"Adding Hyperion to the family makes it a best-of-breed player, rather than just focusing on the traditional Oracle customer base," he said. But its offerings were focused primarily toward customers of its own software, Mitchell said. Oracle has been trying to build out its own BI business, offering tools for integrating data among a number of applications and technologies.
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Hyperion was the best fit for Oracle both in terms of products and company culture, said David Mitchell, head of global software research at U.K. Oracle had a handful of market-leading BI vendors to choose from, including Cognos Inc. The companies hope to close the acquisition by April, subject to customary closing conditions. Oracle has agreed to pay $52 per share for Hyperion, or about $3.3 billion, a premium of 21% over Hyperion's closing share price yesterday. Oracle has announced at least 28 acquisitions since the start of 2005. But it also presents Oracle with the challenge of integrating the products and employees of yet another large company. The move continues Oracle's strategy of growing its revenue and customer base through major acquisitions. Sullivan said the deal would be good for his company as well as Oracle.
In a letter to customers, Hyperion CEO and President Godfrey R. and others, will expand Oracle's portfolio of databases, applications and middleware with a set of BI products, which are used by companies to collect and analyze information about their businesses. The deal, the latest big purchase by Oracle following its acquisitions of application vendors PeopleSoft Inc., Siebel Systems Inc. Oracle said it will combine Hyperion's software with its own business intelligence (BI) and analytics tools to offer customers a broad range of performance management capabilities, including planning, budgeting and operational analytics. said today it has agreed to acquire business intelligence software vendor Hyperion Solutions Corp.
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