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News release February 20, 2004 COL and Hyperion join forces in the growing business performance management market Hong Kong’s market for business performance management (BPM) solutions has received a major boost following the signing of a partnership agreement between COL and Hyperion. COL will distribute and implement Hyperion's BPM solutions to its customers in Hong Kong. Already a well established global leader in BPM applications, Hyperion has been aggressively expanding its presence in Asia. It has strategically partnered with COL as a key player in the Hong Kong market with a 30 year track record of implementing successful information technology solutions for large corporations. “This strategic move with Hyperion is a natural and inevitable one, since we have been working together ever since COL started applying Essbase technology to help customers add value to their businesses," said Calvin Fung, COO of COL. Essbase, a multi-dimensional OLAP database, is a world- recognised analytic platform that provides the best Business Intelligence solution. It is a very powerful platform that COL has used to develop applications for its customers. "In a sense, we’ve been a champion of Hyperion for quite some time. We’re naturally pleased to have forged this relationship since Hyperion has an unrivalled portfolio of BPM applications," he said.
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col_pr040220
Transcript of col_pr040220
COL / Hyperion release
News release
February 20, 2004
COL and Hyperion join forces in the growing business performance management market
Hong Kongs market for business performance management (BPM) solutions has received a major boost following the signing of a partnership agreement between COL and Hyperion. COL will distribute and implement Hyperion's BPM solutions to its customers in Hong Kong.
Already a well established global leader in BPM applications, Hyperion has been aggressively expanding its presence in Asia. It has strategically partnered with COL as a key player in the Hong Kong market with a 30 year track record of implementing successful information technology solutions for large corporations.
This strategic move with Hyperion is a natural and inevitable one, since we have been working together ever since COL started applying Essbase technology to help customers add value to their businesses," said Calvin Fung, COO of COL.
Essbase, a multi-dimensional OLAP database, is a world-recognised analytic platform that provides the best Business Intelligence solution. It is a very powerful platform that COL has used to develop applications for its customers.
"In a sense, weve been a champion of Hyperion for quite some time. Were naturally pleased to have forged this relationship since Hyperion has an unrivalled portfolio of BPM applications," he said.
COL has a dedicated Hyperion implementation team with certified consultants. They will leverage Hyperions global market leadership in the category of Business Performance Management with the suite of products ranging from Business Intelligence solutions, Business Modeling, Budgeting and Planning, Consolidation Solutions, Financial Management, Strategic Finance as well as the Performance Scorecard.
COL has done a great job in pioneering the use of Essbase in Hong Kong in the last few years, said Betty Lin, General Manager, Greater China, Hyperion. We see significant synergies by working with a leading local BPM solution integrator ourselves.
Weve already brought in COL, as our Implementation Partner, on several BPM project implementations and the results have been excellent -- both from a Hyperion and a customer perspective. Their skill set exceeds our expectations.
Hyperion already works with a number of global IT consulting firms in Hong Kong, enabling it to provide local support to its multinational customers. The addition of COL to Hyperions extensive partner network, gives Hyperion a unique access to major Hong Kong enterprises and public sector organisations.
This really is a win-win for everyone for COL, Hyperion and most importantly for our customers. Hyperion's product line is proven and famous among the finance community, and with the recently announced acquisition of Brio Software, it is going to get even stronger said Fung.
Like COL, Hyperion is also very committed to Hong Kong with its 8 years local presence. We see our combined efforts will bring the best of breed solutions, excellent quality of services to businesses in Hong Kong," said Lin.
About HyperionHyperion 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 provide the companys innovative and specialised solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,600 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion together with recently acquired Brio Software Inc. generated combined annual revenues of US$612 million for the 12 months ending June 30, 2003. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com.
About COL
COL is Hong Kongs leading independent computer services company, with over 30 years of local experience and employing over 200 people. COL provides datacentre services including facilities management, disaster recovery and full business recovery along with professional services for application and network development. COL is the Hong Kong distributor for world leading hardware solutions in the areas of data storage, networking and printing, and software solutions for business intelligence, budgeting & planning and human resource management. COL is a Microsoft Certified Partner, a Cisco Silver Partner, StorageTek distributor, Hyperion distributor & Implementation Partner and Oracle Preferred Implementation Partner. More information about COL can be found on the Web at http://www.col.com.hkIssued on behalf of COL Ltd
by Firebrand Communications
For further information, please contact:
Norris Hickerson (COL): (852) 2118 3888
(email: [email protected])
Brian Paterson (Firebrand): (852) 2122 9760
(email: [email protected])
Note to editors: this release can also be found on the Firebrand Web site at www.firebrand.com.hk. For enquiries on releases by email, please call Jane Wong at
(852) 2122 9760 or send message to [email protected].
