Hyperion enhances global partner program to meet demand for industry-specific BPM solutions
SANTA CLARA, Calif., Dec. 4, 2006 -- As part of a long-term effort to deliver industry-specific solutions that extend to all parts of the enterprise, Hyperion (Nasdaq Global Select:HYSL), the global leader in Business Performance Management (BPM) software, today announced SolutionsNet. A new offering of Hyperion's Global Partner Program, SolutionsNet enhances support for partners who offer targeted BPM solutions built on Hyperion System 9 software.
SolutionsNet is the latest development in Hyperion's strategy to answer the needs of specific industries with the world's leading BPM platform. For years, Hyperion has worked closely with a growing ecosystem of partners to help organizations struggling to gain visibility into performance data locked away in multiple areas of the enterprise. By combining the foundation of Hyperion System 9 software with partners' domain expertise, Hyperion customers have been able to integrate data from their financial and non-financial operations in a single system for managing performance throughout the business.
By leveraging Hyperion System 9 and partner solutions via SolutionsNet, organizations are linking strategies to plans, continuously monitoring execution against goals, and driving enterprise-wide performance improvement.
"Hyperion's partners have responded to demand from customers to address business pains that are unique to specific industries, from banking and insurance to retail and healthcare," said Mercedes Ellison, vice president of Global Partner Sales at Hyperion. "Time and again, these partners have looked to Hyperion for the BPM platform that has indisputably proven itself in the finance office and is being applied elsewhere so customers can actively manage more parts of their business. SolutionsNet extends Hyperion's reach into the enterprise while offering business opportunities to partners, as well as to customers."
With support from the SolutionsNet Program, solution providers can optimize Hyperion's applications to apply the benefits of BPM to problems that are unique to certain industries, such as retail or banking. Some combined solutions also address the needs of key organizational functions, such as sales, human resources, or supply chain operations. Meanwhile, Hyperion plans to continue to evolve System 9 to address more horizontal needs, such as risk management and profitability analysis, which SolutionsNet partners can further customize for specific industries.
SolutionsNet Extends Reach of BPM
Hyperion's SolutionsNet Program makes it easy for customers to find solutions that expand their use of Hyperion software - moving beyond finance to multiple functions throughout the enterprise. An entire portfolio of industry-specific solutions is available via leading consultants, integrators and application developers serving key industries.
Industries already served by SolutionsNet partners include:
-- Consumer Packaged Goods: ReadHyPlan from Accenture; Sales Targeter from Answerthink
-- Banking: Banking Enterprise Risk Management from IBM Global Business Services; Balance Sheet / Driver Based Planning Solution for Banks from WHITTMANHART
-- Insurance: Insurance Accelerator from IBM Global Business Services
-- Healthcare: Healthcare Performance Management from Ranzal & Associates
-- Manufacturing (Discrete): Revenue Performance Management with HP OpenView, a Process Aware Business Intelligence solution delivered by Accenture; Automotive Finance Portal from IBM Global Business Services
-- Pharmaceutical: Pharmaceutical Performance Management from IBM Global Business Services
-- Retail: Pace for Merchandise Planning from Palladium Group, Inc.; Retail Decisions from Teradata; Map Intelligence from Integeo
-- For a complete list, visit: www.hyperion.com/partners/partner_program
Hyperion's Solutions and Industry Marketing organization, which was formed this year, will work with the Global Partner organization to broaden SolutionsNet offerings across all key industries and lines of business.
"BPM has already proven itself in the finance office. But a company's financial operations clearly touch every aspect of its business, so it's logical to apply these efficiencies to other parts of the enterprise," said Madan Sheina, principal analyst at ComputerWire. "Hyperion's SolutionsNet initiative responds to a growing demand for solutions that stretch BPM beyond finance. By partnering with solutions providers that have strong industry or line of business domain expertise, Hyperion is effectively targeting BPM at key pain points in the enterprise. This initiative not only directly solves more business problems, but it extends Hyperion's enterprise reach and offers new opportunities for partners."
Hyperion offers SolutionsNet partners an opportunity to broaden the visibility of their solutions - not just to current Hyperion customers, but also to prospective customers and through Hyperion's global field organization. Program participants benefit from enhanced visibility on Hyperion's Web site, inclusion in online and printed solution catalogs, and opportunities to participate in the Solutions Pavilion at annual Hyperion Solutions events.
Enterprises are extending their reliance on Hyperion BPM software beyond finance because Hyperion System 9 boasts a unique range of capabilities, from reporting and analysis to modeling and planning - all of which are essential to managing performance throughout an organization. Hyperion System 9 is an integrated and modular suite of applications built on a common set of foundation services and accessed via the unified Business Performance Management Workspace. This flexible and powerful platform enables companies to integrate performance management and reporting between finance and non-financial operations.
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
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of the SolutionsNet program 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 attract key partners, the successful and timely development of new products and partner solutions, 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 filed on September 1, 2006 and the Report on Form 10-Q filed on November 8, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
CONTACT: Hyperion Caroline Japic, 408-588-8537 email@example.com
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