Christopher Webb
Hyperion
(408) 220 8198
Chris_webb@hyperion.com

Kimberly Culp
Brodeur Worldwide (for Hyperion)
(408) 348 4848
Bvandyke@brodeur.com

SUNNYVALE, Calif., April 10, 2001 - Hyperion (Nasdaq: HYSL), a global leader in business analysis software, today announced that Hyperion Enterprise has earned the highest software product evaluation rating from SPEX, the leading Web-based end user-oriented IT research firm. Headquartered in Reston, Virginia, SPEX is a division of META Group (Nasdaq: METG).

Hyperion Enterprise earned an 'Excellent Plus"' SPEXmark rating in an evaluation of 'Financial Reporting, Consolidation and Analysis Solutions - 2000-2001.' Hyperion Enterprise outscored all other products reviewed as part of the report, which included offerings from ERP vendors and a number of point solution providers.

SPEX evaluates products across four categories: functionality, user-friendliness, technology and market strength. Hyperion Enterprise received either "Outstanding" or "Excellent" ratings in the categories of Functionality, Usability, and Market Strength, as well as in the overall score. The SPEX product evaluation made note of key Hyperion Enterprise strengths including global functionality and language support, robust reporting and analysis tools, powerful organizational modeling capabilities, and integration capabilities with major ERP systems through Hyperion Application Link.

"Organizations are increasingly challenged to engage in highly efficient collaborative financial management functions that go beyond traditional reporting and consolidation. We are seeing demand for this broadened application scope within our client base requiring today's leading applications to support greater sophistication in functionality as well as a solid and scalable architecture," said David Keithley, Senior Research Analyst at SPEX.

Tom Finstein, vice president and general manager of Hyperion's Financial Products Business Unit, said, "We are all delighted that this latest version of Hyperion Enterprise continues to lead the market for Financial Consolidation and Reporting software applications. Hyperion Enterprise is complemented by a well rounded suite of financial management software applications that can meet the financial reporting, analysis, modeling and planning needs of almost any organization, and each of the main products can justifiably claim leadership by market share, capabilities or both."

More than 3,500 customers use Hyperion Enterprise to consolidate diverse financial information and to better understand and improve overall financial performance. Highlights of the SPEX evaluation will be available on the Hyperion's Web-site at http://www.hyperion.com/spex.

About SPEX
SPEX is the leading Internet authority for enterprise and Web-based software technology evaluations. A division of META Group (Nasdaq: METG), SPEX provides comprehensive enterprise software evaluations via the Internet to help global companies quickly select critical business applications and IT solutions. Additional information about SPEX and samples of SPEX evaluations can be found at www.checkspex.com.

About Hyperion Enterprise
Hyperion Enterprise is the leading financial consolidation, reporting and analysis solution for companies worldwide. Used by more than 3,500 organizations, this packaged, analytic application simplifies the collection, consolidation and reporting of financial results in a global environment, reduces the time organizations spend on these activities, and greatly enhances financial analysis and planning capabilities.

Hyperion Enterprise offers unmatched financial consolidation features, scalability to handle the largest and most complex application requirements, superior end-user reporting and analysis tools, web-enabled information delivery and update, fast implementation and unparalleled ease of use. Hyperion Enterprise is unique in its ability to handle the wide range of financial consolidation and reporting requirements under US GAAP, International Accounting Standards (IAS), and other local and regional accounting requirements, while also delivering actionable management information for timely decision-making.

Additional information about Hyperion Enterprise is available at http://www.hyperion.com/enterprise.cfm

About Hyperion
Hyperion (Nasdaq: HYSL) is a global leader in business analysis software. Hyperion helps business leaders plan, manage and execute on strategies by analyzing information on e-business initiatives, supply chain execution, customers, operations and finance. The company's market-leading Hyperion Essbase technology, packaged business analysis applications and tools are used by more than 6,000 organizations worldwide, including more than 60 of the Fortune 100, 63 of the Nikkei Top 100 and more than 40 of the Financial Times European Top 100. In addition, more than Hyperion alliance partners deliver technology, applications and services to increase the flexibility and choice for customers. Headquartered in Sunnyvale, California, the company has offices in 26 countries. More information is available at http://www.hyperion.com, info@hyperion.com, or 1-800-286-8000.