NYT : Oracle Acquires Hyperion

Friday, March 2, 2007

The Oracle Corporation, the database software giant, confirmed yesterday that it would buy the Hyperion Solutions Corporation for $3.3 billion to increase its position in the fast-growing market for tools to help executives analyze business performance.  Oracle will pay $52 in cash for each Hyperion share, a 21% premium over Wednesday’s closing price of $42.84.  The deal is the latest in a steady stream of takeovers for Oracle as it seeks to surpass SAP of Germany in the market for business software that help companies manage everything from human resources to accounting to supply chains.  Hyperion supplies analytical software that culls through volumes of corporate data to help companies uncover underlying trends about their business performance.  Oracle has spent more than $20 billion in the last two years on acquisitions of companies like Siebel and PeopleSoft in search of growth as its core database software market matures…..

Analysts viewed the price as reasonable and said Oracle’s deal — while not surprising — could potentially pressure rivals like I.B.M. and SAP to make a move for Hyperion rivals like Cognos or Business Objects.  Hyperion competes with Business Objects and Cognos in the market for business intelligence software that helps companies sift through data to detect trends and other information.  Oracle said Hyperion, which reported revenue of $222.9 million in its most recent quarterly report, has more than 12,000 customers, including 91 of the Fortune 100 companies.

Reference : http://www.nytimes.com/2007/03/02/technology/02oracle.html?ei=5088&en=4b6aee2fc5e09ba2&ex=1330491600

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