Shmulik Shelah30 Sep 09 09:49
Another acquisition by software giant Oracle Corporation (Nasdaq: ORCL) is not in itself particularly exciting, but the acquisition of an Israeli company is something rare. Last night, Oracle reported that it had acquired HyperRoll Inc., which develops what are known as financial reporting acceleration solutions, that is software that enables an enterprise to gather data for financial reporting faster and thus produce financial statements in a shorter time. Oracle did not disclose financial details of the transaction, which is expected to close in the next few months.
HyperRoll was founded in 2000. It has its corporate headquarters in Mountain View, California, and its development center in Omer. Its field is business intelligence (BI), more specifically data warehouse performance acceleration software. The company has developed algorithms that produce analytical summaries from databases. According to IVC, some $42 million have been invested in the company, the main shareholders being Greylock Greylock Partners, Sequoia Capital, and Bessemer Venture Partners, together with Vertex Venture Capital, Exseed, Lighthouse Capital, Denali Ventures, and Eitan Wertheimer’s Microdent Ventures. In addition, Hyperion Solutions Corporation (acquired by Oracle in 2007) made a strategic investment in HyperRoll in 2006.
Related posts:
- Good Data raises $2.5M for business intelligence Good Data, a startup that helps companies see customer data...
- Oracle Introduces New Release of Oracle® Business Intelligence Applications SAN FRANCISCO, CA–(Marketwire – October 12, 2009) – Oracle OpenWorld...
- interRel Consulting Awarded Back-to-Back Oracle EPM Solution of the Year SAN FRANCISCO–(BUSINESS WIRE)–interRel Consulting, a member of the Oracle® PartnerNetwork,...
- Oracle Upgrades BI, Performance Management Suites By Antone Gonsalves October 14, 2009 Oracle has launched upgrades...
- Is Oracle BIEE ‘Plus’ Really a Benefit? Posted by Cindi Howson Tuesday, August 11, 2009 There...
Related posts brought to you by Yet Another Related Posts Plugin.
This entry was posted on Friday, October 2nd, 2009 at 2:15 pm and is filed under Business Intelligence News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
