Hyperion continues revenue leadership of worldwide business performance management market
SANTA CLARA, Calif., Sept. 29, 2006--Hyperion (Nasdaq Global Select:HYSL), the global leader in Business Performance Management software, today announced it has once again been recognized as the clear market share leader of the worldwide business performance management (BPM) software market, according to a new market report issued this week by IDC. The IDC Market Analysis report, Worldwide Business Performance Management Applications 2006-2010 Forecast and 2005 Vendor Shares (September 2006, #203414), shows that Hyperion owns a 19.3 percent share of the global BPM applications market, more than twice the share of its closest competitor. Hyperion has been the revenue leader in the global BPM market since 1999. This market is comprised of financial planning/budgeting, consolidation, costing/profitability, and scorecarding analytic applications.
"Hyperion continues to command the BPM market," said Kathleen Wilhide, research director for compliance and business performance management solutions at IDC, and author of the IDC Market Analysis. "Hyperion is expanding its BPM solutions suite and further integrating it with strategies such as the Hyperion System 9 Foundation Services, which supports data sharing, synchronization, and security. Because the issue of data integration, consistency, and quality is a stumbling block to success for many BPM projects, the additions of Hyperion System 9 Financial Data Quality Management and Hyperion Master Data Management to its suite reflect the company's increased focus on data quality and the ability to synchronize data across its solution set. These are needed tactical capabilities that have a strategic impact, considering current market pressures such as increased scrutiny on financial reporting."
The report also pinpoints how Hyperion is helping to drive trends that will shape the BPM market for the remainder of the decade. In particular, IDC notes that "the BPM market is poised to move from 'measuring performance' to 'managing performance,' which is only possible when integrated with operational information and processes."
Hyperion led this trend with the 2005 launch of Hyperion System 9, the industry's only BPM solution to integrate financial management and analysis applications with a business intelligence (BI) platform. Hyperion System 9 provides a unified system aimed at enabling organizations to improve their financial and operational performance.
"Two truths are immediately clear from IDC's latest market forecast: Hyperion is unquestionably the dominant market force in BPM, and Hyperion System 9 typifies the kind of integrated BPM and BI platform that customers want and need," said Godfrey Sullivan, president and CEO of Hyperion. "As the IDC report shows, the future of BPM will be charted by vendors who bring financial and operational data together in a unified platform that helps enterprises derive faster, more accurate insights from their business performance. With Hyperion System 9, Hyperion is making that future happen today."
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, visit www.hyperion.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 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 September 1, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
"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.
CONTACT: Hyperion Caroline Japic, 408-588-8537 firstname.lastname@example.org
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