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Oracle to Buy HyperRoll Assets
It will acquire certain assets of HyperRoll, a developer of financial reporting acceleration software

By: Maureen O'Gara
Oct. 2, 2009 06:45 PM

Oracle on Ulitzer

Oracle says it's going to acquire certain assets of HyperRoll, a developer of financial reporting acceleration software in Mountain View, California.

HyperRoll's software analyzes large quantities of financial data. Its customer base is largely retail and financial accounts.

Oracle said the widgetry would let its customers report results quicker, with more confidence and lower compliance costs.

Terms were not disclosed. Oracle expects the deal to close this year.

HyperRoll investors include Bessemer Venture Partners, Greylock Partners, Sequoia Partners, Israeli VCs Vertex and Microdent as well as Hyperion, the company Oracle bought two years ago. It raised at least $27.6 million.

Published Oct. 2, 2009— Reads 849
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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