Oracle buys Hyperion to compete with Germany’s SAP

“Oracle Corp. said today it has signed a $3.3 billion deal to buy Hyperion Solutions Corp. in a move that underscores CEO Larry Ellison’s aggressive bid to dominate the business software industry. Hyperion is a key player in the roughly $10 billion market for business intelligence software that companies use to get detailed reports on how a business is doing and to forecast how it would perform in the near future. The company is also known for software used for managing a company’s finances. Oracle, which has bought more than two dozen companies over the past two years, made clear that buying the company was a competitive move meant to undercut a major rival, SAP of Germany.” Both companies are headquartered in the Bay area: Oracle in Redwood Shoresand Hyperion in Sunnyvale.