Modeler to reduce the guesswork of analyzing and modeling variable compensation programs, Callidus Software enables companies to develop compensation plans that tie directly to strategic business objectives. By combining the powerful modeling and analytical capabilities in Hyperion Essbase with TrueComp Modeler, customers will be able to develop sophisticated variable compensation models and better understand how those plans affect revenue, performance and costs. "Hyperion is committed to providing the market-leading, open enterprise OLAP server that provides customers and partners with a best-in-class platform for building analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. ," said Steve Fioretti, vice president of marketing for Hyperion. "Our partnership with Callidus Software is an important addition to the breadth of cross-platform, highly scalable analytic applications. The integration of Hyperion Essbase with TrueComp will offer our joint customers a sophisticated enterprise platform for advanced modeling of variable compensation programs." About Callidus Software Callidus Software (http://www.CallidusSoftware.com) is a San Jose-based company delivering a new class of enterprise application software called business performance systems (BPS (Bits Per Second) The measurement of the speed of data transfer in a communications system. 1. BPS - Basic Programming Support 2. bps - bits per second ). BPS software helps corporate finance executives boost top- and bottom-line corporate performance through accurate and timely variable resource program management, including variable compensation, sales commissions and trade promotions to channel partners. Callidus Software was founded in 1996 and is privately backed by Crescendo Ventures (formerly IAI IAI Infection And Immunity (journal) IAI International Alliance for Interoperability IAI Institut für Angewandte Informatik IAI Inter-American Institute for Global Change Research IAI International Association for Identification Ventures), Crosspoint Venture Partners, ONSET Ventures, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group, and Transamerica Technology Finance. Customers include Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ), Dun & Bradstreet (NYSE:DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), Newbridge Networks Newbridge Networks was an Ottawa, Ontario, Canada company founded by Canadian/Welsh entrepreneur Terry Matthews. It was founded in 1986 to create data and voice networking products after Matthews was forced out of his original company Mitel. (NYSE:NN), Netscape Communications (NYSE:AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) and Sybase Inc. (Nasdaq:SYBS). About TrueComp Modeler TrueComp Modeler allows executives to rapidly prototype changes to compensation plans, with more confidence. Leveraging knowledge from past activity, financial analysts and executives can create reliable financial models that anticipate the consequences of variable compensation plans. TrueComp Modeler is distributed as part of TrueComp, the variable compensation management system, and will be available this month. -0-
Key highlights include:
-- Review performance using OLAP functionality to analyze historic
sales transactions and other compensation data using pre-defined
categories.
-- Create what-if scenarios to forecast expenses based on projected
sales transactions and potential changes to compensation plans.
-- View alternate scenarios quickly using only a few mouse clicks.
-- Laptop portability allows work to be done anywhere and enables
the implications of the compensation plan changes to be
communicated to executives in real-time.
-0- About Hyperion The worldwide analytic application software leader, Hyperion Solutions Hyperion Solutions Corporation is a business performance management software company, located in Santa Clara, California, USA. Many of its products are targeted at the Business Intelligence and Business performance management market. Corporation (Nasdaq:HYSL) gives today's knowledge workers the "freedom to succeed" with software, services and partner offerings that help them understand and optimize their businesses. More than 6,000 organizations worldwide use Hyperion's analytic application software products, which include market-leading packaged analytic applications, and OLAP server technology and tools. Hyperion's customers include more than 60 of the Fortune 100 and more than 40 of the Financial Times European Top 100 companies. In addition, more than 300 leading data warehousing, OLAP tools, services, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , packaged application, and platform alliance partners extend the value of Hyperion's products and services to deliver maximum flexibility and choice to customers. Headquartered in Sunnyvale, Calif., the company has offices in 26 countries. Information on Hyperion's products and services is available at http://www.hyperion.com, info@hyperion.com, or 800/286-8000. About Hyperion Essbase OLAP Server In use today by more than 2,500 companies, Hyperion Essbase OLAP Server is a strategic analytical platform optimized for enterprise management reporting, analysis and planning applications. It supports multi-user read/write access, large-scale data capacity, robust analytical calculations, rich attribute analyses, and sophisticated OLAP queries and delivers it all in a web-centric architecture across multiple open hardware platforms. Hyperion Essbase provides intuitive multidimensional data navigation and consistent, rapid response times in network-centric computing environments. The world record holder for the fastest performance in the industry standard APB-1 OLAP benchmark, Hyperion Essbase delivers speed of thought response times to thousands of users, leveraging hundreds of analytic applications and analyzing hundreds of terabytes of information. Hyperion Essbase allows corporations to deliver analytic applications directly from operational systems or within an overall enterprise data warehousing architecture. Analytic applications commonly implemented with Hyperion Essbase include e-Business Analytics, Enterprise Performance Management, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. Analytics, Manufacturing Analytics, Demand Management Analytics, HRM HRM Her/His Royal Majesty HRM Human Resources Management HRM Heart-Rate Monitor HRM Halifax Regional Municipality (Canada) HRM Hotel Restaurant Management HRM Hrvatska Ratna Mornarica (Croatian Navy) Analytics and Industry Solutions. More than 300 Hyperion alliance partners, including Baan, i2, 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, PeopleSoft, ShowCase and Walker, leverage Hyperion Essbase as a strategic enterprise OLAP platform for analytic applications. Note to Editors: Callidus Software, TrueComp, TrueComp Manager, TrueComp Modeler, TrueComp Viewer and TrueChannel are trademarks of Callidus Software, Inc. Hyperion and Essbase are registered trademarks and Hyperion and Hyperion Essbase are trademarks of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners. |
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