Hyperion to Acquire Decisioneering
23 Gennaio 2007 - 10:03PM
Business Wire
Hyperion (Nasdaq Global Select: HYSL), the global leader in
Business Performance Management (BPM) software, today announced it
has signed a definitive agreement to acquire Decisioneering, a
privately held decision analysis software and solutions company
headquartered in Denver, Colorado. Hyperion will operate
Decisioneering as a stand-alone Hyperion business unit. Business
Performance Management today requires predictive analytic
applications that enable businesses to make decisions that maximize
success while mitigating risk and understanding uncertainty.
Decisioneering�s award-winning software, Crystal Ball, is the
industry-leading predictive analytics, simulation and modeling tool
built for business users. Crystal Ball includes a full suite of
Microsoft Excel-based predictive analytic applications that are
easy to use and implement. This acquisition of Decisioneering will
allow Hyperion to integrate risk management more deeply into its
solutions that automate the business management cycle. �Most
planning activities, be they financial or operational, require a
healthy dose of prognostication; but today most rely on a
seat-of-the-pants approach to prophesizing future performance,
a.k.a. guesswork,� said John Hagerty, vice president and research
fellow at AMR Research. �Hyperion is looking to close this gap
between guesswork and statistical prediction by acquiring an
experienced vendor: Decisioneering.� Risk and uncertainty exist in
every business decision, from launching new initiatives to
allocating scarce resources among projects. Decisioneering�s
business-user-oriented technology enables companies to quantify
risk and uncertainty across the enterprise to make good decisions
and focus on business drivers that impact success and value.
Crystal Ball leverages sophisticated modeling and simulation
techniques, enabling companies to gain insight into the range of
possible business planning outcomes, quantify the likelihood and
impact of those outcomes, and make decisions that balance risk and
reward. As a result, companies can make higher value decisions,
achieve alignment across the enterprise driven by agreement on key
business drivers, and realize accountability for risk and
uncertainty in their plans. �Pairing Crystal Ball�s simulation
capabilities with Hyperion�s modeling base will allow companies
like ours to better quantify the risks associated with our business
plans,� said Joe Mazumdar, project analysis manager at Newmont
Mining Corp., a joint customer of Hyperion and Decisioneering. �In
our fast moving and increasingly uncertain world, companies need to
be able to account for risk in their decision making processes,�
said Jon Temple, executive vice president of Hyperion�s Worldwide
Field Organization. �Hyperion�s acquisition of Decisioneering will
embed sophisticated modeling and simulation techniques in the
Hyperion management cycle, helping users understand risk and
enabling decisions that are not only most likely to succeed, but
also highly beneficial.� �For 20 years, we�ve been providing
Crystal Ball software to business managers and users who need easy
access to powerful predictive analytic capabilities for decision
making and planning,� said Jim Franklin, president and CEO of
Decisioneering. �As part of Hyperion, we will not only be adding
our predictive analytics capabilities to Hyperion�s suite of
applications, but also helping extend the power of BPM beyond the
CFO�s office.� Crystal Ball is recognized as the standard by its
4,600 customers and 140,000 business users who benefit from the
application�s Monte Carlo simulation functionality, low cost of
ownership, and fast time-to-value. Operations, finance and IT
decision makers in 85 percent of Fortune 500 companies use Crystal
Ball for capacity planning, new project evaluation, capital
investment, Six Sigma, and other areas of operational analytics.
Crystal Ball is also embedded in the curriculum of over 700
business schools and universities around the world. The acquisition
is expected to close within the next month and is subject to
customary closing conditions. Terms of the agreement were not
disclosed. About Hyperion Hyperion Solutions 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, contact us at
http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
�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. Safe Harbor Statement This press release contains
forward-looking statements that involve risks and uncertainties
concerning Hyperion�s proposed acquisition of Decisioneering, Inc.,
Hyperion�s expected financial performance (including without
limitation as described in the quotations from management in this
press release), as well as Hyperion�s strategic and operational
plans. Actual events or results may differ materially from those
described in this press release due to a number of risks and
uncertainties. The potential risks and uncertainties include, among
others, the possibility that the transaction will not close, that
the closing may be delayed; the reaction of customers of Hyperion
and Decisioneering, Inc. to the transaction; Hyperion�s ability to
successfully integrate Decisioneering, Inc.�s operations and
employees; the introduction of new products by competitors or the
entry of new competitors into the markets for Hyperion�s and
Decisioneering, Inc.�s products; and economic and political
conditions in the U.S. and abroad. 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
(�SEC�), including the company's quarterly report on Form 10-Q
filed on November 8, 2006 and annual report on Form 10-K filed on
September 1, 2006 which are available at the SEC�s website at
www.sec.gov. Neither Hyperion nor Decisioneering, Inc. undertake
any obligation to update these forward-looking statements to
reflect events or circumstances after the date of this press
release.
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