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FOR IMMEDIATE RELEASE
Media Contact:
Jordana Roush
Director, Public Relations
TopDown Consulting, Inc.
(888) 644-8445
media@topdownconsulting.com
Web Event will Feature TopDown’s Implementation of Hyperion Business Intelligence Platform that Delivers Real-Time Reporting in the Face of Business Complexity
SANTA CLARA, Calif., April 25, 2005 – Hyperion
(Nasdaq: HYSL), the leading provider of Enterprise Performance
Management software, will showcase Business Intelligence innovation
by TopDown Consulting, a recognized leader in the deployment
of high-quality Enterprise Performance Management solutions and
Hyperion Preferred Partner, during a Web event on May 5, 2005.
During the event, TopDown will discuss its own solution that
leverages Hyperion's Business Intelligence Platform to
support business strategies and streamline post-acquisition
reporting for its customers. Although the solution has been
successful for several TopDown customers, one customer's
specific implementation has resulted in near real-time visibility
into enterprise performance across the enterprise, as well as
radically accelerated financial reporting processes within
existing IT infrastructure constraints.
"TopDown's innovative Business Intelligence solution
addresses the needs of many of its customers who demand the
ability to work efficiently to achieve overall strategic objectives," said
Rich Clayton, vice president of product marketing for Hyperion.
When business managers contemplate a major business acquisition,
they consider many factors: impact on revenue and costs, duplications
in product lines and customers and conflicts in distribution
strategies. No matter how prepared, however, they cannot always
fully anticipate the potential enormity of impact of such acquisitions
on IT and financial reporting operations.
"M&A activities, government regulations and other
changes in the business environment often put new, challenging
and totally unanticipated pressures on an organization's
financial and management reporting environments," said
TopDown founder and president Juan Porter. "Our
experience has shown, however, that with a combination of Hyperion
technology, world-class engineering, and clear understanding
of each client's specific needs and objectives, these
challenges can be met with certainty and consistency."
Such was the case when a leading Internet provider planned
a strategic acquisition to enhance its global brand and grow
its partner base. However, as wise as the acquisition was from
a strategic perspective, it had an unintended consequence for
the company's financial reporting systems. The acquired
company's business structure added a new geographic dimension
and hundreds of additional cost centers to the reporting environment.
"Companies of this size rely on real-time insights into
their business and often need to capture aggregated financials
many times a day during critical reporting periods," said
Porter. "It was essential that we find a way to handle
the new level of complexity that the acquisition had created
for our customer."
TopDown was called in to investigate a variety of potential
solution scenarios, including upgrading to Hyperion's
next-generation Business Intelligence Platform. The upgraded
platform's innovative aggregate storage architecture
radically accelerated the consolidation of diverse financial
data from Oracle and other ERP applications, bringing processing
time down from 10-plus hours to just a matter of minutes without
any additional investment in server hardware.
"With this solution, we were able to provide the near
real-time visibility our customer needed throughout its enterprise—despite
the increased scale and complexity of the reporting environment," Porter
said. "We were also able to eliminate monthly database
re-structuring and increase total availability for more than
300 end users across the company who take advantage of the
global advanced financial reporting environment."
For more information, or to register for the Web event, please
visit http://livemeeting.viewcentral.com/reg/hyperion/topdown.
About Hyperion
Hyperion Solutions Corporation is the global leader in Business
Performance Management software. More than 10,000 customers – including
91 of the Fortune 100 – rely on Hyperion software to
translate strategies into plans, monitor execution and provide
insight to improve financial and operational performance. Hyperion
combines the most complete set of interoperable applications
with the leading Business Intelligence platform to support
and create Enterprise Performance Management solutions. A
network of more than 600 partners provides the company's
innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004,
Hyperion employs approximately 2,500 people in 20 countries. Distributors
represent Hyperion in an additional 25 countries. Headquartered
in Santa Clara, California, Hyperion generated annual revenues
of $622 million for the 12 months that ended June 30, 2004. 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).
About TopDown Consulting
TopDown Consulting, Inc. specializes in delivering real
world experience and personalized expertise to ensure that
clients achieve measurable success from their enterprise performance
management solutions. A recognized industry leader, TopDown
works with companies worldwide to create strategic vision,
define goals, implement solutions, develop client experts,
and quantify the success of every project.
TopDown consultants are renowned for their depth of financial
and business process experience, and the pride they take in
making clients successful. Services include business strategy,
project management, implementation, optimization, technical
strategy, training, and support. With TopDown's established
methodology, clients receive tangible benefits and realize
the best possible return on their software investment.
TopDown Consulting, founded by Juan Porter, is headquartered
in San Francisco, California.
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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 enterprise 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
13, 2004 and the report on Form 10-Q filed on February 9, 2005.
The company does not undertake an obligation to update its
forward-looking statements to reflect future events or circumstances.
"Hyperion," the Hyperion "H" logo
and Hyperion's product names are trademarks of Hyperion. References
to other companies and their products use trademarks owned
by the respective companies and are for reference purpose only.
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