Oracle Positioned in the Leaders Quadrant for Corporate Performance Management Suites Magic Quadrant
REDWOOD SHORES, Calif. 24-DEC-2007 05:00 AM
Oracle today announced that it has been positioned in the leaders quadrant in the recent Gartner report, "Magic Quadrant for Corporate Performance Management Suites, 2007."(1) The report evaluates vendors for their ability to execute and completeness of vision.
Gartner defines the Corporate Performance Management (CPM) Suites market as, "the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting; the methodologies that drive some processes, including the balanced scorecard, or value-based management; and the metrics used to measure performance against strategic and operational performance goals." Gartner also notes that, "to be effective, CPM must be supported by a suite of analytical applications that provide functionality to support these processes, methodologies and metrics."(2)
"Information can only drive insight and action if it is timely, accurate and in the right hands at the right time," said Rich Clayton, vice president, Business Intelligence and Performance Management Marketing, Oracle. "With Oracle Enterprise Performance Management System, we are breaking down information silos within organizations -- enabling CFOs, line-of-business managers and IT executives to confidently utilize their data assets to drive better visibility, planning and alignment across the enterprise. We believe Oracle's position in the leaders quadrant for Corporate Performance Management Suites further validates our vision and strategy in this sector."
As a result of the convergence of Corporate Performance Management and Business Intelligence technologies, organizations need integrated enterprise performance offerings. A component of Oracle® Fusion Middleware, the comprehensive and integrated Oracle Enterprise Performance Management (EPM) System brings together category-leading performance management applications, packaged business intelligence applications, and business intelligence foundation and tools products into a complete and integrated system for managing and optimizing performance across business functions. The offering's hot-pluggable architecture helps customers extend the value of their performance management and analytic applications across heterogeneous IT environments.
Demonstrating its commitment to deliver innovative Business Intelligence and EPM offerings, Oracle is planning a number of enhancements for the upcoming release of its EPM System including new XBRL capabilities, improved drill back functionality, a new profitability and cost management application, and the release of Oracle's Essbase Studio and Oracle Enterprise Performance Management Smart Space. Additional information regarding these previews can be found at: www.oracle.com/corporate/press/2007_nov/openworld-sf-2007-hyperion-system9-preview.html.
For a complimentary copy of Gartner's "Magic Quadrant for CPM Suites, 2007" report, visit: www.oracle.com/corporate/analyst/reports/ent_apps/index.html.
About Oracle Business Intelligence and Enterprise Performance Management
Oracle Business Intelligence is a portfolio of technology and applications that provides the industry's first integrated, end-to-end Enterprise Performance Management System, including category-leading performance management applications, BI applications, BI foundation and tools, and data warehousing. For more information visit: www.oracle.com/epm.
About Oracle Fusion Middleware: Leader in Middleware
The company's comprehensive, standards-based family of middleware products, Oracle Fusion Middleware software spans portals and process managers to application infrastructure, developer tools, enterprise content management and business intelligence. Oracle Fusion Middleware enables organizations to increase their capacity for growth and change; improve insight into business operations; mitigate risk and drive compliance; and connect with customers, partners, and workers. More than 50,000 customers now use Oracle Fusion Middleware and include leading organizations in the Financial Services, Telecommunications, Manufacturing, Retail, Pharmaceuticals, Health Care and Public Sector industries. Oracle Fusion Middleware is also supported by 9,000 partners, including market-leading independent software vendors, value-added resellers and system integrators. For additional information visit: www.oracle.com/middleware.
About The Gartner Magic Quadrant (Magic Quadrant Disclaimer)
The Magic Quadrant is copyrighted December 19, 2007, 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.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at www.oracle.com.
Contact(s):
Rebecca Hahn
Oracle
+1.714.445.4611
rebecca.hahn@oracle.com
Kristin Reeves
Blanc and Otus for Oracle
+1.415.856.5145
kreeves@blancandotus.com
