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September 01, 2015 10:40 AM ET

Software

Company Overview of Hyperion Solutions Corp.

Company Overview

As of April 13, 2007, Hyperion Solutions Corp. was acquired by Oracle Corporation. Hyperion Solutions Corp. provides business performance management software. It offers Hyperion System 9 Planning, a planning, budgeting, and forecasting solution; Hyperion System 9 Workforce Planning, a planning module; Hyperion System 9 Strategic Finance, a financial modeling desktop application; and Hyperion System 9 Financial Management, which delivers financial consolidation, reporting, and analysis in a single solution. The company also provides Hyperion System 9 BI+, which provides interactive Web-based management reporting and analysis capabilities; Hyperion System 9 BI+ Interactive Reporting, which pro...

5450 Great America Parkway

Santa Clara, CA 95054

United States

Founded in 1981

2,864 Employees

Phone:

408-744-9500

Fax:

408-588-8500

Key Executives for Hyperion Solutions Corp.

Hyperion Solutions Corp. does not have any Key Executives recorded.

Hyperion Solutions Corp. Key Developments

Clal Biotechnology Industries Ltd. Sues Hyperion for $200 Million

Clal Biotechnology Industries Ltd. announced that it had filed a $200 million suit against drug company Hyperion and were not based on careful analysis of the alternatives. Hyperion acquired Andromeda, which was developing Type 1 (juvenile) diabetes drug DiaPep277, in June, after several months of stringent professional examinations. But on September 8, Hyperion announced that it was halting development of Andromeda's drug after claiming that the Israeli company's employees had falsified clinical trial results. Following that announcement, Clal Biotechnology's share plunged, and the company announced it was writing off ILS 506 million. Clal Biotechnology announced in its statement of claim that Hyperion's decision to halt development of the drug was unreasonable even if there is a basis for Hyperion's allegations concerning the alleged misconduct by certain Andromeda employees and its external research advisor.

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