Hyperion, a provider of performance management software implementations has agreed to be acquired by Oracle Corporation through a cash tender offer for $52.00 per share, or approximately $3.3 billion.
“Requirements for Performance Management and Business Intelligence solutions are increasingly converging,” says 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 to expand Oracle’s offerings to SAP customers,” says Oracle President Charles Phillips. “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,” says Oracle President and CFO, Safra Catz. “Given the size of our global organisation and the complementary nature of our businesses, we should recognise substantial revenue synergies and significant economies of scale.”