Oracle to buy Hyperion for $3.3 billion

Continuing its recent acquisition-spree, Oracle has announced that it will buy business intelligence software vendor Hyperion for a whopping $3.3 billion in cash. Oracle plans to integrate Hyperion's products into its own business intelligence and analytics software packages, in order to "offer customers a broad range of performance management capabilities, including planning, budgeting and operational analytics." No word yet on how the purchase will effect Hyperion's customers, support or sales channels.

For more on the acquisition:
- see this ComputerWorld article

ALSO: Deal could hurt Hyperion customers, analysts say. Article