Fiat Group Chooses Hyperion For Its Business Performance Management StrategySUNNYVALE, Calif., April 20, 2004 - Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced that FIAT Group, one of the world’s leaders in the automotive industry, has chosen Hyperion Business Performance Management software as its unified platform for managing its statutory consolidation, management and group treasury reporting activities. By the end of this year, FIAT Group will be using Hyperion’s software for reporting and consolidation in compliance with the IAS/IFRS principles of both its financial statement and forecast information. By implementing the new solution, FIAT Group aims to improve the current level of information available to the group’s decision makers in terms of timeliness, accuracy, detail and reliability. Hyperion’s solution will enable the company to keep track of information related to its financial statements and provide consistent reporting procedures across the group’s different business units. In addition, the software will allow users to perform multidimensional navigations based on field, legal entity and business unit views. With the creation of a global process based on Hyperion’s software, FIAT Group aims to reduce the time it takes to complete its financial statements consolidation and reporting cycle. The group will also decrease the need for manual processes, such as balancing consolidated and import/export data, and improve the cost/performance ratio for the management of administrative processes. Other expected key benefits include: the elimination of redundant IT systems; the time reduction of system maintenance; and greater integration between the institutional reporting, directional and treasury activities as well as the production, field, administration and control systems. “We are pleased that a major automotive company such as FIAT has chosen Hyperion for its Business Performance Management strategy, said Rich Clayton, vice president of product marketing at Hyperion. By enabling the integration of the business and finance management cycles and the various data coming from back-office systems, Hyperion’s software will help ensure that the decision-making process within the whole organization is aligned with the strategic goals of the group. Headquartered in Turin, Italy FIAT Group has clients in more than 190 countries worldwide through its various groups: Fiat Auto, Ferrari and Maserati (automotive); CNH (agricultural and construction equipment); Iveco (commercial vehicles); Magneti Marelli (components); Comau (production systems); Teksid (metallurgical components); Business Solutions (services) and Itedi (publishing and communications). About Hyperion 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 2,600 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion together with recently acquired Brio Software Inc. generated combined annual revenues of $612 million for the 12 months ending June 30, 2003. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. 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 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 February 9, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. Hyperion, the Hyperion 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. FOR FURTHER INFORMATION: Barbara Maigret Hyperion 408 220 8729 barbara_maigret@hyperion.com |