Oracle Acquires Hyperion for $3.3 BN

Oracle said Thursday that it had acquired performance management software provider Hyperion in a transaction valued at $3.3 billion. The company says that the acquisition would help it to offer and end-to-end solution for those customers who are looking for a complete performance management and business intelligence solution. The transaction will close next month, Oracle said in a statement.

"Hyperion is the latest move in our strategy to expand Oracle's offerings to SAP customers," said Oracle President Charles Phillips. "Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyze their underlying SAP ERP data."