Hyperion sharpens BPM focus with products and Alcar acquisition. (BI News Review).
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. Corp has given its strongest signal yet to its business intelligence rivals that it intends to dominate the rapidly emerging market for business performance management (BPM) software.
First, the company announced that it is working on advancements in its Essbase XTD analytic engine to support what the company calls "integrated BPM". Essbase is a multidimensional query Asking for a multidimensional view of data. See multidimensional views and MDX. and analysis engine that Hyperion gained from its purchase of 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. specialist Arbor Software See Hyperion. in 1998.
In two separate announcements, Hyperion also announced new versions of its four packaged applications that comprise its BPM Suite See BPM. as well as its intent to buy Alcar Group Inc, a privately held financial modeling solutions company.
Officials at Sunnyvale, California-based Hyperion say that the new version of Essbase XTD will provide enhanced performance management reporting capabilities, hybrid analysis capabilities for simultaneous analysis of relational and OLAP data structures, enhanced scalability through connection pooling The ability to open several connections to a database and distribute those connections to the next available request for data. On the Web, connection pooling is performed to improve performance. , database clustering, loadbalancing and failover, and an extended set of APIs and drag-and drop components for rapid application development.
Hyperion also unveiled version 3 of its four packaged applications--Planning, Financial Management, Performance Scorecard, and Business Modeling--that collectively make up its BPM Suite. The new versions feature enhanced process support, robust collaboration capabilities, and tighter integration across the four applications. For example, support for cascading plans and scorecards allows for the linking of high-level corporate strategy to individual performance. A model-linking function captures cross-departmental dependencies to support enterprise-wide processes such as consolidated demand plans. All four applications are now designed on a consistent UI and support singlesign capabilities.
Hyperion followed up by releasing details of its intent to buy Alcar Group, a pioneering financial modeling software solutions and consultancy firm. Alcar's solution provides a software framework for analyzing and modeling the financial impact of business decisions, such as mergers and acquisitions, divestitures, and capital allocations. The purchase will help Hyperion to embed em·bed also im·bed
v. em·bed·ded, em·bed·ding, em·beds
1. To fix firmly in a surrounding mass: embed a post in concrete; fossils embedded in shale. best practice financial and operational modeling capabilities into its BPM Suite. For example, users of Hyperion's Strategic Finance product will be able to analyze and model the balance sheet and cash flow projections A Cash Flow Projection is an attempt to forecast the cash flows that will be generated by an asset, often a company, over a specified time frame. Methodology
Projections can be made with varying levels of detail, but any cash flow projection for a business entails of a proposed merger or acquisition in the same BPM environment used for financial planning Financial planning
Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , budgeting, and reporting.
Prior to the acquisition, both companies had worked closely together as partners for seven years. The financial terms of the deal, which is expected to close in the next few weeks, were not disclosed. Founded in 1979 by two value-based management thought leaders, Alcar has around 40 employees and is headquartered in Skokie, Illinois. The company claims around 200 customers. Hyperion says all Alcar's employees with be retained.