Business performance management software developer Hyperion announced earlier this week the completed acquisition of Brio Software Inc., following a vote of approval from Brios shareholders.
The acquisition was initially announced on July 23, along with the terms of the agreement: each outstanding share of Brio common stock would be converted into the right to receive 0.109 of a share of Hyperion common stock, and $0.363 in cash.
The transaction is valued at about $156 million.
With Brio now under its umbrella, Hyperion, of Sunnyvale, Calif., is selling Brio products as stand-alone business intelligence products, and also as part of its BPM suite.
Hyperion has about 9,000 customers and a network of more than 6,000 customers.
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