- 29 March 2004 13:36
Hyperion Partners With Veritas To Ensure Mission-Critical Performance And Availability
Hyperion Joins the VERITAS Enabled Program to Provide Customers With Clustering Solutions for Hyperion Essbase
SUNNYVALE, Ca., March 25, 2004 – Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced a partnership with VERITAS and support for VERITAS™ Cluster Server, its market-leading, high-availability clustering solution. Hyperion plans to deliver VERITAS clustering capability for Hyperion Essbase. This partnership is the result of increased customer demand for Business Performance Management and Business Intelligence solutions with mission-critical performance and availability.
“Business Performance Management and Business Intelligence solutions are increasingly recognized as core solutions, mission critical for improving overall business performance,” said Rich Clayton, vice president of product marketing for Hyperion. “Our customers are extending their deployments across their enterprises and demanding 24 x7 availability – we are responding by partnering with VERITAS to deliver a high availability solution using the market leading clustering product.”
Supporting the performance and scalability features in its recent launch of the Hyperion BI Platform, the company plans to deliver VERITAS clustering capabilities for Hyperion Essbase on the Microsoft Windows, HP-UX, AIX, Solaris and Linux platforms. Through the VERITAS Enabledä Program, Hyperion and VERITAS will engage in development, marketing and customer support activities. The Hyperion solution will undergo rigorous testing and certification to verify interoperability with VERITAS Storage Foundationä, high-availability and disaster recovery solutions, enabling customers to keep their global Business Intelligence and Business Performance Management solutions running at all times.
VERITAS Cluster Server is the industry's leading multi-platform clustering solution according to IDC and SIIA. VERITAS Cluster Server reduces application and database downtime by monitoring resources within an application or database. VERITAS Cluster Server determines the status of these resources and starts or stops them according to external events. In the event of an application, database or server fault, VERITAS Cluster Server detects the error and takes appropriate action by failing over the service(s) to another server that can best host the application or database. These servers which host the application or database can be located either at a single site or spread across a wide area.
"Business Performance Management solutions from Hyperion offer important capabilities to support business decision making of any company concerned with accurate planning, monitoring and reporting of business and financial applications. These critical applications cannot tolerate downtime. VERITAS Cluster Server will help ensure that these critical solutions are always available," said Robert Maness, senior director, VERITAS Software. "Together, VERITAS and Hyperion will help customers increase efficiency and maximize business productivity."
About Hyperion 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.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,600 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion – together with recently acquired Brio Software Inc. – generated combined annual revenues of $612 million for the 12 months ending June 30, 2003. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. only).
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Safe Harbour 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 August 13, 2003 and the Report on Form 10-Q filed on February 9, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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