Printer Friendly
The Free Library
14,634,800 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Hyperion Continues Revenue Leadership of Worldwide Business Performance Management Market.


New Analyst Report Shows Hyperion with Double the Market Share of its Closest Competitor as Solutions Align with Corporate Priorities

SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba.
, Calif. -- Hyperion (Nasdaq Global Select:HYSL), the global leader in Business Performance Management software, today announced it has once again been recognized as the clear market share leader of the worldwide business performance management (BPM) software market, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a new market report issued this week by IDC. The IDC Market Analysis report, Worldwide Business Performance Management Applications 2006-2010 Forecast and 2005 Vendor Shares (September 2006, #203414), shows that Hyperion owns a 19.3 percent share of the global BPM applications market, more than twice the share of its closest competitor. Hyperion has been the revenue leader in the global BPM market since 1999. This market is comprised of financial planning/budgeting, consolidation, costing/profitability, and scorecarding 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. .

"Hyperion continues to command the BPM market," said Kathleen Wilhide, research director for compliance and business performance management solutions at IDC, and author of the IDC Market Analysis. "Hyperion is expanding its BPM solutions suite and further integrating it with strategies such as the Hyperion System 9 Foundation Services, which supports data sharing The ability to share the same data resource with multiple applications or users. It implies that the data are stored in one or more servers in the network and that there is some software locking mechanism that prevents the same set of data from being changed by two people at the same time. , synchronization (1) See synchronous and synchronous transmission.

(2) Ensuring that two sets of data are always the same. See data synchronization.

(3) Keeping time-of-day clocks in two devices set to the same time. See NTP.
, and security. Because the issue of data integration, consistency, and quality is a stumbling block stum·bling block
n.
An obstacle or impediment.


stumbling block
Noun

any obstacle that prevents something from taking place or progressing

Noun 1.
 to success for many BPM projects, the additions of Hyperion System 9 Financial Data Quality Management and Hyperion Master Data Management to its suite reflect the company's increased focus on data quality and the ability to synchronize See synchronization.  data across its solution set. These are needed tactical capabilities that have a strategic impact, considering current market pressures such as increased scrutiny on financial reporting."

The report also pinpoints how Hyperion is helping to drive trends that will shape the BPM market for the remainder of the decade. In particular, IDC notes that "the BPM market is poised to move from 'measuring performance' to 'managing performance,' which is only possible when integrated with operational information and processes."

Hyperion led this trend with the 2005 launch of Hyperion System 9, the industry's only BPM solution to integrate financial management and analysis applications with a business intelligence (BI) platform. Hyperion System 9 provides a unified system aimed at enabling organizations to improve their financial and operational performance.

"Two truths are immediately clear from IDC's latest market forecast: Hyperion is unquestionably un·ques·tion·a·ble  
adj.
Beyond question or doubt. See Synonyms at authentic.



un·question·a·bil
 the dominant market force in BPM, and Hyperion System 9 typifies the kind of integrated BPM and BI platform that customers want and need," said Godfrey Sullivan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Hyperion. "As the IDC report shows, the future of BPM will be charted by vendors who bring financial and operational data together in a unified platform that helps enterprises derive faster, more accurate insights from their business performance. With Hyperion System 9, Hyperion is making that future happen today."

About Hyperion

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 Global Select:HYSL) is the global leader in Business Performance Management software. More than 12,000 customers in 90 countries rely on Hyperion both for insight into current business performance and to drive performance improvement. With Hyperion software, businesses collect, analyze and share data across the organization, linking strategies to plans and monitoring execution against goals. Hyperion integrates financial management applications with a business intelligence platform into a single management system for the global enterprise. For more information, visit www.hyperion.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

Statements in this press release other than statements of historical fact are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, including, but not limited to, statements concerning 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, 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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 filed on September 1, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

"Hyperion" and Hyperion's product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 29, 2006
Words:751
Previous Article:A.M. Best Features Best's Directory of Recommended Insurance Attorneys at DRI Conference.(Directory)
Next Article:AssurX's CATSWeb OnDemand Solution for Global Quality Management System is Selected by Mercury Computer Systems, Inc.
Topics:



Related Articles
Hyperion Reports First Quarter Results; Launches New Hyperion e-Business Division.
HYPERION PERFORMANCE SCORECARD ENHANCED BY ARTHUR ANDERSEN'S VALUE DYNAMICS FRAMEWORK.
Hyperion Launches Alliance for Performance Leadership at Solutions 2006; Alliance to Promote Advancement of Business Performance Management Includes...
Hyperion Introduces Easy Discovery of Business Performance Management Content Via Google OneBox for Enterprise.
Jon Temple Joins Hyperion as EVP Worldwide Field Organization.
Billabong Catches BPM Wave With Hyperion System 9 Financial Management.
Hyperion Certified Once Again as Five-Star Vendor By CMP's VARBusiness Magazine.(Company overview)
Hyperion Sponsors New Global Academic Study Measuring Performance Management Among Top Enterprises.(Company overview)
Hyperion System 9 Software Continues to Drive BPM Standardization Through Innovation, Market Leadership, and Customer Adoption.(Company overview)
Robert Powers Joins Allegient Systems as Chief Technology Officer.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles