Hyperion Buys Financial Modeling Vendor Alcar

By Dennis Callaghan  |  Posted 2003-04-04 Print this article Print

Move will extend Hyperion's business performance management technology.

Hyperion Solutions Corp. made a move Thursday to extend its business performance management technology with the acquisition of financial modeling solution developer The Alcar Group. Terms of the transaction, expected to close in the next several weeks, were not disclosed. Alcars financial modeling solutions are used by senior managers in corporate finance and business development, treasury, strategy and risk management to analyze and model the financial impact of critical business decisions, such as mergers, acquisitions, divestitures, treasury activities, capital allocation and debt restructuring, Hyperion officials in Sunnyvale, Calif., said.
Hyperion and Alcar, of Skokie, Ill., have worked together for the past seven years to support customers using their respective products. Alcars technology will integrate financial modeling processes into Hyperions Business Performance Management processes, Hyperion officials said.
One example officials cited was that customers using the combined technologies would 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 and to 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, officials said. "Our acquisition of Alcar is consistent with our investment and product strategy," said Jeff Rodek, Hyperion chairman and CEO, in a statement. "Alcars strategic modeling solution is an adjacent application that fills a customer need and complements our Business Performance Management offering." Alcar co-founder Carl Noble Jr. and his son, current CEO Carl Nobel III, will join Hyperion, along with 38 other Alcar employees. Alcar has more than 200 customers and has been in business since 1979. Latest Stories by Dennis Callaghan:

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