MUMBAI: Thirdware Solutions, based in Mumbai and dealing in enterprise
application solutions has tied up with US based Hyperion Solutions Corporation
to provide business intelligence solutions to organizations in India. Hyperion
deals in business analytics solutions and works with the top Fortune 100
companies.
Pradeep Erinjery, chairman and COO, Thirdware, said that this alliance was
primarily to provide support and market for their products in India. Thirdware
would be the exclusive distributor for Hyperion products, he added.
The three Hyperion products that Thirdware would showcase for the Indian
market include Hyperion Pillar, Hyperion Essbase OLAP (online analytical
processing) Server and Hyperion Enterprise.
Hyperion Pillar provides application for budgeting, planning and sales
forecasting. The second product, Essbase, organizes and presents data along
familiar business dimensions. Essbase is used globally by organizations to
examine the past performance and to model and forecast their future direction.
Hyperion Enterprise is a financial consolidation, reporting and analysis
solution for organizations. Presently, around 3000 organizations are using the
product, said Erinjery.
In India, Erinjery hopes the product would perform well after the SEBI's
guidelines to organizations to resort to financial consolidation.
The products would target the large products. There are around 300 Hyperion
products and Thirdware would target 13-14 products in initial few years.
Commenting on the marketing strategy of the products, Erinjery clarified that
the product would be marketed through seminars and direct mailers.
With these new products in portfolio, the company expects around 50-60 per
cent growth this year. Last year the company closed the year with the revenue of
Rs 15 crore-16 crore.