HYSL Hyperion Solutions (MM)

Hyperion (Nasdaq Global Select: HYSL), the global leader in Business Performance Management (BPM) software, today announced it is working with Cranfield University�s School of Management on a major update to a 2004 academic study � the first to gauge the maturity and uptake of performance management in the United States by broadly canvassing enterprises. The new study, sponsored by Hyperion, will extend the original report�s reach to include publicly traded companies in the United Kingdom, Japan, and China. The Ohio State University�s Fisher College of Business, Peking University�s Guanghua School of Management, and Waseda University�s Graduate School of Accountancy in Japan also are lending their expertise to this latest effort. Each school also plans to publish its own reports based on the survey results. Hyperion, whose market-leading BPM and business intelligence (BI) software is used by more than 12,000 enterprises worldwide, also sponsored the 2004 study. Titled �Business Performance Management: Current State of the Art,� the original study surveyed executives at 780 of the 5,000 largest U.S. organizations about BPM usage levels, reasons for implementing BPM solutions, perspectives and processes being measured, and applications in use. The study also reported on common practices and analyzed how organizations use BPM to extract value. The updated study, which will be published in the second half of 2007, is measuring similar aspects of BPM uptake across a broader geographical and cultural spectrum. This will allow a statistical comparison of BPM practices between countries. And with the U.S. findings from the 2004 report serving as a benchmark, researchers also hope to begin pinpointing adoption and usage trends over time among American organizations. �As more organizations implement BPM solutions and methodologies, the need to benchmark the adoption of performance management intensifies,� said Bernard Marr, research fellow at Cranfield School of Management�s Centre for Performance Management and global co-coordinator of the new research. �Building on the important 2004 study, this latest research will help us to consistently identify how corporations across the globe measure performance. And once more, we�re pleased to collaborate with Hyperion and the other three business schools to further our understanding of the field of strategic performance management.� Leading business schools contribute to study While Cranfield University�s Centre for Performance Management is driving the overall research effort and administering the distribution of surveys to the 1,000 largest UK enterprises, three leading business schools are contributing their own academic research efforts by distributing surveys and analyzing the results gathered in their respective countries. In the United States, the Center for Business Performance Management (CBPM) at Ohio State University�s Fisher College of Business is distributing more than 3,000 surveys to American organizations. CBPM researchers plan to work with other departments within the college to enhance its analytic study of the survey results, and potentially publish separate papers based on those efforts. In China, the BPM Research Institute at Peking University�s Guanghua School of Management is collecting data from a potential pool of approximately 200 of the country�s largest companies. The research will provide insights into BPM adoption in one of the world�s fastest growing economies. In Japan, the top 580 enterprises have received surveys distributed by Waseda University�s Graduate School of Accountancy in Tokyo. Faculty and students at Waseda University, one of Japan�s top private universities, will collate and analyze the survey data, with the intent of publishing a report on BPM adoption in Japan, in addition to contributing to the global study. �We believe that the BPM survey plays a critical role in our long established effort to make the Fisher College experience relevant to its major stakeholders � students, research scholars and the business community,� said Louis Straney, executive director of Ohio State�s Fisher College of Business Center for Business Performance Management. �From the outset, the vision of our center was focused on three components:�curricula development, faculty research sponsorship and serving as a thought leadership business forum. The survey will provide a valuable resource as we design new management courses, conduct scholarly studies and interact with our off campus affiliates. In sharing the results with our students, faculty and affiliates, the stakeholders will benefit from real time data that can be immediately incorporated into effective strategies � and in a fast-paced and competitive business environment, this is essential to survival.� �Hyperion was proud to sponsor the 2004 Cranfield University study, and we are delighted once again to work with Cranfield and these other great institutions to expand the scope of the original report,� said Nigel Youell, senior manager of Global Programs for Hyperion. �This research will render unique insights into why and how the largest corporations in four of the world�s largest economies measure their business performance. Organizations of all kinds are certain to benefit from this important work.� About Hyperion Hyperion Solutions Corporation (Nasdaq Global Select: HYSL) is the global leader in Business Performance Management software. More than 12,000 customers in 90 countries rely on Hyperion both for insight into current business performance and to drive performance improvement. With Hyperion software, businesses collect, analyze and share data across the organization, linking strategies to plans and monitoring execution against goals. Hyperion integrates financial management applications with a business intelligence platform into a single management system for the global enterprise. For more information, contact us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US. �Hyperion� 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.