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Oracle Hops on Hyperion

Database giant Oracle continued on its M&A tear today, spending $3.3 billion on business intelligence specialist Hyperion in an attempt to boost its data analysis story. (See Oracle Buys Hyperion.)

The cash tender offer for Hyperion follows the $5.85 billion acquisition of CRM vendor Siebel and the $10.3 billion acquisition of PeopleSoft. (See Oracle Swallows Siebel, Oracle Takes Control of PeopleSoft, Oracle & PeopleSoft: The Final Round, and PeopleSoft Plot Thickens.)

The idea behind business intelligence (BI) is that the software extracts data from various back-end systems and databases containing info on HR, financials, customers, and the like, which can then be sifted and searched. (See Vendors Fire Up Data Forensics, Kane County Consolidates, and IBM Extends Biz Intelligence.)

Hyperion's flagship product is its System 9 software, which lets users run queries on data warehouses and also compile financial data in accordance with regulatory rules. (See Hyperion Reports Q4.)

Speaking on a conference call this morning, Oracle president Charles Phillips admitted that Oracle has gaps in its existing BI portfolio. "We needed something really strong there," he said, explaining that Oracle was on the lookout for software to really drill down into database data.

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