Hyperion announced a definitive agreement to acquire substantially all of the assets and certain liabilities of The Alcar Group, a leading strategic financial modeling company. The acquisition of privately held Alcar will help Hyperion extend its lead in business performance management by integrating financial and operational modeling.
Alcar provides strategic financial modeling solutions used by senior managers in corporate finance and business development, treasury, strategy and risk management. Alcar's solution is used to analyze and model the financial impact of critical business decisions, such as mergers, acquisitions, divestitures, treasury activities, capital allocation and debt restructuring.
Terms of the transaction, which is expected to close in the next several weeks, were not disclosed. Hyperion expects the impact on revenue and earnings will not be material.
The two companies have worked together for the past seven years to support customers using Alcar and Hyperion products. Hyperion expects the acquisition will result in greater integration of strategic financial modeling in business performance management processes. For example, customers using the new Hyperion Strategic Finance product will be able to analyze and model the balance sheet and cash flow projections of a proposed merger or acquisition in the same business performance management environment they use to report financial results, develop detailed budgets and operational plans. Customers will also be able to model quantitative business objectives and monitor and disseminate this information using scorecarding methodologies.
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