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From the News Desk
Friday, 2. March 2007
Oracle to Acquire Hyperion
Oracle has confirmed it will buy the Hyperion Solutions Corporation for USD3.3 billion to increase its position in the fast-growing market for tools to help executives analyse business performance.
Oracle will pay USD 52 in cash for each Hyperion share, a 21 per cent premium over its last closing date.
For Oracle this deal signifies another milestone as it seeks to surpass Germany’s SAP as the world’s leading maker of business software. Over the last few years Oracle has been growing inorganically by acquiring companies that business software that can manage everything from accounting to supply chain to RFID. Hyperion supplies analytical software that culls through volumes of corporate data to help companies uncover underlying trends about their business performance.
Oracle has spent more than USD20 billion in the last two years on acquiring companies like Siebel, PeopleSoft and India’s iFlex, in search of growth as its core database software market matures and as SAP makes inroads in its home turf USA.
"The acquisition of Hyperion makes Oracle the category leader in the high- growth enterprise performance management market," Oracle's chief executive, Lawrence Ellison, said in a statement.
On the other hand, Richard Williams, director of research at ICAP in Jersey City, New Jersey, said, "This deal is what you do when you can't grow organically rapidly enough". He also said, "Hyperion has a very fine suite of analytic solutions".
Oracle will pay USD 52 in cash for each Hyperion share, a 21 per cent premium over its last closing date.
For Oracle this deal signifies another milestone as it seeks to surpass Germany’s SAP as the world’s leading maker of business software. Over the last few years Oracle has been growing inorganically by acquiring companies that business software that can manage everything from accounting to supply chain to RFID. Hyperion supplies analytical software that culls through volumes of corporate data to help companies uncover underlying trends about their business performance.
Oracle has spent more than USD20 billion in the last two years on acquiring companies like Siebel, PeopleSoft and India’s iFlex, in search of growth as its core database software market matures and as SAP makes inroads in its home turf USA.
"The acquisition of Hyperion makes Oracle the category leader in the high- growth enterprise performance management market," Oracle's chief executive, Lawrence Ellison, said in a statement.
On the other hand, Richard Williams, director of research at ICAP in Jersey City, New Jersey, said, "This deal is what you do when you can't grow organically rapidly enough". He also said, "Hyperion has a very fine suite of analytic solutions".
