Hyperion Buys Financial Modeling Vendor Alcar
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.