In 2007, Oracle acquired Hyperion, a leading provider of performance management software. The transaction extends Oracle's business intelligence capabilities to offer the most comprehensive system for enterprise performance management.
Over the past few years, Oracle has significantly reoriented our business intelligence product strategy, shifting our focus from offering a solution that works for Oracle-only environments towards offering a best-of-breed business intelligence and performance management product family that will work with heterogeneous information sources in an enterprise, both Oracle and non-Oracle.
The acquisition of Hyperion extends our business intelligence product strategy. Customers are increasingly using performance management and business intelligence together. Hyperion adds complementary products to Oracle's business intelligence offerings including a leading enterprise planning solution, world-class financial close and reporting products, and a powerful multi-source OLAP server. Coupled with Oracle's BI tools and pre-packaged analytic applications, the combination redefines business intelligence and performance management by providing the first integrated, end-to-end Enterprise Performance Management System that spans planning, financial close, operational analytic applications, BI tools, reporting, and data integration, all on a unified BI platform.
After the acquisition, we introduced a new product family called Oracle Business Intelligence Enterprise Edition Plus. This integrated suite includes all of the Oracle and Hyperion reporting and analysis tools. Since 2007, we have released new versions of the Oracle Enterprise Performance Management System, which include continued innovations and capabilities to improve business insights and decision-making. In 2010, we released Oracle Business Intelligence 11g, which provides the most complete and integrated suite of BI tools in the market.
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