OLAP Pioneer Erik Thomsen Joins Hyperion As Distinguished ScientistSUNNYVALE, Calif., June 9, 2003—Hyperion (Nasdaq: HYSL), the leader in Business Performance Management software, today announced that online analytical processing (OLAP) pioneer and noted industry expert Erik Thomsen has joined the company as distinguished scientist. Thomsen will help extend the company’s technical vision and capabilities in the emerging market for Business Performance Management solutions. “Erik brings a unique combination of practical, business experience and progressive theoretical knowledge; we are extremely fortunate to add him to our team,” said Robert Gersten, chief development officer for Hyperion, to whom Thomsen will report. “He is a brilliant and prolific inventor, author, patent holder and businessman with an ideal background for helping Hyperion drive performance accountability across organizations.” “I wanted to go to a company where I could work with a world- class team to help create leading-edge software products that address the real-world business problems that undermine companies’ financial and operational performance,” said Thomsen. “Hyperion is the perfect size—and has the right focus and balance between its core technology platform and its packaged, domain- specific applications—to make a difference.” Thomsen has 20 years of academic, consulting and business experience in decision support, business intelligence and OLAP technology. Most recently, he was chief scientist for DSS Lab in Cambridge, Mass., an independent developer of decision support and business intelligence applications, systems and tools. George Spofford, also from DSS Lab, joins Thomsen at Hyperion. Spofford, like Thomsen, is a pioneer in business intelligence and will serve as distinguished engineer. Both will continue to work from Cambridge. Among his accomplishments, Thomsen wrote, “OLAP Solutions: Building Multidimensional Information Systems,” the first comprehensive textbook on OLAP, now in its second edition and published by John Wiley & Sons. About Hyperion Hyperion is the global leader in Business Performance Management software that enables companies to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. More than 6,000 customers worldwide use Hyperion's Business Performance Management family of packaged and tailored applications and its leading business intelligence platform. 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 2,100 people in 20 countries and is represented in 16 additional countries through distributor relationships. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. only). # # # Safe Harbor Statement Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10- K filed on September 25, 2002 and the Report on Form 10-Q filed on May 14, 2003. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. Hyperion is a registered trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners. Media Contact: |