September 30, 2009 Oracle acquired HyperRoll, a provider of financial reporting solutions.
HyperRolls 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 HyperRolls 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 HyperRolls solution with the Oracle Enterprise Performance Management solutions.
The transaction is expected to close later this year.
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