Hyperion and Sun to deliver 100 percent Solaris OS-based business performance management solutions for SPARC and AMD Opteron processor-based systems
SUNNYVALE, Calif. and SANTA CLARA, Calif., Aug. 31, 2004 -- Hyperion (Nasdaq: HYSL) and Sun Microsystems, Inc. (Nasdaq: SUNW), today announced a multi-year global agreement to develop and market business performance management solutions running on Sun's Solaris(TM) Operating System (OS). The joint solutions will address customers' need for greater business insight across their organizations.
Companies are challenged by a highly competitive business climate and new compliance regulations -- including the Sarbanes-Oxley act in the United States and International Financial Reporting Standards in Europe -- that demand both greater performance and higher levels of control and transparency. Hyperion and Sun integrated solutions will provide the scalability and performance businesses need for fast, cost-effective enterprise-wide Business Performance Management deployments that will enable them to quickly collect and analyze their financial and non-financial data to gain insight and improve business performance.
"We are a global organization and it is crucial to our business to maintain 24x7 availability. Using Hyperion's software on Sun's platform, we get the stability, service and high availability that Sun provides while obtaining insight into our IT spending at the most granular level," Janis Hogue, CIO and senior vice president of Information Technology for Hudson Advisors. "With the information provided by Hyperion's software, the entire Global IT team feels a greater accountability for expenditures, and is better aligned with goals that are key to the company's success."
Under the terms of the agreement, Sun and Hyperion will market and co-sell integrated solutions across the financial, telecommunications and retail industries and lines of businesses such as sales, marketing, and human resources. The Hyperion and Sun offering builds on the enterprise-class, virtually unparalleled security and compelling price of the industry's #1 UNIX(R) OS, Solaris. This includes the Solaris platform on Opteron and SPARC(R) processor-based systems, and spanning the Java(TM) Enterprise System, and the Java Desktop System.
"Sun provides a rock-solid platform for deploying business intelligence solutions from low-cost Opteron systems to the largest enterprise-capable SPARC processor-based systems," said Stephen Borcich, vice president, Market and Industry Development at Sun. "By deepening our joint technology development and investment, Sun and Hyperion are further enabling customers to run the familiar, safe and reliable Solaris OS to avoid interruption in their environments, while leveraging a higher ROI."
"Hyperion and Sun have been working together to help our customers meet their business goals by driving the adoption of Business Performance Management solutions as enterprise standards," said Bill Gaylord, vice president, Market Development for Hyperion. "Our joint solutions will allow customers to easily and cost-effectively deploy Business Performance Management solutions that can scale to meet the current and future needs across their global enterprise."
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers -- including 91 of the Fortune 100 -- rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company's innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit http://www.hyperion.com, http://www.hyperion.com/contact us or call 800-286-8000 (U.S. only).
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer(TM)" -- has propelled Sun Microsystems, Inc. to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com
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 anticipated product features, the 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 filed on August 13, 2003 and the Report on Form 10-Q filed on May 10, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
NOTE: "Hyperion," the Hyperion "H" logo 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.
Sun, Sun Microsystems, the Sun logo, Java, Solaris, and The Network Is The Computer are registered trademark of Sun Microsystems, Inc. in the United States and other countries.
UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd.
All SPARC trademarks are used under license and are trademark or registered trademarks of SPARC International, Inc. in the US and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.
Barbara Maigret Hyperion +1-408-220-8729 firstname.lastname@example.org Terri Molini Sun Microsystems +1-408-276-6105 email@example.com Monica Giannella-Read For Sun Microsystems +1-408-218-0795 firstname.lastname@example.org
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