Hyperion completes UpStream Software acquisition

Issued by Predictive Communications for Intellient
Johannesburg, 14 Jun 2006

Hyperion, distributed locally by Intellient, has completed the acquisition of privately held UpStream Software, thereby becoming a major provider of packaged solutions for financial data quality management.

The acquisition extends Hyperion`s business performance management and business intelligence offerings with data readiness and guided workflow solutions for tracking the movement of financial information.

"Combined, the solutions enable customers to generate trustworthy financial data, improve visibility of financial data management processes, save time in critical financial processes and lower the overall cost of compliance," says Marc Scheepbouwer, MD of Intellient.

"The lack of confidence in financial data is a problem that can paralyse an organisation. The addition of UpStream`s technology to the Hyperion business performance management portfolio provides customers with a robust financial data quality solution to reduce business risk and meet compliance and performance management needs."

UpStream, named to the Inc 500 list of fastest growing private companies in America, is a long-time preferred partner of Hyperion. The two companies have a successful record of working together to deliver joint solutions that enable financial data quality, including data collection and transformation, internal control, repeatable financial processes and audit trails back to source systems.

Financial data quality management is a key component of the overall data quality market, estimated by Forrester Research to be a $407 million market in 2006, with a predicted 17% compound annual growth rate.

Data quality is part of the broader data management category, which includes related technologies such as data modelling, data movement, data security and master data management.

"Faced with broadening compliance requirements and spiralling audit fees, finance and IT managers are grappling with the triple threat of shorter filing deadlines, diverse data sources and inefficient financial data management processes," Scheepbouwer continues. "With a lack of confidence in financial data leading to increased business risk, solving the financial data quality problem is a top priority."

Hyperion customers such as Honeywell, ITT Industries, Primedia and Unisys have turned to UpStream to provide technology to solve financial data quality problems.

Intellient

Intellient provides business intelligence (BI) and business performance management (BPM) solutions to medium 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 11 000 customers globally and by over 80 companies locally. As a member of the EOH Group of companies, Intellient distributes Hyperion Solutions to the southern African market.

Visit www.intellient.co.za for further details.

Hyperion

Hyperion Solutions is global player in business performance management software. More than 11 000 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 organisation. Hyperion offers the industry`s only business performance management solution that integrates financial management applications with a business intelligence platform into a single system.

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 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, please visit www.hyperion.com.

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