What? Oracle buying Hyperion?

Found a  post on  Mark Rittman’s blog mentioning the news about Oracle buying Hyperion

This news just made my head spin! What can I say?

One thing is for sure, Oracle is trying to duplicate the product line-up.

It seems for every category, Oracle now has duplicate products as a result of all the acquisitions.

The major impact could be on the CPM product line-up. What is the fate of Financial Consilodation Hub (FCH), Enterprise Planning and Budgeting and the likes?

NEW YORK (Reuters) — Oracle Corp., the world’s top database software maker, is near an agreement to buy Hyperion Solutions Corp., which makes software that lets companies analyze and track their performance, for about $3 billion, The New York Times said on Wednesday in its online edition.

The transaction is expected to be announced as soon as Thursday, and terms were not immediately available, the newspaper said citing unnamed people briefed on the transaction.

Under the direction of CEO Larry Ellison, Oracle has acquired several rival companies in the last few years.

Oracle and Hyperion did not immediately return calls seeking comment. Oracle is based in Redwood City, California, and Hyperion in Santa Clara, California.

Hyperion (Charts) shares closed on Wednesday at $42.84, giving the company a market value of about $2.53 billion based on reported shares outstanding. Oracle (Charts) shares closed at $16.43. Both companies’ shares trade on the Nasdaq.

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