Oracle Buys Enterprise Performance Management Leader Hyperion
12,000 Companies Use Hyperion Software Including 91 of the Fortune 100
REDWOOD SHORES, Calif., March 1 -- Oracle (NASDAQ:ORCL) today announced that it has agreed to buy Hyperion Solutions Corporation (NASDAQ:HYSL), a leading global provider of performance management software solutions, through a cash tender offer for $52.00 per share, or approximately $3.3 billion.
"The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market," said Oracle CEO Larry Ellison. "Hyperion's EPM software coupled with Oracle's Business Intelligence (BI) tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting."
"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."
"Hyperion is the latest move in our strategy to expand Oracle's offerings to SAP customers," said Oracle President Charles Phillips. "Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system of record. Oracle already has PeopleSoft HR, Siebel CRM, G-Log, Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed at SAP's largest ERP customers. Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyze their underlying SAP ERP data."
"We expect this transaction to be accretive to Oracle's earnings on a non-GAAP basis by at least one cent per share in fiscal year 2008 and by at least four cents per share in fiscal 2009," said Oracle President and CFO, Safra Catz. "Given the size of our global organization and the complementary nature of our businesses, we should recognize substantial revenue synergies and significant economies of scale."
The transaction is subject to customary conditions and is expected to close in April 2007. More information is available at http://www.oracle.com/hyperion
Oracle will host a conference call today, Thursday, March 1, at 5:30 a.m. (PST) / 8:30 a.m. (EST) to discuss the acquisition. A live audio webcast of the call will be made available on the Oracle Investor Relations website at www.oracle.com/investor.
Interested parties may participate live via telephone by calling +1.913.312.1303 (no passcode needed). The webcast will be available for replay for seven days following the conference call. The replay number is (719) 457-0820, passcode 1946731.
Q3 Earnings Announcement
Oracle will release its fiscal third quarter results on Tuesday, March 20, and will hold a conference call and web broadcast to discuss the results at 2:00pm (PDT) / 5:00pm (EDT). To access the live web broadcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/
Source: Oracle Corporation
CONTACT:
Letty Ledbetter,
Public Relations,
+1-650-506-8071,
letty.ledbetter@oracle.com
Krista Bessinger,
Investor Relations,
+1-650-506-0456,
investor_us@oracle.com
Web site: http://www.oracle.com/
