Business software maker Oracle Corp. will buy Hyperion Solutions Corp. for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP AG. Hyperion's business intelligence software helps CFOs and other top corporate executives track performance.
March 02, 2007 at 12:00 AM
1 minute read
Business software maker Oracle Corp. will buy Hyperion Solutions Corp. for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP AG.
The deal announced Thursday will give Oracle an arsenal of Hyperion products that are widely used by SAP’s customers. Hyperion’s tools, known as “business intelligence” software, help chief financial officers and other top corporate executives track their company’s performance.
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