SANTA CLARA, Calif. – December 14, 2004 – Hyperion Solutions (Nasdaq: HYSL), the global leader in Business Performance Management software, announced today that it has filed a Federal court action against OutlookSoft Corporation, charging that OutlookSoft is infringing two Hyperion patents relating to its financial consolidation, reporting and analysis applications, Hyperion Financial Management and Hyperion Enterprise. Hyperion is asking for damages for past infringement, including treble damages for willful infringement, and an injunction against further infringement. The lawsuit was filed in the U.S. District Court for the Eastern District of Texas.
“We are committed to protecting our intellectual property and maximizing the benefits of our technology for our customers, partners, and shareholders,” said John Kopcke, Hyperion’s Chief Technology Officer. “We will vigorously protect our intellectual property.”
About Hyperion
Hyperion is the global leader in Business Performance Management software. More than 9,000 customers – including 91 of the Fortune 100 – rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. 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).
Forward-Looking Statements
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning anticipated outcomes of current or potential litigation, expected future financial results, and the potential success of anticipated product offerings. 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 actual outcomes of current or potential litigation, the company’s failure to increase revenue, significant product quality problems, the impact of competitive products and pricing, a decline in 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 Annual Report on Form 10-K filed on September 13, 2004 and the Quarterly Report on Form 10-Q filed on November 9, 2004 . The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
For more information:
Hyperion Solutions
Rob Beijleveld, Marketing Director
Tel.: +31 30 298 81 00
E-mail: rob_beijleveld@hyperion.com