Oracle is on the acquisition trail again, this time snapping up performance management software company Hyperion for about $3.3-billion.
The transaction is expected to be finalised in April, until which both companies will operate independently.
Charles Phillips, president of Oracle, says the acquisition should extend Oracle's business intelligence capabiilties to offer a comprehensive system for enterprise performance managemnet.
"A year ago, Oracle significantly reoriented our business intelligence product suite, shifting our focus from offering a solution that works for Oracle-only environments towards offering a best-of-breed business intelligence product family that will work with heterogeneous information sources in an enterprise, both Oracle and non-Oracle," Phillips explains in a letter to customers.
"We introduced a new product family called Oracle Business Intelligence Enterprise Edition. This integrated suite includes Business Intelligence Tools; Oracle Business Intelligence Applications, pre-packaged analytic applications that provide interactive dashboards, guided analytics, a pre-packaged data warehouse, and integration with source data in Oracle, Siebel, PeopleSoft, and SAP applications; and Oracle Data Integrator, a state-of-the-art data integration and ETL technology that works with heterogeneous data sources and targets.
"We have seen rapid growth and strong customer adoption of these new products. Recently, Gartner Group validated our new products by rating us a Leader in its Business Intelligence Magic Quadrant."
He adds that customers are increasingly looking for performance management and business intelligence together.
"Hyperion provides best-in-class performance management software to over 12 000 customers worldwide, including 91 of the Fortune 100. It will add complementary products to Oracle's business intelligence offerings including a leading open enterprise planning system, financial consolidation products, and a powerful multi-source OLAP server.
"Coupled with Oracle's BI tools and pre-packaged analytic applications, the combination redefines business intelligence and performance management by providing the first integrated, end-to-end Enterprise Performance Management System that spans planning, consolidation, operational analytic applications, BI tools, reporting, and data integration, all on a unified BI platform.
"The system will help you define corporate strategy and objectives, drive corporate planning against these objectives, consolidate system-wide information, and monitor business performance against your plans. It will offer you better insight, enable users to make better decisions, and achieve better results."
Phillips points out the Oracle and Hyperion products already work together, with thousands of successful deployments in the market.