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Founded in 1981 with the prosaic name IMRS International, Hyperion Software originally specialized in corporate financial and analytic application software, and was well known for its multilingual programs used by multinational organizations in planning, budgeting, forecasting, data consolidation, and business analysis. Specific products included MBA, a line of applications for business analysis, and Pillar, software for budgeting and planning. Hyperion was consistently praised for its dedication to the customer, and was the only vendor in that market that used relational technology (applications that allow for the sharing of information between different brands of software). The company eventually enjoyed an 85 percent share in the market for financial reporting and consolidation, largely because of this relational technology. In addition to its own marketing efforts, Hyperion benefited from alliances with the Big Five accounting firms, who frequently recommended its software to their clients. The company's client list of over 3300 organizations, included more than half of the Fortune 500, and 40 percent of The Financial Times European Top 100. In April 1998, Hyperion announced an alliance with software maker JD Edwards to develop interfaces that would provide direct integration between both company's applications. JD Edwards specialized in enterprise software. Cross-promotion and joint sales efforts sought to exploit the broadened customer base. Prior to this deal, Hyperion had made a similar alliance with The Baan Co. to facilitate the sharing of data between Hyperion's applications and Baan's enterprise-resource planning software suite. Hyperion Solutions seeks solutions In August 1998, Hyperion Software, in a $579 million deal, merged with Arbor Software, a data analysis firm, to form Hyperion Solutions. Hyperion and Arbor are among the top online analytical processing (OLAP) vendors in the country. (OLAP products are used for management reporting, analysis, and planning; Arbor makes the well-known "Essbase.") In mid-1999, Hyperion acquired Sapling Corporation, a provider of applications for performance analysis. John Dillon, former chairman of Arbor, initially was named CEO and president of Hyperion Solutions. After poor results, however, Hyperion's board replaced him with Jeffrey Rodek, a former Ingram micro executive. Rodek has aggressively acted to counteract disappointing sales. Hyperion secured business from several leading dot com companies; and it allied with DataSage, DoubleClick, NetGravity, and net.Genesis. The question still remains, however, whether or not Hyperion will be able to recover from its post-merger growing pains. With the threat of an IBM buyout of the company looming, an answer to this question gains ever-increasing importance.
Hyperion recruits at Boston University, Carnegie Mellon, Columbia University, New Jersey Institute of Technology, and Penn State. The company web site, located at www.hysoft.com, lists openings at all Hyperion locations with full descriptions and names of contacts. Cover letters and resumes (including salary requirements) may be posted, faxed, or e-mailed to the human resources department.
"One word - amazing - describes Hyperion Software," beams one employee. Most other insiders agree that "it's a great place to be." Employees enjoy flexible hours, competitive pay and "unbelievable perks." The Stamford, CT campus features a cafeteria (with an outdoor patio), a gym, two game rooms, and "beautiful landscaping." Benefits include health, dental, and 401(k) plans, a stock purchase program, and a childcare plan. Dress is business casual, though in some departments "you can even wear shorts and sandals." However "you may need to wear a suit if you are visiting a customer or attending an external event." Insiders report a "mixed racial environment" with "a good mixture of skills and types of people." Morale is high, as employees feel a "sense that this company has the best financial software on the market today and we really don't see that changing." Insiders feel that "management is pretty open," and note that "the Chairman and CEO often join employees for lunch in the cafeteria." Hours are "as long as you make them," says one insider. And since "they"re not something we count in this company, newer staff may be in the office longer, combining work and workouts at the gym."
Lisbeth Burns 900 Long Ridge Road1 Stamford 06902 (203) 322-3904
Reporting applications; Analytic applications; Modelling applications; Planning applications;E-business analytic applications for e-marketing, web sites, and e-commerce
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