Hyperion Solutions Corporation was a software company located inSanta Clara, California, which was acquired byOracle Corporation in 2007. Many of its products were targeted at thebusiness intelligence (BI) andbusiness performance management markets, and as of 2013[update] were developed and sold asOracle Hyperion products.Hyperion Solutions was formed from the merger ofHyperion Software (formerly IMRS) andArbor Software in 1998.
1981 - IMRS founded by Bob Thomson and Marco Arese
1983 - IMRS launches financial and management consolidation software called "Micro Control"
1985 - IMRS hires Jim Perakis as CEO; he remains in this position during growth from $1M to almost $300M[1]
1991 - IMRS becomes a public company and launches a Windows-based successor to 'Micro Control' called 'Hyperion'
1992 - Arbor Software ships first version ofEssbase Online Analytical processingOLAP software
1995 - Due to the success of the "Hyperion" product IMRS changes name to "Hyperion Software Corporation" and the name of the product is changed to "Hyperion Enterprise." Arbor becomes apublicly held company[2]
1998 - Hyperion Software merges with Arbor and the combined company is renamedHyperion Solutions[4]
1999 - Jeffrey Rodek named as Hyperion Chairman and CEO of Hyperion. Hyperion acquires Sapling Corporation (Enterprise Performance Management applications)
2001 - Godfrey Sullivan is named Hyperion President and COO
Oracle Corporation announced on March 1, 2007 it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash.[10][11] The transaction was completed on April 18, 2007 and Hyperion now operates as a division of Oracle.[12]Oracle extended support for most Hyperion products to at least 2036.[13]Hyperion BI tools were bundled intoOracle Business Intelligence Suite Enterprise Edition.
