Hyperion, recently positioned in the leader quadrant of Gartner`s 2005 Magic Quadrant for corporate performance management (CPM) suites, has also been named to the visionary quadrant in the research firm`s newly released Magic Quadrant for business intelligence platforms.
Gartner evaluated the Hyperion BI Platform according to "completeness of vision" and "ability to execute". It defines visionaries as having a clear vision of market direction and being focused on preparing for that. However, there remains room for improvement in terms of optimising service delivery.
"Our success in performance management is directly tied to our capabilities in business intelligence and our BI advances in Hyperion System 9," says Marc Scheepbouwer, MD of local Hyperion distributor Intellient.
"Hyperion System 9 BI+ helps our users quickly and intuitively report against relational and multidimensional sources in one session, using one interface. We are also delivering the broadest business intelligence functionality through the integration of reporting with financial management applications in Hyperion System 9. Now, customers are not forced to choose between a great business intelligence platform and a seamless path to performance management. They can have both."
According to Gartner, the business intelligence platform market is expected to continue to grow at a solid pace during the next five years. Organisations are increasing their spending, particularly as business intelligence evolves from its reactive departmental roots to become more pervasive and strategic.
The research firm also predicts that the long-term prospects for the market look solid, especially as large organisations embrace corporate performance management and work to comply with various government regulations.
"Traditionally, business intelligence was just for senior executives and analysts, but many companies are now extending their BI platform capabilities throughout the organisation to operational workers and managers," Scheepbouwer says. "Hyperion System 9 delivers on the vision of a business performance management system that breaks down the barrier between business and IT. It is one of the first to make it possible for everyone in the organisation to learn and use business intelligence and to integrate a BI platform with financial management applications."
Hyperion BI+, as part of Hyperion System 9, also works with Hyperion Master Data Management (MDM) Services to provide consistent master data definitions across the organisation, and allows business users to directly manage complex, rapidly changing master data.
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Intellient provides business intelligence (BI) and business performance management (BPM) solutions to midsize and large organisations that require support for their management cycle. Intellient strives to provide solutions that improve organisational growth and profitability for their customers. This is achieved through Hyperion System 9, which includes data analysis and integration services; querying and reporting, performance scorecarding, modelling, budgeting, planning, forecasting, financial consolidation and reporting.
Hyperion software is used by more than 10 000 customers globally and by over 60 companies locally. As a member of the EOH (Enterprise Outsourcing Holdings) group of companies, Intellient distributes Hyperion Solutions to the southern African market. Visit www.intellient.co.za for further details.
Hyperion
Hyperion Solutions Corporation is the global leader in business performance management software. More than 10 000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organise and analyse it, then communicate it across the enterprise. Along with the industry`s most comprehensive and flexible set of interoperable applications, Hyperion offers the leading business intelligence platform optimised to support business performance management solutions. Named one of the Fortune 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries.
A network of more than 600 partners provides the company`s innovative and specialised solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended 30 June 2005 and is traded under the Nasdaq symbol HYSL. For more information, visit www.hyperion.com.
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