Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Intel Validates Hyperion Financial Management Performance and Scalability

  • 16 July, 2004 12:35

<p>Hyperion Software Scales to Support Faster Financial Consolidation Cycles and Reduction in Compliance Costs</p>
<p>SUNNYVALE, Calif., July 16, 2004 – Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced that Hyperion Financial Management, the company’s Web-based, global collection, financial consolidation, reporting and analysis solution, tested favourably for scalability and performance by Intel® Solution Services. The results of the third-party scalability test validated that Hyperion Financial Management can be fully scalable to 1,000 concurrent users or more while meeting industry standard response times for end-user tasks. This benchmark represents the second Hyperion and Intel Business Performance Management application performance scalability test.</p>
<p>“Hyperion Financial Management is setting the industry standard for financial management application scalability,” said John O’Rourke, senior director of application product marketing for Hyperion. “Customers who need to improve their financial consolidation cycles and reduce costs associated with compliance across the extended enterprise will win as a result.”</p>
<p>There is a growing demand for financial and operational accountability across the enterprise –companies are increasingly relying on packaged financial applications that help them comply with today’s rigorous requirements in a cost-effective fashion.
The test sizing and scalability methodology created by Intel Solution Services for Hyperion Financial Management combined simulated user behaviour running against hardware configurations that included 4-way servers based on Intel® Xeon ™ Processors MP operating at 2.80 GHz with 4 GM RAM.</p>
<p>“Intel Solution Services, working with Hyperion, found that the financial management application performed extremely well under tremendous load, and delivered excellent industry- standard user response times,” said Catherine Sigmar, managing director, Intel Solution Services. “Intel Solution Services consultants and Hyperion were able to demonstrate the application’s ability to scale with a growing enterprise.”</p>
<p>About Hyperion
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers – including 91 of the FORTUNE 100 – rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading business intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialised solutions and services.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,600 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion – together with recently acquired Brio Software Inc. – generated combined annual revenues of $612 million for the 12 months ending June 30, 2003. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. only).</p>
<p># # #</p>
<p>Safe Harbour Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on August 13, 2003 and the Report on Form 10-Q filed on May 10, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.</p>
<p>“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion. Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation or it’s subsidiaries in the United States and other countries. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.</p>
<p>Media Contact:
Claire Hosegood
Kinetics
+612 9976 6611
claire@kinetics.com.au</p>

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