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by David R. Brousell, MA Editorial Staff Posted on Thursday, March 01, 2007 5:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Enterprise application provider Oracle adds more business intelligence capabilities with the deal, aims squarely at rival SAP. |
| Keywords: | Oracle, acquires, Hyperion, acquisition, business intelligence, $3.3 billion, BI, enterprise performance management, corporate performance management, EPM, CPM, SAP |
Describing it as a continuation of the company's successful strategy in business intelligence software, Oracle Corp. today said it would acquire competitor Hyperion Solutions Corp., a developer of financial applications, business intelligence software, and data management services, for $3.3 billion. Oracle officials positioned the acquisition of Hyperion's analytical applications as complementary to Oracle's analytical tool offerings, saying it creates what they claimed is the industry's first end-to-end software suite for what has become known as enterprise performance management (EPM). "The acquisition of Hyperion is a strategically important acquisition and a continuation of a very successful plan to create the most comprehensive and open enterprise software stack in the industry," Oracle President Charles Phillips said on a conference call this morning. "Normally, we buy category leaders. This is no exception." [Click to continue] |
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