CLEVELAND and SUNNYVALE, Calif., Oct. 19 /PRNewswire/ -- Axentis, the leading application provider of governance, risk and compliance management solutions, and Hyperion , the global leader in Business Performance Management software, have entered into an Independent Software Vendor partner agreement to integrate Axentis Enterprise with Hyperion Performance Suite. The new offering expands an existing partnership between the two companies to provide enterprise executives with enhanced visibility into the current state of their overall compliance efforts, including quarterly Sarbanes-Oxley assertions, Policy Management, Risk Management, Training, and Incident Management.
This joint solution will enable every level of management to monitor compliance through personalized dashboards delivered to their desktops which display operational and regulatory compliance metrics such as training and policy management/attestation, incident management, and operational risk.
“The combined Hyperion and Axentis Enterprise solution is an excellent example of how compliance information, when delivered in the right Business Performance Management context, can be harnessed to drive real business value,” said Rich Clayton, Vice President of Product Marketing for Hyperion. “We have already seen real demand for the combined Axentis/Hyperion solution from our customers as an essential component of their Sarbanes-Oxley initiatives.”
“Whether you are a CEO or an operational manager you need dashboards and sophisticated query and analysis tools to monitor compliance,” said Ted Frank, CEO of Axentis. “We have delivered on our plan to work with Hyperion beyond Sarbanes-Oxley and deliver robust reporting and monitoring around a variety of governance, risk and compliance management issues. We will immediately begin offering Hyperion Performance Suite reporting solutions to our customer base.”
Axentis will be demonstrating the integrated solution in Booth 1735 at the Gartner ITxpo, taking place the week of October 17-20 in Orlando, Florida.
About Axentis
Founded in 1999 with the mission to develop the first broad governance, risk and compliance (GRC) technology framework, Axentis delivers software addressing specific compliance requirements. With 600,000+ users in 100+ countries representing $700B in combined revenue, more Global 2000 companies depend on Axentis than any other source. A sampling of regulations currently supported includes Sarbanes-Oxley, CobiT, HIPAA, anti-trust and general risk and incident management. Axentis is also a founding member of the Compliance Consortium. For additional information, call (800) 955-2706 or visit http://www.axentis.com/ .
About Hyperion
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers -- including 91 of the Fortune 100 -- rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit http://www.hyperion.com/ , http://www.hyperion.com/contactus or call 800 286 8000 (U.S. only).
Safe Harbor Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to Hyperion’s ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the Hyperion ‘s performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company’s filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 13, 2004. Hyperion does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
Axentis
CONTACT: Gil Chorbajian of Ogilvy Public Relations Worldwide,+1-518-355-0966, or gil.chorbajian@ogilvypr.com , for Axentis; or BarbaraMaigret of Hyperion, +1-408-220-8729, or barbara_maigret@hyperion.com