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Oracle: Article

Oracle Gobbles Hyperion – Price: $3.3 Billion

Hyperion's business performance management software will be merged into Oracle's own business intelligence (BI) product.
By Oracle News Desk
Article Rating:
March 1, 2007 11:00 AM EST
Reads:
 9,628
“This will represent the most comprehensive business intelligence line compared to Cognos and Business Objects, who tend to have few analytic applications and no database,” said Oracle president Charles Phillips (pictured) as Oracle today announced its biggest software purchase since Siebel: the $3.3 billion acquisition of Hyperion.

Oracle shares closed up 14 cents yesterday, at $16.43.

In comparison Siebel cost Oracle $5.9 billion, and Peoplesoft $10.3 billion.

Published March 1, 2007 – Reads 9,628
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

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