News
Shareholders approve Arbor-Hyperion Deal
- By Scott Bekker
- 08/25/1998
Shareholders of Arbor Software Corp. (Sunnyvale, Calif.) and Hyperion Software Corp. (Stamford, Conn.) have approved a merger of the two companies that became effective Monday. The shareholder votes finalized a deal that was announced in May and that has been widely cited as an example of the rapid consolidation occurring in the data warehousing industry.
The combined companies are known as Hyperion Solutions Corp., (Sunnyvale, Calif., www.hyperion.com) and began trading as "HYSL" on the Nasdaq stock exchange on Tuesday. Together they had more than $375 million in revenues for fiscal 1998 and will have more than 1,800 employees in 26 countries.
Officials of the combined companies say Hyperion’s business intelligence products and the Arbor product family, centered on its Arbor Essbase OLAP Server, are mostly complementary.
The main area where the companies’ products overlap is their OLAP engines. The new company will continue to support the OLAP engine offered by the former Hyperion Software Corp., but will encourage customers to migrate to Arbor Essbase, which will now be sold under the name Hyperion Essbase.
--Scott Bekker, Staff Reporter
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.