Hyperion to acquire data-quality vendor UpStream Software
The deal is aimed at helping companies with regulatory compliance
April 20, 2006 12:00 PM ETComputerworld - Hyperion Solutions Corp. today announced plans to acquire UpStream Software Corp., a Rochester, Mich.-based provider of financial data-quality technology.
Santa Clara, Calif.-based Hyperion plans to offer UpStreams tools as part of its business performance management suite to help enterprises ensure that data required for compliance with the Sarbanes-Oxley Act and other regulations is accurate, according to Hyperion officials. Terms of the deal, which is expected to close in two weeks, were not disclosed.
While many other data-quality vendors focus on cleansing customer and product data for marketing campaigns, UpStreams tools focus exclusively on ensuring the accuracy of financial data, said Rich Clayton, Hyperions vice president of product marketing. Financial data quality has a similar process, but has a very different set of business requirements -- things like a repository for a [Sarbanes-Oxley] audit, the ability to monitor your internal audit controls and the ability to go from your source system to what you report to Wall Street, Clayton said.
Hyperion will begin marketing the UpStream products which include a guided Web-based workflow interface, data preparation server and predefined adapters for Hyperion applications within two weeks, Clayton said. The tools are designed to eliminate the multiple points of failure between the submission of data from local business units to the consolidation of that information globally so organizations can avoid restating financial results.
UpStream will continue to operate from Rochester, and Hyperion plans to keep all of its employees, according to Clayton. Duplicate sales offices may be consolidated, however.
Business Intelligence
Additional Resources



Learn the important issues you must consider before starting your next mobility initiative. Get your mobility white paper from IDC now, compliments of Sybase.
White Papers & Webcasts
IDC Research Report: The Business Value of Consolidating on Energy-Efficient Servers
Download this Resource Now!
HP Technology Guide for Scalable Business Solutions
Download This Resource Now!
Architecting Business Intelligence Applications for Change: The Open Solution
Register for this webcast today!
Clipper Group Report: HP Provides Enhanced Options for Data Center
Download this Resource Now!
Enterprise Data Governance: Bridging the Business-IT Gap
Register for this live webcast today!
Technology Brief: Technologies in HP ProLiant G6 c-Class server blades with Intel Xeon processors
Download this Resource Now!
Informatica 9 Launch: Transform your Business. Transform your world.
Business and IT will finally be on the same page. Data quality issues will be a thing of the past. The promise of...
Introducing the HP ProLiant G6 servers
Download this Resource Now!
Lower IT Costs with Oracle Database 11g Release 2
Register for this webcast now!

