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The Hyperion Group history
The Hyperion Group company history timeline
Therefore in 1989, IMRS produced its first Windows-based product, OnTrack, and soon afterward began re-creating Micro Control as a Windows application.
With a total of 15 offices worldwide, including 11 in the United States, the company's revenues reached $34 million in 199 1, up from $24 million in 1990.
During the same year, the company purchased the FASTAR product line from competitor Hoechst Celanese, and in 1991 it went public on the NASDAQ. Clearly IMRS was poised for takeoff, and there was just one thing holding it down: its name.
Arbor was established in 1991 by Bob Earle and Jim Dorian, two pioneers in the field of business analysis software.
Prior to the acquisition, t he company had unveiled its flagship online analytical processing (OL AP) software in 1992, generating sales of $1.1 million.
In the fast-moving world of global commerce, it was not surprising that Hyperion's growth was similarly meteoric: from $66 million in annual revenues during 1993 to almost four times that much in just four years.
In 1994, it acquired the Pillar Corporation and its product line, as well as a Scandinavian subsidiary, and established development offices in Beaverton, Oregon.
James Perakis, in his 1995 interview with Management Accounting, said that the greatest challenge for his company was to maintain its momentum.
W ith the launch of its Hyperion Financials line, IMRS set its sites on the client-server financial reporting software market in early 1995.
On June 4, 1996, Perakis turned over the role of president to Peter F. DiGiammarino, 42 years old.
On October 29, 1997, for instance, the company entered into a partnership with Mincom, a Brisbane, Australia-based software maker.
Around this time Hyperion spun off its decision su pport arm as Appsource Corp., the name it had operated under before A rbor purchased the company in December 1997.
In the three years leading up to 1997, when Hyperion released its fifth edition of Hyperion Enterprise, the product accounted for some 60 percent of the company's worldwide revenues.
Cofounder Thomson served as Hyperion's president and CEO, ultimately retiring from the company's board in August 1998.
In 1998 Hyperion was acquired by Arbor Software Corporation.
In its May 10, 1999 issue, Computergram International noted th at "the company's inability to successfully execute a post-merger str ategy appears to have caused a level of dissension within virtually e very aspect of the organization.
Moving past its operational troubles, in 1999 Hyperion acquired Sapli ng Corporation, a developer of enterprise performance management soft ware, for $15.5 million.
It reported a net loss of $ ;31.1 million, however, compared with net income of $30.6 million in fiscal 2000.
In 2002 Hyperion saw its revenues fall to $492 million.
Hyperion's business performance management line was bolstered signifi cantly with the April 2003 acquisition of Skokie, Illinois-based The Alcar Group, a developer of financial modeling software, followed by the $142 million acquisition of Santa Clara, California-based Bri o Software Inc.
A number of important developments occurred in 2004.
Hyperion started 2005 on a sour note as it was sued by two other comp anies for patent infringement.
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The Hyperion Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Legg Mason Wood Walker Incorporated | - | $5.4M | 7 | - |
| Fortune Financial | 1997 | $1.3M | 19 | - |
| Diversified Financial Management | - | $8.2M | 75 | - |
| Ashford Advisors | 1898 | $28.0M | 158 | - |
| Post Oak Bank | - | $7.0M | 104 | - |
| Capital Management Services | 2000 | $58.0M | 99 | 1 |
| Signature Financial Partners | 1981 | $2.8M | 92 | - |
| Integrated Financial Group | 2003 | $11.0M | 175 | 2 |
| SII Investments | 1968 | $19.0M | 20 | - |
| Paulson’s | 1994 | $6.6M | 35 | - |
The Hyperion Group history FAQs
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