Hyperion Again Listed in Visionary Quadrant in new Analyst Report on Performance Management
- 25 October, 2004 11:11
<p>SYDNEY – October 25, 2004: Hyperion (Nasdaq: HYSL) has once again been named to the visionary quadrant for Corporate Performance Management (CPM), according to a just-released report by Gartner, Inc., a leading industry analyst firm. According to the Magic Quadrant for CPM Suites, Hyperion was evaluated on “completeness of vision” and its “ability to execute.”</p>
<p>Gartner’s report relies on the vision and ability to execute criteria to evaluate solutions providers in the category. According to Gartner, “visionaries have a clear vision of market direction and are focused on doing that, but they can still improve in terms of optimising service delivery.”
“Hyperion's position in the visionary quadrant is further confirmation that we have the right strategy at the right time,” said Russell Evans, Managing Director of Hyperion Australia. “Our customers are relying on Hyperion for innovative products and the most complete solutions in the market to drive breakthrough performance from the board room to the frontlines. We're delivering on our vision and are pleased to see this reflected in the latest Magic Quadrant.”
Gartner defines CPM as the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. Hyperion uses a similar term, Business Performance Management, to define its solutions that are designed to help businesses translate strategies into plans, monitor execution and provide insight to improve financial and operational performance.
About The Magic Quadrant
The Magic Quadrant is copyrighted 2004 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.</p>
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 specialized solutions and services.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com.au</p>
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<p>Safe Harbor 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 September 13, 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. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.</p>
<p>The Gartner Magic Quadrant for Corporate Performance Management was issued on Oct. 14, 2004, and was authored by analysts Brian Wood, Frank Buytendijk and Lee Geishecker.</p>
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