September 30, 2009 – Oracle acquired HyperRoll, a provider of financial reporting solutions.
HyperRoll’s products are designed to shrink the close cycle and improve visibility of data by improving reporting performance, according to a company release.
The addition of HyperRoll’s reporting accelteration technology is expected to improve customers’ ability to report results efficiently and lower compliance costs, according to the company release.
Oracle will incorporate HyperRoll’s solution with the Oracle Enterprise Performance Management solutions.
The transaction is expected to close later this year.
Adrienne Baker is associate editor at Information Management. She can be reached at adrienne.baker@sourcemedia.com.
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