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Thirdware to showcase Hyperion products

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CIOL Bureau
New Update

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.

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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.

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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.

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