SANTA CLARA, Calif., Aug. 8, 2005 – Helzberg Diamonds, a leading United States jewelry retailer, will leverage the power of the most recent release of the Hyperion Business Intelligence Platform – including Hyperion Essbase 7X and Hyperion Performance Suite 8.3 – to deliver data to its 265 stores in 37 states. The company currently uses products from Hyperion (Nasdaq: HYSL), the leading provider of Business Performance Management software, for budgeting and financial reporting as well as nationwide inventory and assortment planning. Helzberg’s IT department also uses Hyperion Performance Suite to create reports and dashboards for its sales, finance and merchandising groups.

“Hyperion Business Intelligence Platform will be used throughout the company for budgeting and performance management,” said Butch Jagoda, Vice President and CIO at Helzberg Diamonds. “The fast calculation speeds of Hyperion Essbase 7X makes it possible to deliver meaningful data down to the store level. With that information, we can fine tune operations as necessary and improve overall performance.”

The recent purchase is a migration to the latest versions of Hyperion Performance Suite and Hyperion Essbase, creating an integrated solution that will allow the company to add users and expand the system to replace existing relational data marts, so that dashboards can present data from both Hyperion Essbase and a DB2 data warehouse. The combined content from both OLAP and relational databases will make it possible for all users to gain added insight into business performance and to plan and budget appropriately.

“Hyperion Essbase is mission critical to Helzberg; it makes it easier for us to deploy Business Intelligence throughout our company and gives us the performance to quickly deliver results at the desktop level,” Jagoda said. “On the enterprise reporting side, Hyperion Performance Suite has been carrying us, but no one can touch Hyperion as far as analytics go.”

Hyperion partner ThinkFast Consulting played a key role in the purchase, delivering proof of concept on the latest version of Hyperion Essbase and providing additional Hyperion Performance Suite licenses.

About Helzberg Diamonds

Helzberg Diamonds, a subsidiary of Berkshire Hathaway, located in North Kansas City, MO, is one of the nation’s leading fine jewelry retailers, employing nearly 3,000 associates at more than 265 stores nationwide. The company has grown for over 90 years by carefully nurturing relationships with customers, associates, and being a participating citizen in each community served. For more information, visit www.helzberg.com.

About Hyperion

Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organize and analyze it, then communicate it across the enterprise. Along with the industry’s most comprehensive and flexible set of interoperable applications, Hyperion offers the leading Business Intelligence platform optimized to support Business Performance Management solutions.

Named one of the FORTUNE 100 Best Companies to Work For(2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company’s innovative and specialized solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.

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“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion Solutions Corporation. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.

Ian Yellin, 408-588-8462
ian_yellin@hyperion.com

Jennifer Leggio
Hyperion
408 588 8473
Jennifer_Leggio@Hyperion.com