Was there any doubt about number one? By far the most significant event of the last ten years if not the entire history of Hyperion was announced in March of 2007: Oracle was buying Hyperion for $3.3 billion US dollars. It led to a wave of consolidation activity within the next few months: SAP bought Outlooksoft (and then Business Objects when the world was underwhelmed with the Outlooksoft purchase) and IBM bought Cognos. In 2007, the three largest BI/EPM vendors were gone.
The Hyperion acquisition was one of the smoothest I’ve ever seen thanks to a couple of factors. Oracle extended offers to 92% of the Hyperion workforce so all the key personnel made it into Oracle. Oracle also put some great Hyperion people in charge of BI and EPM at Oracle including John Kopcke and Robert Gersten. While the old Oracle BI/OLAP guard was not amused, I’m sure, Hyperion provided new life to the BI group at Oracle when they were put over the top of the existing leadership (rolling up to Thomas Kurian in Fusion Middleware).
Oracle has made some great decisions since the acquisition: Essbase got its name back (may “Hyperion System 9 BI+ Analytic Services” burn in the 7th circle of hell for eternity) as simply Oracle Essbase, Smart View became the Office standard for BI products, Hyperion Planning became the standard for budgeting at Oracle, Financial Management became the strategic direction for financial consolidation, and more. The only negative things I can really say about the acquisition are the loss of the annual Solutions conference and the disappearance of the Hyperion User Groups, and by this point, I’m almost nitpicking.
Like it or not, Oracle’s acquisition was by far the most significant event in Hyperion’s decade. While I never thought I'd say this, I thank God that Larry Ellison decided to forgo buying a bigger yacht in favor of a $3.3BB EPM software firm.
1 comment:
What no mention of all the logo changes over the last 10 years... The fruit loops should be at least #2 or #3.
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