Hyperion Software and Arbor Software's $780 million merger was completed today, after shareholders of both companies gave their approval. The new company, Hyperion Solutions, outlined its strategy for the analytical application software market, which it believes will be worth $6.3 billion by 2001.
Analytic applications help businesses cull information from data warehouses, transaction processing systems and enterprise resource planning systems. Based on figures from analysts, including IDC and the Gartner Group, Hyperion believes this market will be worth $3.1 billion this year, and will more than double in the next three years.
"The merger effectivly brings together the two strongest players in that marketplace," said Matthew Goldsbrough, vice president of European marketing for Hyperion Solutions.
The combined company gave the first indications of the products it will continue to support. These 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 - for instance, Hyperion Essbase.
Hyperion Solutions is developing tight integration between Pillar, Enterprise and Essbase, as well as other client/server and Web enabled financial reporting tools. These will be delivered in the fourth quarter of this year.
Goldsbrough said the combined company has yet to decide on all products that will be supported in the future. "The announcement we're making today is about setting the tone for what will follow," he said. What will happen with overlapping products in the two portfolios had not been decided, he said.
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