Oracle to acquire HyperRoll

Oracle plans to acquire HyperRoll, a maker of financial reporting acceleration software, for an undisclosed cash amount, reports InternetNews.

Company officials say the deal is expected to close sometime later this year. In a release announcing the purchase, Oracle says all of HyperRoll's employees are expected to remain with the newly combined company.

HyperRoll's data performance management software helps improve financial reporting performance, shrink the close cycle of new sales, and improve visibility of financial data to managers. In its first quarter, the privately held firm said it improved its total licensing revenue by 533% from the year-ago quarter.

IBM has acquired RedPill Solutions, a customer analytic services that focuses on industries such as financial services, telecommunications, technology and hospitality, according to Business Standard.

Financial details were not disclosed. RedPills data models and expertise, developed through the successful execution of multiple analytic projects, would enhance IBM's current work to improve the speed and quality of clients business decisions, says the company.

Analytic services were also an integral part of IBM's Smarter Planet strategy, which helped companies turn information into a strategic asset, make smarter business decisions and better understand the outcomes of those decisions, the release said.

IDashboards has released a software-as-a-service (SaaS) application housed on the Amazon Elastic Cloud, iDashboards In Cloud, says InformationManagement.

IDashboards In Cloud users can identify trends and drill down into data through its real-time analytics capability, according to a company release. The application uploads Microsoft Excel spreadsheets to create its customisable Web-based dashboards.

Shadan Malik, president and CEO of iDashboards emphasises that Excel is one of the most prevalent data sources in the industry and that appealing to its users will allow them to view data in a much more user-friendly way.