Overview
Oracle EPM Cloud evolved from Hyperion, which was formed in 1998 from the merger of Hyperion Software/IMRS and Arbor Software. Oracle acquired Hyperion for $3.3 billion in April 2007. The cloud-native platform, headquartered with Oracle in Austin, Texas, offers comprehensive EPM including Planning, Financial Consolidation & Close, Account Reconciliation, Tax Reporting, Narrative Reporting, and ESG Reporting.
Highlights
- Hyperion heritage: $3.3B acquisition (April 2007), industry-defining legacy
- Cloud-native SaaS: Built on Oracle data centers with enterprise-grade security
- Pre-configured consolidation: Models for IFRS/GAAP compliance out-of-box
- Comprehensive suite: Planning, Profitability & Cost Management, Financial Consolidation & Close, Account Reconciliation, Tax Reporting, Narrative Reporting, ESG Reporting
- Oracle Smart View: Excel/Word/PowerPoint add-in for familiar interface
- “One version of truth” philosophy: Modular deployment, business-user configurable
- Target market: Large enterprises with complex legal/management rollups
- Use cases: Financial consolidation, close management, planning, profitability analysis, regulatory reporting
Founded
Roots in Hyperion (formed 1998 from Hyperion Software/IMRS and Arbor Software). Founded by Oracle acquired Hyperion for $3.3B (April 2007)..
Headquarters
Austin, Texas.
Ownership and funding
Part of Oracle.
Core technology
Cloud-native SaaS on Oracle data centers. Pre-configured consolidation models for IFRS/GAAP. Comprehensive suite: Planning, Profitability & Cost Management, Financial Consolidation & Close, Account Reconciliation, Tax Reporting, Narrative Reporting, ESG Reporting. Oracle Smart View Excel/Word/PowerPoint add-in.
Market position
Large enterprises with complex legal/management rollups; multi-national IFRS/GAAP requirements.
Product philosophy
“Complete, integrated EPM”, modular deployment, business-user configurable, “one version of truth”.