Oracle today agreed to purchase Hyperion Solutions for $3.3 billion which will make Oracle the No. 1 in the business intelligence market, according to Charles Phillips, Oracle president.
The transaction is subject to customary closing conditions and is expected to finalized in April 2007.
"This extends our business intelligence strategy of a year ago, when we launched Oracle business intelligence. That's been one of our highest growth product lines," Phillips said in a conference call this morning. "We now have the most comprehensive BI product line."
This purchase will most likely start a round of consolidation within the BI area.
"IBM may buy Cognos, HP might end up buying Business Objects or Business Objects may buy another competitor. There will be a lot of pressure on these vendors to react to this acquisition," according to Mr Wang the senior analyst at forester.
What is interesting is SAP has partnership with Hyperion and might make a bid for Hyperion with Oracle having Hyperion it will give them another route into the SAP customer base ,"Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyze their underlying SAP ERP data.