University of Vermont Chooses Hyperion Software for Advanced Financial Analysis

Business Performance Management Supports University Growth Initiative

SUNNYVALE, Calif., March 29, 2004 -- Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced that the University of Vermont has chosen Hyperion software to support its growth initiatives. Using Business Performance Management solutions for consolidation, planning, forecasting and modeling activities, the university expects to better understand how its growth plans will ultimately impact finances.

Overlooking the shores of Lake Champlain, the University of Vermont combines the faculty-student relationships commonly found in a small liberal arts college with the resources of a major research university. With nearly $120 million in annual grant funding, the university ranks in the top 120 of 900 colleges and universities surveyed for federal support of research and development. Its growth initiative includes new graduate research programs and facilities. According to Mike Gower, vice president for finance and administration at the university, identifying a system that would provide improved financial analysis capabilities was one of his primary tasks upon joining the staff last fall.

"In order to achieve the university's growth objectives, we need to better understand our financial position," explained Gower. "To do that, we must have sophisticated financial management tools for planning and analysis, as well as a consolidation solution that would move us away from the inefficiency and complexity of spreadsheets."

A previous Hyperion customer, Gower chose Hyperion Financial Management software to help consolidate the ledgers of the university's multiple colleges and approximately 100 departments, and also for financial modeling. Hyperion Strategic Finance software will be used to forecast and plan the university's balance sheet, income statement and cash flow, including debt forecasting. In addition, the university plans to implement Hyperion Performance Scorecard to help assess progress against its strategic objectives.

Hyperion's Web-based and scalable software will initially be used by the finance department and will later be expanded for use in operations. Its deployment is an important step in the university's path to growth, according to Gower.

"Hyperion software should help us see how our growth initiatives will really impact us in the long term, and will also help us determine how to best deploy our resources to make our plans become a reality," he said.

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., 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.

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.

SOURCE Hyperion Solutions Corporation
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