Dear customer: Hyperion explains Oracle buyout in letter

CEO Godfrey R. Sullivan sent the letter out after the $3.3B deal was unveiled

Editor's note: This is the letter sent to Hyperion customers today by CEO and President Godfrey R. Sullivan after Oracle Corp. announced it is buying the company for $3.3 billion.

Dear Hyperion Customer,

I am extremely pleased to announce that today Oracle has entered into a definitive agreement whereby Oracle will acquire Hyperion.

The acquisition of Hyperion extends Oracle's business intelligence product strategy. Customers are increasingly using performance management and business intelligence together. Hyperion provides best-in-class performance management software to over 12,000 customers worldwide, including 91 of the Fortune 100. Hyperion will add complementary products to Oracle's leading business intelligence offerings, including a leading open enterprise planning system, financial consolidation products, and a powerful multi-source OLAP server. Coupled with Oracle's BI tools and pre-packaged analytic applications, the combination redefines business intelligence and performance management by providing the first integrated, end-to-end Enterprise Performance Management System that spans planning, consolidation, operational analytic applications, BI tools, reporting, and data integration, all on a unified BI platform. The system will help you define corporate strategy and objectives, drive corporate planning against these objectives, consolidate system-wide information, and monitor business performance against your plans. It will offer you better insight, enable you to make better decisions, and achieve better results.

The transaction yields immediate benefit to both Hyperion and Oracle customers, as the companies' products are already integrated, with thousands of successful joint deployments. The proposed combination extends Hyperion's capabilities beyond the finance department with operational analytic applications and complementary BI tools from Oracle. Oracle customers will gain access to Hyperion's best-of-breed performance management solutions and to our domain expertise in financial management. Oracle also plans to continue delivering on its plans for "Hot-Pluggable" Business Intelligence, enabling our customers to continue to leverage existing investments in Oracle and non-Oracle data sources and enterprise applications.

Oracle's strategy is to Protect, Extend, Evolve...

Protect. As we work to deliver the value of the combined companies with accelerated product innovation, we are equally focused on protecting your investments through Oracle's Lifetime Support Policy. Oracle will maintain support for heterogeneous databases, technology, and ERP and CRM applications as it continues ongoing development of Hyperion solutions. Oracle will offer seamless continuity for all customers.

Extend. Oracle and Hyperion complementary products are already interoperable. The combination will provide new capabilities in a standards-based, integrated BI/ Performance Management/Analytics platform and enterprise software stack with a common vision.

Evolve. Customers can evolve, at their own pace, to the next generation of Oracle's standards-based applications - Oracle Fusion Applications - built on Fusion Middleware and Oracle BI, including Hyperion technology.

Please be assured that all of your existing Hyperion contacts for support, professional services, and sales remain the same. We hope you will join us for Solutions 2007 in Orlando, FL on April 22-25. We are very excited about this conference and we will be providing an opportunity for our customers to learn more about this announcement.

In the weeks and months ahead, we will provide you with ongoing information about the integration plan. Between now and the close of the acquisition, expected in April, we will operate as separate companies. Be assured that customer satisfaction continues to be our highest priority as we plan the transition. Please contact one or both of us with any questions you may have.


Godfrey R. Sullivan President and Chief Executive Officer Hyperion

Copyright © 2007 IDG Communications, Inc.

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