Thursday, March 01, 2007

News Release - Oracle To Acquire Enterprise Performance Management Leader Hyperion

 Nice stock pop this morning for HYSL (up ~20% at the moment).  It'll be interesting to see how this plays out for Business Objects (BOBJ), Cognos (COGN), and SAS (privately held).  BOBJ and COGN are in the same mkt cap ballpark as HYSL (~$3.3B for both, the same amount Oracle bid for HYSL), and there's going to be a natural tendency toward further market segment consolidation, with Microsoft and Oracle both including broad BI capabilities in their respective superplatform offerings. 

Hyperion (Nasdaq Global Select: HYSL), a leading global provider of performance management software solutions today announced that it has agreed to be acquired by Oracle Corporation through a cash tender offer for $52.00 per share, or approximately $3.3 billion.

"Requirements for Performance Management and Business Intelligence solutions are increasingly converging," said Hyperion Chief Executive Officer Godfrey Sullivan. "Given the critical need for managers across the enterprise to align operational decisions with strategy, now is the right time for Hyperion to combine with a strategic partner like Oracle to deliver the first, integrated end-to-end Enterprise Performance Management System."

Source: News Release - Hyperion

No comments: