Hyperion Software and Arbor Software's $780 million (#479 million) merger was completed last week, after shareholders of both companies gave their approval. Products from the new company, Hyperion Solutions, include Arbor's Essbase Olap (online analytical processing) server, combined with Hyperion's applications, including Pillar for company-wide budgeting, and Enterprise for financial consolidation and reporting. All products will be badged as Hyperion. Hyperion Solutions is developing tight integration between Pillar, Enterprise and Essbase, as well as other client/server and Web-enabled financial reporting tools.
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