Oracle did it again! An Acquisition of Hyperion and the BI Market is on Fire!
Oracle aquired Hyperion as the latest event in the dynamic Business Intelligence market. The market is exploding and there's more going on than meets the eye......
WOW, the latest announcement from Oracle in their acquisition strategy is to acquire Hyperion; IDC's #4 ranked BI vendor on their 2005 market leader in analysis tools grid.
There was much speculation that Oracle was on an acquisition shopping trip last year; sifting through Business Objects and others, but they set their sites on Hyperion and snagged them in their March 1 announcement (the link is below).
There has been a lot of consolidation in the marketplace and more to come. And what a hot market BI is today, yielding over 50 billion a year in revenue and growing in the low teens every year. This once sleepy sector ruled by statisticians, is now the CFO’s darling, ranking near the top of many companies technology purchases.
Hyperion’s purchase is quite the hit, as Hyperion is a leading provider of financial planning and management software including the tools used for monitoring and analyzing a company’s key performance metrics- if there was ever an entrance into the CFO’s door, Oracle has found it here! I encountered Hyperion in my days at Lawson, when we offered the Hyperion essbase product to beef up Lawson financials way back when, so this is a very mature product line with deep roots in the CFO’s office.
Not only that, Oracle’s announcements reads "Hyperion is the latest move in our strategy to expand Oracle's offerings to SAP customers," said Oracle President Charles Phillips. "Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system of record. Oracle already has PeopleSoft HR, Siebel CRM, G-Log, Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed at SAP's largest ERP customers. Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyze their underlying SAP ERP data."
As we reported here in Techslog last year, IBM was courting SAS (or vice versa) so expect more BI acquisitions to occur in this dynamic market.
Oracle announcement Oracle Announcement
Information week Article What's Next in BI?
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