Hyperion, the global leader in Business Performance Management, is the market share leader for financial and Business Performance Management analytic applications based on 2003 software license and maintenance revenue, as reported by IDC, the premier global market intelligence and advisory firm. These applications, as defined by IDC, are designed to measure and optimize financial performance and/or establish and evaluate an enterprise business strategy and include financial consolidation, budgeting/planning and dashboard/scorecarding applications. Hyperion is a clear leader in the rapidly growing software category with three times the market share of its second ranked competitor, according to the most recent IDC market share report. IDC published the "Worldwide Financial and Business Performance Management Analytic Applications 2004-2008 Forecast Update and 2003 Vendor Shares: July 2004," report on July 29. According to the IDC report, Hyperion commands 20.4 percent of the worldwide market based on 2003 software license and maintenance revenues for financial/Business Performance Management software. The second ranked company has 6.6 percent. IDC forecasts that the financial/Business Performance Management market will increase to $2.1 billion in 2008 with an 11.2 percent compound annual growth rate (CAGR) for the period from 2003 through 2008. "IDC's report confirms what our customers are telling us about the value they attach to Business Performance Management," said Godfrey R. Sullivan, Hyperion's president and chief executive officer. "Customers are embracing an approach to Business Performance Management that builds on the power of an integrated platform to drive packaged and tailored analytic applications." IDC states in the report that Hyperion's momentum in the financial and Business Performance Management space continues due to rapid customer adoption of Hyperion Financial Management, driven in part by compliance challenges, as well as the growing adoption of Hyperion Planning as a budgeting and forecasting solution. The firm also attributes Hyperion's acquisition of Brio to support Hyperion's dashboard strategy as a factor which should contribute to continued momentum in the Business Performance Management space. "The Business Performance Management/financial analytic applications market performed well ahead of expectations in 2003," said Kathleen Wilhide, IDC research director, Corporate Compliance and Business Performance Management Applications. "Hyperion's Business Performance Management applications and Business Intelligence Platform are foundational offerings that support the increasing maturity of the Business Performance Management market." |
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