Dubai, October 1, 2002-
Hyperion (Nasdaq, HYSL), the global leader in business performance management
software, and Dubai Internet City-based Interactive Limited have announced a distribution agreement covering the GCC market.
Under this agreement, Interactive will join the network of more than 330 partners around the world in providing innovative and specialized business performance management solutions and services to customers in the GCC region.
Ziad Tassabehji, CEO of Interactive Limited, said “With current world events, unanticipated economic shifts and a rapidly changing business environment, we are witnessing a growing need by local enterprises to adopt a new kind of performance and profitability management system. Enterprises are becoming aware that to be adaptive to these changes calls for new key management practices, to adopt solutions that help them measure performance and drive profitability.”
As the founder of one of the earliest and fastest growing Internet software companies in the UAE, Ziad Tassabehji adds, “The days of spending money on the web just to establish an Internet presence are over, as emphasis is now moving to integrating the Internet with internal and external business processes. Local enterprises are beginning to realize how many revenue opportunities they have missed because of lack of insightful analysis on products, customers and channel performance. By introducing the new Hyperion business performance management products, we plan to help institutions, particularly in the financial sector, use sound proven management practices to increase their return on investments.”
Craig Manning, Managing Director of Indirect Markets at Hyperion, said, “Interactive is well established and well known in the business community of UAE. They offer UAE businesses great insight about how they can make use of the Internet to improve their business processes and develop new markets. Hyperion’s web-architected business performance management suite exploits Internet technology to enable analysis, reporting and distribution of information across the whole enterprise. This gives management at all levels the visibility they need to manage all aspects of organizational performance and drive company profitability.”
Ziad Tassabehji concludes: “There is a synergy between Hyperion and Interactive and we hope to leverage our collective strength to offer integrated solutions that measure performance and improve profitability. This will help our existing and new customers in the GCC region to achieve the significant return on investment being achieved by similar global organizations using Hyperion.”
About Interactive Limited
Interactive Limited is one of the leading web-based solution developer in the Middle East, with expertise in developing applications for governmental departments and financial institutions. Interactive offers customized proprietary solutions, integration and e-consulting, business intelligence solutions, as well as multi-media applications to a growing list of prestigious clients in the Middle East, including Dubai Police, Dubai Municipality, Bank of Kuwait and Bahrain, and National Bank of Abu Dhabi.
About Hyperion
Hyperion, a global leader in business performance management software, creates solutions that help companies measure performance and drive profitability. Hyperion's Business Performance Management Suite of packaged and tailored applications and its open, integrating business intelligence platform, Hyperion Essbase XTD, enable companies to set goals, model and plan performance, monitor and report key results, analyze underlying business drivers and anticipate future performance of core business activities. Hyperion products are used by more than 6,000 customers around the world to enable financial, organizational, customer relationship, supply chain and channel performance management. Hyperion has a network of more than 330 partners to provide innovative and specialized business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $492 million in fiscal 2002. The company employs more than 2,200 people in 20 countries and is represented in 16 additional countries through distributor relationships. For more information, please visit www.hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. only).
Media Contacts:
Hyperion
Kate Lerche
+44 1784 228 156
kate_lerche@hyperion.com
Interactive Ltd
Rola Tassabehji
+971 4391 2500
rola@Interactive-ltd.com
Hyperion, the Hyperion “H” logo and Essbase are registered trademarks and Hyperion Solutions is a trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.
© Press Release 2002
