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FOR IMMEDIATE RELEASE
Media Contact:
Melinda Marks
Hyperion
(408) 220 8419
Melinda_Marks@Hyperion.com
World Leader in Internet Security Technology Chooses Leading
Business Performance Management Software Vendor to Drive Corporate
Accountability
SUNNYVALE, Ca., July 21, 2003 - Symantec has
chosen Hyperion’s (Nasdaq: HYSL) Business Performance
Management software for quick and efficient financial consolidations
and reporting from a single enterprise source. The software
also gives Symantec a comprehensive solution providing insight
to manage and improve financial and operational performance
across the company. More than 300 people, including the finance
team, executives and business unit managers throughout the
company’s 40 offices are expected to use the software.
With a broad range of content and network security software
and appliance solutions for individuals, enterprises and service
providers, Symantec was looking for a scalable software solution
to consolidate and analyze financial information from its offices
worldwide for internal and external reporting. With the help
of Hyperion partner TopDown Consulting, Symantec is implementing
Hyperion software for its financial consolidation and reporting
system. In a later phase, TopDown will be helping Symantec
to implement Hyperion software for dynamic planning and forecasting.
“We wanted to select an established vendor to provide
a solution to eliminate risk,” said Jeff Brobst, vice
president of global planning for Symantec. “Our executives
gain confidence using a sophisticated, scalable solution to
perform the consolidations. We also expect to gain benefits
from more easily disseminating information. We can make better
and more rapid decisions because we are able to see updated
actuals, budgets and forecasts.”
TopDown will be assisting with the Symantec implementation,
helping them meet the deadlines of an aggressive implementation
schedule.
“We are excited to help Symantec achieve its Business
Performance Management goals. Our years of experience in consolidation
and reporting best practices combined with our robust Hyperion
product knowledge makes us a natural fit to help companies
implement this solution,” said Lee Anne Spencer, vice
president of sales for TopDown Consulting.
Nazhin Zarghamee, chief marketing officer for Hyperion, said
companies are turning to Hyperion software for increased auditing
oversight, giving CEOS and CFOs transparency into financial
data and confidence to certify financial results.
“Hyperion Business Performance Management software gives
customers control of their financial information, ensuring
that management can confidently certify annual and quarterly
financial results including disclosure controls and procedures,” she
said. “The software also enables Symantec to tie this
financial data with operational data for accurate planning
and forecasting in order to optimize performance throughout
the organization.”
About Hyperion
Hyperion is the global leader in Business Performance Management
software that enables companies to translate strategies into
plans, monitor execution and provide insight to improve financial
and operational performance. More than 6,000 customers worldwide
use Hyperion's Business Performance Management family of packaged
and tailored applications and its leading business intelligence
platform. Hyperion has a network of more than 330 partners
to provide innovative and specialized Business Performance
Management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated
annual revenues of $492 million in fiscal 2002. The company
employs more than 2,100 people in 20 countries and is represented
in 16 additional countries through distributor relationships.
Hyperion is traded under the Nasdaq symbol HYSL. For more information,
please visit www. hyperion.com, www.hyperion.com/contactus
or call 800 286 8000 (U.S. only).
Hyperion and Essbase are registered trademarks of Hyperion
Solutions Corporation. All other trademarks and company names
mentioned are the property of their respective owners.
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Safe Harbor Statement
Statements in this press release other than statements of
historical fact are forward-looking statements, including,
but not limited to, statements concerning the potential success
of anticipated product features, the anticipated product offerings
and the potential market opportunities for business performance
management software. Such statements constitute anticipated
outcomes and do not assure results. Actual results may differ
materially from those anticipated by the forward-looking statements
due to a variety of factors, including, but not limited to
the company's ability to retain and attract key employees,
the successful and timely development of new products, the
impact of competitive products and pricing, customer demand,
and technological shifts. For a more detailed discussion of
factors that could affect the company's performance and cause
actual results to differ materially from those anticipated
in the forward-looking statements, interested parties should
review the company's filings with the Securities and Exchange
Commission, including the Report on Form 10-K filed on September
25, 2002 and the Report on Form 10-Q filed on May 14, 2003.
The company does not undertake an obligation to update its
forward-looking statements to reflect future events or circumstances.
Hyperion is a registered trademark of Hyperion Solutions Corporation.
All other trademarks and company names mentioned are the property
of their respective owners.
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