Friday, March 02, 2007

Oracle to Buy Hyperion for $3.3 Billion

Oracle has always been big on trying to be the big kid on the block. If you remember at one point they actually were one of the biggest companies int he world based on stock price, but have fallen off since. They are looking to make another push to gain some sort of superiority in this market.

SAN FRANCISCO (AP) -- 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.