Oracle Announces Availability of EPM 11.1.1.3 - Two Months After It's Released

It must have been a slow news day at OpenWorld for Oracle EPM. Though 11.1.1.3 was released on August 6 and I blogged about the new 11.1.1.3 features a month ago, Oracle decided to put out a press release on the new functionality on October 12. Well, better late than never.

If you want to see Oracle's comments on what's new in 11.1.1.3 and a brief discussion of the new HFM Financial Close module they're developing, visit here:

http://www.marketwire.com/press-release/Oracle-Corporation-NASDAQ-ORCL-1058232.html

In related news, I heard that tomorrow Oracle will be announcing the release of a brand-new product called Essbase (pronounced S-base) that's supposed to be some sort of "multi-dimensional database." I guess it's been in beta since 1992. Multi-dimensional databases? Could these be the next big thing? Discuss in the comments.