Hyperion Solutions Corp. announced Wednesday that it has entered into a licensing and reseller agreement with the Crystal Decisions subsidiary of Seagate Technology LLC. As part of the deal, Hyperion will embed Crystal Decisions Web-based query, reporting and information delivery solutions for relational and multidimensional data into Hyperions analytic platform.
The combination of the technologies would give customers broader and easier access to relational and multidimensional data, according to officials of both companies.
Crystal Decisions has offered connectivity to Hyperion products for more than five years, but the expanded business and technical relationship is expected to provide even better access to relational data gleaned from operational systems since the two companies will work on joint development projects together to streamline the integration between their respective products.
The agreement also calls for Hyperion to resell Crystal Reports and Crystal Enterprise through its direct sales force and worldwide distribution channel.
"This OEM relationship advances Hyperions strategy to create and deliver an enterprise-wide business intelligence solution that helps companies measure performance and drive profitability," said Jeff Rodek, chairman and CEO at Hyperion in a statement.
The announcement came on the heels of the release Tuesday of Hyperions Financial Management 2.0, a Web-based financial management and planning application with multidimensional analysis capabilities.
The new version of the software includes full European statutory reporting; organization by period and scenario for easy modeling of acquisitions, divestitures and reorganizations; enhanced security to support improved access control in broad deployments; a graphical business rules builder to ease development of complex calculations; new easier-to-use Web data entry forms and improved process management to ensure data accuracy prior to consolidation.