Hyperion (NASDAQ:HYSL)
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Hyperion (Nasdaq Global Select: HYSL), the global leader in Business
Performance Management (BPM) software, today announced it has signed a
definitive agreement to acquire Decisioneering, a privately held
decision analysis software and solutions company headquartered in
Denver, Colorado. Hyperion will operate Decisioneering as a stand-alone
Hyperion business unit.
Business Performance Management today requires predictive analytic
applications that enable businesses to make decisions that maximize
success while mitigating risk and understanding uncertainty.
Decisioneering’s award-winning software,
Crystal Ball, is the industry-leading predictive analytics, simulation
and modeling tool built for business users. Crystal Ball includes a full
suite of Microsoft Excel-based predictive analytic applications that are
easy to use and implement. This acquisition of Decisioneering will allow
Hyperion to integrate risk management more deeply into its solutions
that automate the business management cycle.
“Most planning activities, be they financial
or operational, require a healthy dose of prognostication; but today
most rely on a seat-of-the-pants approach to prophesizing future
performance, a.k.a. guesswork,” said John
Hagerty, vice president and research fellow at AMR Research. “Hyperion
is looking to close this gap between guesswork and statistical
prediction by acquiring an experienced vendor: Decisioneering.”
Risk and uncertainty exist in every business decision, from launching
new initiatives to allocating scarce resources among projects.
Decisioneering’s business-user-oriented
technology enables companies to quantify risk and uncertainty across the
enterprise to make good decisions and focus on business drivers that
impact success and value. Crystal Ball leverages sophisticated modeling
and simulation techniques, enabling companies to gain insight into the
range of possible business planning outcomes, quantify the likelihood
and impact of those outcomes, and make decisions that balance risk and
reward. As a result, companies can make higher value decisions, achieve
alignment across the enterprise driven by agreement on key business
drivers, and realize accountability for risk and uncertainty in their
plans.
“Pairing Crystal Ball’s
simulation capabilities with Hyperion’s
modeling base will allow companies like ours to better quantify the
risks associated with our business plans,”
said Joe Mazumdar, project analysis manager at Newmont Mining Corp., a
joint customer of Hyperion and Decisioneering.
“In our fast moving and increasingly
uncertain world, companies need to be able to account for risk in their
decision making processes,” said Jon Temple,
executive vice president of Hyperion’s
Worldwide Field Organization. “Hyperion’s
acquisition of Decisioneering will embed sophisticated modeling and
simulation techniques in the Hyperion management cycle, helping users
understand risk and enabling decisions that are not only most likely to
succeed, but also highly beneficial.”
“For 20 years, we’ve
been providing Crystal Ball software to business managers and users who
need easy access to powerful predictive analytic capabilities for
decision making and planning,” said Jim
Franklin, president and CEO of Decisioneering. “As
part of Hyperion, we will not only be adding our predictive analytics
capabilities to Hyperion’s suite of
applications, but also helping extend the power of BPM beyond the CFO’s
office.”
Crystal Ball is recognized as the standard by its 4,600 customers and
140,000 business users who benefit from the application’s
Monte Carlo simulation functionality, low cost of ownership, and fast
time-to-value. Operations, finance and IT decision makers in 85 percent
of Fortune 500 companies use Crystal Ball for capacity planning,
new project evaluation, capital investment, Six Sigma, and other areas
of operational analytics. Crystal Ball is also embedded in the
curriculum of over 700 business schools and universities around the
world.
The acquisition is expected to close within the next month and is
subject to customary closing conditions. Terms of the agreement were not
disclosed.
About Hyperion
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, contact
us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
“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.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties concerning Hyperion’s
proposed acquisition of Decisioneering, Inc., Hyperion’s
expected financial performance (including without limitation as
described in the quotations from management in this press release), as
well as Hyperion’s strategic and operational
plans. Actual events or results may differ materially from those
described in this press release due to a number of risks and
uncertainties. The potential risks and uncertainties include, among
others, the possibility that the transaction will not close, that the
closing may be delayed; the reaction of customers of Hyperion and
Decisioneering, Inc. to the transaction; Hyperion’s
ability to successfully integrate Decisioneering, Inc.’s
operations and employees; the introduction of new products by
competitors or the entry of new competitors into the markets for Hyperion’s
and Decisioneering, Inc.’s products; and
economic and political conditions in the U.S. and abroad. 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
(“SEC”), including
the company's quarterly report on Form 10-Q filed on November 8, 2006
and annual report on Form 10-K filed on September 1, 2006 which are
available at the SEC’s website at www.sec.gov.
Neither Hyperion nor Decisioneering, Inc. undertake any obligation to
update these forward-looking statements to reflect events or
circumstances after the date of this press release.