Ketera and Hyperion Announce Partnership to Deliver Operational BI Capabilities

  
    
  
  
    
      Ketera, the leading provider of On-Demand Spend Management solutions, 
      and Hyperion (Nasdaq Global Select: HYSL), the global leader in Business 
      Performance Management (BPM) software, today announced they have signed 
      an OEM partnership agreement to deliver operational BI capabilities to 
      customers. Ketera plans to integrate its on demand (web-based) solution 
      with a traditional, on-premise application supported by Hyperion behind 
      a corporate firewall, which will be a milestone in the rapid evolution 
      of the Software-as-a-Service (SaaS) market.
    
    
      This technical breakthrough is a realization of the long-awaited promise 
      of operational Business Intelligence (BI), which allows customers to 
      capture and analyze spend data in real-time to optimize business 
      operations. As a result of this partnership, CFOs will be able to use 
      Ketera’s on demand solutions to track the 
      performance and status of their spend management initiatives anytime 
      from anywhere via a Hyperion dashboard. This will give CFOs clear 
      visibility into dollars spent so they can act quickly and take advantage 
      of savings opportunities.
    
    
      Also as a result of this partnership, Ketera will integrate the Ketera 
      Spend Management suite with Hyperion System 9 BI+ Interactive Reporting 
      to deliver on-demand reporting functionality to customers. This will 
      allow the more than 30,000 Ketera users to leverage the power of Hyperion’s 
      BI solution within Ketera’s on-demand 
      environment. Likewise, Hyperion’s 12,000 
      customers will be able to easily adopt Ketera’s 
      Spend Management suite, and immediately get visibility into the 
      performance of their strategic sourcing and procure-to-pay processes.
    
    
      “The ability for senior managers to respond 
      quickly to changing conditions and optimize business operations is more 
      critical than ever,” said Godfrey Sullivan, 
      president and CEO of Hyperion. “This 
      integration of Ketera’s on demand Spend 
      Management solution with Hyperion Interactive Reporting demonstrates how 
      the combination of real-time, operational spend data and financial 
      metrics will drive savings that go directly to the bottom line.”
    
    
      “This will be a significant breakthrough and 
      milestone for the SaaS movement,” said Burton 
      M. Goldfield, CEO, Ketera Technologies. “One 
      of the criticisms of SaaS solutions has been their lack of 
      enterprise-class integration with solutions behind the corporate 
      firewall. We are enthusiastic about this new partnership with Hyperion 
      as it will allow two enterprise-class solutions, one delivered on demand 
      and the other installed behind the firewall, to be tightly integrated 
      and provide more meaningful financial and operational metrics to CFOs in 
      real-time.”
    
    
      “One of the common myths in the market has 
      been that SaaS cannot play an important role in the ‘back-office’ 
      of major corporations because it could not integrate with on-premise 
      applications,” said Jeffrey M. Kaplan, 
      managing director of THINKstrategies and founder of the 
      Software-as-a-Service Showplace. “The 
      Ketera/Hyperion partnership will disprove this myth and demonstrate how 
      on-demand and on-premise solutions can be integrated to provide 
      corporate executives with critical data which wasn’t 
      available in the past.”
    
    
      About Ketera 
    
    
      Ketera is the fastest-growing provider of on-demand spend management 
      solutions, providing companies with the applications and services needed 
      to control and reduce corporate spending. Ketera’s 
      closed-loop spend management solutions include applications for spend 
      analysis, sourcing, contract management, procurement, supplier 
      enablement & content management, supplier performance management, and 
      invoice management.
    
    
      Since its inception, Ketera has supported enterprises customers of all 
      sizes, industries and geographies, including numerous Fortune 500 
      companies. In 2006, Ketera surpassed $4 trillion in spend analyzed and 
      more than $1 billion in transactions between buyers and suppliers. Many 
      of the world’s leading enterprise companies, 
      including ServiceMaster, American Express, Kennametal, Con-way, and 
      Northrop Grumman Corporation depend on Ketera Spend Management to 
      deliver real, hard-dollar savings quickly.
    
    
      For more information about Ketera and the Ketera Spend Management suite 
      of services, please visit http://www.ketera.com.
    
    
      “Hyperion,” the 
      Hyperion 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.