Oracle buys Hyperion for $3.3 billion

Monday 5 March 2007 @ 10:30 pm

Oracle steps directly into the BI marketplace buy purchasing one of BO’s primary competitors, as discussed in a CNET article. The market likes the news as indicated by a rise in the stock price of both Oracle and Hyperion after the announcement. The article makes some interesting points, like the fact that this gives Oracle a lever to pry away some SAP customers, many of which currently use Hyperion to analyze SAP data. The deal closes in April.

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