INTERNATIONAL DATA CORP NAMES HYPERION SOLUTIONS
THE ANALYTIC APPLICATIONS REVENUE LEADER
A recent report released by International Data Corp. (IDC) cites Hyperion Solutions Corp. as the clear leader in analytic applications, with nearly 18 percent market share.
The IDC report, Analytic Applications: 1998 Worldwide Markets and Trends (IDC No. 17524), also identifies Hyperion as the dominant provider of financial-related analytic applications, with more than 36 percent of the market. The report ranks vendors in the analytic applications market based upon revenue data from the 1997 calendar year.
IDC's preliminary analysis of 1998 trends indicates that Hyperion will maintain its position as the leading supplier in this market. IDC also predicts the analytic applications market will exceed $3.6 billion in revenues by the year 2002.
A second report, Data Warehousing Tools: 1998 Worldwide Markets and Trends (IDC No. 17622), segments the data warehouse tools market into three categories: data management, warehouse generation and information access tools. The three categories form the underlying platform for analytic solutions.
Hyperion Solutions, with its Hyperion Essbase OLAP (online analytical processing) Server and tools, is one of the leading suppliers in the information access category. IDC predicts the data warehouse information access tools market will reach $3.5 billion by 2002.
IDC's analytic applications report highlights Hyperion's leadership in multi-source financial consolidation, and in budgeting and planning. According to the report, the financial consolidation sector "is dominated by Hyperion Solutions with its (Hyperion) Enterprise product." Hyperion Pillar leads the budgeting and planning category in the report, the largest individual category of analytic applications.
"Hyperion Solutions is the dominant provider of analytic applications," said Henry Morris, program director of Data Warehousing and Information Access research at International Data Corp.
"Hyperion's packaged applications are the leading solutions in the financial-related analytic application segment, the largest category in the 'buy' market for analytic solutions. Based on the strength of the Hyperion Essbase product family, Hyperion is also one of the leading providers of information access tools for analytic solution 'builders.'"
About Hyperion Enterprise and Hyperion Pillar
Hyperion Enterprise is a leading packaged analytic application for financial consolidation, reporting, analysis, and planning, installed at more than 2,500 companies worldwide. Using built-in financial intelligence, it delivers a complete global view of financial information, speeds up accounting closings, reconciles multiple general ledgers and disparate charts of accounts, and excels at legal and financial reporting.
Hyperion Enterprise also manages complex currency translations, worldwide mergers and acquisitions, and intercompany eliminations with ease.
Hyperion Pillar is the market-leading enterprise budgeting, planning and forecasting application installed in over 1,300 companies worldwide. Chosen as the best solution for budgeting by Global Finance and preferred by customers 3 to 1 over Oracle, Hyperion Pillar is a packaged analytic application that manages the distributed, collaborative process of budgeting planning and forecasting. It allows companies respond to changing business conditions through iterative budget revisions and financial statements.
About Hyperion Essbase OLAP Server and Hyperion Integration
Server
Hyperion Essbase OLAP Server is a strategic platform optimized for enterprise management reporting, analysis, and planning applications. It supports multi-user read/write access, large-scale data capacity, robust analytical calculations, and sophisticated OLAP queries.
Hyperion Essbase provides intuitive multidimensional data navigation, which reduces the time and effort involved in training new users, as well as consistent, rapid response times in network-centric computing environments. Beyond integration with standard desktop tools, Hyperion Essbase seamlessly integrates with more than 50 best-in-class tools and application modules from Hyperion Essbase-Ready partners.
Hyperion Integration Server is a suite of graphical tools and scalable data integration services that dramatically reduce the time and expense to create, deploy and manage analytic applications. Hyperion Integration Server uses centralized, reusable metadata to automate the process of creating and managing analytic applications from relational data sources such as data warehouses, data marts, transaction processing applications and enterprise resource planning (ERP) systems using Hyperion Essbase.
Hyperion Integration Server allows users to seamlessly navigate from summarized, calculated and derived data managed by Hyperion Essbase to detail data stored in relational sources.
About IDC
International Data Corp. is the information technology industry's most comprehensive resource on worldwide IT markets, trends, products, vendors, and geographies. IDC provides data, analysis and advisory services to the world's leading IT suppliers as well as IS professionals in finance, insurance, entertainment, advertising, consumer goods and publishing.
IDC's research and opinions are based on the results of more than 300,000 end-user surveys, in-depth competitive analysis, broad technology coverage, and strategic analysis. IDC is committed to providing global research with local content through its 500 analysts in more than 40 countries worldwide. Additional information on IDC can be found on its Web site at http://www.idc.com. IDC is a division of International Data Group, the world's leading IT media, research, and exposition company.
About Hyperion Solutions
Hyperion Solutions Corp. is a leading provider of analytic application software for reporting, analysis, modeling and planning. Hyperion's family of packaged analytic applications, OLAP server, and reporting, presentation, analysis and application development tools are in use by more than 4,400 customers worldwide, including more than 60 of the Fortune 100 and more than 40 of the Financial Times European Top 100.
Hyperion Solutions has established partnerships with more than 300 leading data warehousing, OLAP tools, services, ERP, packaged application, and platform vendors to extend the value of the company's products and services and deliver maximum flexibility and choice to customers. The company is headquartered in Sunnyvale, and has more than 1,800 employees in 26 countries. Information on Hyperion's products and services is available at http://www.hyperion.com info@hyperion.com, or 800/286-8000.