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International Committee of the Red Cross Selects Hyperion Business Intelligence Platform to Improve Its Performance Management
SANTA CLARA, Calif. --(Business Wire)-- Jan. 10, 2005 -- Hyperion Provides the ICRC with Performance Indicators and a Comprehensive Financial and Operational Reporting Solution for Better Control of Financial Risks
Hyperion (Nasdaq:HYSL), the global leader in Business Performance Management software, announced today that the International Committee of the Red Cross (ICRC) has selected Hyperion Essbase and Hyperion Analyzer to manage and report both financial and operational data, based on key performance indicators.
Hyperion's Business Intelligence Platform will provide the ICRC with improved visibility on the management of its business activities. By integrating operational performance indicators into its financial reporting, the ICRC will be able to track donations and analyze how they are used as well as identify gaps between the organization's budget and expenses. The new solution will allow the ICRC to undertake appropriate corrective actions and guarantee the monitoring and management of its financial risks.
"We chose Hyperion because of its strong product integration," said Nicola Busino, one of the two deputies to the ICRC's financial director. "We were looking for a robust and efficient business intelligence platform. Hyperion's software offering was reliable and flexible. From a user perspective, the integration between Hyperion Essbase and Excel and the ease of use of Analyzer were also two decisive factors."
The platform was recently implemented at the ICRC headquarters in Geneva. Hyperion's solution will be progressively deployed to other areas of the organization, including executive management, heads of departments and business units. The full scope of the project is expected to encompass 150 to 200 employees at the ICRC headquarters, which represents about 30 percent of its employees.
About the ICRC
The International Committee of the Red Cross (ICRC) works around the world on a strictly neutral and impartial basis to protect and assist people affected by armed conflicts and internal disturbances. It is a humanitarian organization with its headquarters in Geneva, mandated by the international community to be the guardian of international humanitarian law, and is the founding body of the International Red Cross and Red Crescent Movement.
About Hyperion
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers -- including 91 of the Fortune 100 -- rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company's innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com, www.hyperion.com/contactus or call 800-286-8000 (U.S. only).
Safe Harbor Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 13, 2004 and the report on Form 10-Q filed on November 9, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
"Hyperion," the Hyperion "H" logo and Hyperion's product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
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