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Article

Oracle to Buy HyperRoll Assets

It will acquire certain assets of HyperRoll, a developer of financial reporting acceleration software
By Maureen O'Gara
Article Rating:
October 2, 2009 06:45 PM EDT
Reads:
 1,233

Oracle on Ulitzer

Oracle says it's going to acquire certain assets of HyperRoll, a developer of financial reporting acceleration software in Mountain View, California.

HyperRoll's software analyzes large quantities of financial data. Its customer base is largely retail and financial accounts.

Oracle said the widgetry would let its customers report results quicker, with more confidence and lower compliance costs.

Terms were not disclosed. Oracle expects the deal to close this year.

HyperRoll investors include Bessemer Venture Partners, Greylock Partners, Sequoia Partners, Israeli VCs Vertex and Microdent as well as Hyperion, the company Oracle bought two years ago. It raised at least $27.6 million.

Published October 2, 2009 – Reads 1,233
Copyright © 2009 Ulitzer, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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