Hyperion Joins 33 of Its Customers on List of 100 Most Trustworthy Companies
April 09 2007 - 8:00AM
Business Wire
Hyperion (Nasdaq Global Select: HYSL), the global leader in
Business Performance Management (BPM) software, joins 33 of its own
customers on a new list of America�s 100 most trustworthy companies
recently published online by Forbes magazine. The listing
highlights companies that �showed the highest degree of accounting
transparency and fair dealings to stakeholders� in 2006, and
spotlights only two other software companies besides Hyperion. The
list was compiled by Audit Integrity, an independent firm that
conducts research on corporate governance and supplies related data
to Forbes.com. The full list is available at
http://www.forbes.com/2007/03/26/companies-accounting-governance-lead-
cx_pm_0327trustyintro.html (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) Among Hyperion�s customers included
in the Forbes.com list is Kansas City Life Insurance Company, which
implemented Hyperion software in 2005 to streamline its financial
reporting and close processes. �As insurance products become more
complex and integrated, this can complicate financial reporting,�
said Rob Fisher, assistant vice president of financial systems and
accounting operations at Kansas City Life. �If your data doesn�t
easily integrate or can�t be analyzed across the company, you can�t
monitor and manage your revenues and costs. In the face of
Sarbanes-Oxley and other regulatory requirements, companies like
ours have to find ways to remain competitive while still meeting or
exceeding our compliance obligations. Being recognized as one of
the country�s most trustworthy companies is validation that we�re
doing it right.� �It�s exciting to learn that Hyperion and its
customers represent more than a third of the 100 most trustworthy
companies in America,� said Godfrey Sullivan, president and CEO of
Hyperion. �This honor is especially meaningful to us, as many of
our customers rely on Hyperion Solutions to help them trust their
numbers and lower the costs and operational impact of regulatory
compliance. We�re proud to join so many great companies on this
highly selective list.� Audit Integrity drew its list of 100 from a
pool of 8,000 public U.S. companies. To ensure that the list
included only companies that are widely held, Audit Integrity
excluded any company with a market capitalization of less than $250
million. For each company, Audit Integrity assigned an Accounting
and Governance Risk (AGR) score. The AGR score reflects financial
and non-financial factors that help assess the risk of fraud or
financial misrepresentation. Hyperion received a current-quarter
AGR score of 83. Scores on the Forbes.com list range from 78 to 88.
About Hyperion Hyperion Solutions Corporation (Nasdaq Global
Select: HYSL) is the global leader in Business Performance
Management software. More than 12,000 customers in 90 countries
rely on Hyperion both for insight into current business performance
and to drive performance improvement. With Hyperion software,
businesses collect, analyze and share data across the organization,
linking strategies to plans and monitoring execution against goals.
Hyperion integrates financial management applications with a
business intelligence platform into a single management system for
the global enterprise. For more information, contact us at
http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
�Hyperion,� the Hyperion 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. 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 the company'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 company'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 1, 2006�and the Report on Form 10-Q filed on�February 8,
2007. The company does not undertake an obligation to update its
forward-looking statements to reflect future events or
circumstances.
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