This is the text of the letter that went out to Hyperion customers this morning.
I am extremely pleased to announce that today Oracle has entered into a
definitive agreement whereby Oracle will acquire Hyperion.
The acquisition of Hyperion extends Oracle's business intelligence
product strategy. Customers are increasingly using performance
management and business intelligence together. Hyperion provides
best-in-class performance management software to over 12,000 customers
worldwide, including 91 of the Fortune 100. Hyperion will add
complementary products to Oracle's leading business intelligence
offerings, including a leading open enterprise planning system,
financial consolidation products, and a powerful multi-source OLAP
server. Coupled with Oracle's BI tools and pre-packaged analytic
applications, the combination redefines business intelligence and
performance management by providing the first integrated, end-to-end
Enterprise Performance Management System that spans planning,
consolidation, operational analytic applications, BI tools, reporting,
and data integration, all on a unified BI platform. The system will
help you define corporate strategy and objectives, drive corporate
planning against these objectives, consolidate system-wide information,
and monitor business performance against your plans. It will offer you
better insight, enable you to make better decisions, and achieve better
results.
The transaction yields immediate benefit to both Hyperion and Oracle
customers, as the companies' products are already integrated, with
thousands of successful joint deployments. The proposed combination
extends Hyperion's capabilities beyond the finance department with
operational analytic applications and complementary BI tools from
Oracle. Oracle customers will gain access to Hyperion's best-of-breed
performance management solutions and to our domain expertise in
financial management. Oracle also plans to continue delivering on its
plans for "Hot-Pluggable" Business Intelligence, enabling our customers
to continue to leverage existing investments in Oracle and non-Oracle
data sources and enterprise applications.
Oracle's strategy is to Protect, Extend, Evolve…
Protect. As we work to deliver the value of the combined companies with
accelerated product innovation, we are equally focused on protecting
your investments through Oracle's Lifetime Support Policy. Oracle will
maintain support for heterogeneous databases, technology, and ERP and
CRM applications as it continues ongoing development of Hyperion
solutions. Oracle will offer seamless continuity for all customers.
Extend. Oracle and Hyperion complementary products are already
interoperable. The combination will provide new capabilities in a
standards-based, integrated BI/ Performance Management/Analytics
platform and enterprise software stack with a common vision.
Evolve. Customers can evolve, at their own pace, to the next generation
of Oracle's standards-based applications — Oracle Fusion Applications —
built on Fusion Middleware and Oracle BI, including Hyperion
technology.
Please be assured that all of your existing Hyperion contacts for
support, professional services, and sales remain the same. We hope you
will join us for Solutions 2007 in Orlando, FL on April 22-25. We are
very excited about this conference and we will be providing an
opportunity for our customers to learn more about this announcement.
In the weeks and months ahead, we will provide you with ongoing
information about the integration plan. Between now and the close of
the acquisition, expected in April, we will operate as separate
companies. Be assured that customer satisfaction continues to be our
highest priority as we plan the transition. Please contact one or both
of us with any questions you may have.
Comments