Hyperion and Emagia Form Alliance to Extend Collaborative Finance Solutions with Business Performance Management Functionality

Integrated Solutions to Deliver Greater Analysis to Optimize Working Capital

SUNNYVALE, Calif.--(BUSINESS WIRE)----Hyperion (Nasdaq:HYSL) and Emagia Corporation today announced a strategic alliance for Emagia to offer Hyperion Essbase as an integrated part of its Collaborative Finance Suite. Emagia, the leader in e-business software for cash flow management, is a Platinum Partner of Hyperion, the leader in business performance management software. The integrated software offering by Emagia will provide users with increased levels of analysis and insight in order to optimize working capital and business performance.

"In today's economic environment, Corporate Performance Management has a strong relation to financial matters," said Gartner Inc. Research Director Frank Buytendijk. "Cash flow management is an important part of CPM that can very quickly drive certain costs down."

For Emagia users, Hyperion Essbase will provide new analytic capabilities for identifying key performance indicators such as propensity toward late payments and level of credit risk. In conjunction with the Emagia solution, the Hyperion technology will empower users with personalized, ad hoc analysis needed to make decisions that directly impact collections and enterprise cash flow management.

"Effective cash flow management is a critical element in improving business performance, which we have found through our own internal use of Emagia applications and Hyperion Essbase," said John Pierson, vice president of channel sales for Hyperion. "By delivering an integrated solution with industry leader Emagia, customers can now drive profitability, assess credit risk and optimize working capital through better business performance management."

Emagia provides e-business solutions for cash flow optimization that streamline and automate cash inflow and outflow processes for medium-to-large enterprises. Through integration of the Emagia and Hyperion solutions, users will be able to identify collections bottlenecks and take action to improve cash flow. By adding new analytic capabilities to the Emagia Collaborative Finance Suite, Hyperion will arm financial management teams with greater insight and increased efficiency of collectors.

"Hyperion business performance management solutions are a strategic extension of our collaborative finance solutions," said Harnish Kanani, COO for Emagia. "By integrating Hyperion Essbase to Emagia's solutions, finance executives will have unparalleled tools for decision making and the ability to execute those decisions in real time to optimize cash flow."

The combined solution is available as part of Emagia Collaborative Finance Suite 3.0, with Emagia providing level one and two customer support. The two companies will also conduct joint marketing and joint sales activities as part of the new relationship.


About Hyperion
Hyperion, the global leader in business performance management software, creates solutions that help companies measure performance and drive profitability. Hyperion's Business Performance Management Suite of packaged and tailored applications and its open, integrating business performance management platform, Hyperion Essbase XTD, enable companies to set goals, model and plan performance, monitor and report key results, analyze underlying business drivers and anticipate future performance of core business activities. Hyperion products are used by more than 6,000 customers around the world to enable financial, organizational, customer relationship, supply chain and channel performance management. Hyperion has a network of over 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 2,200 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).


About Emagia
Emagia Corporation is a leading provider of collaborative e-business software solutions that streamline and automate cash flow processes for medium-to-large enterprises. Headquartered in Santa Clara, Calif., the company focuses on optimizing working capital for its customers through enterprise cash flow management. Emagia products integrate with leading back-office ERP billing payment systems as well as legacy systems and third-party partner networks.


About Emagia Collaborative Finance Suite
Emagia Collaborative Finance Suite provides enterprise cash flow management around receivables, payables and other areas to optimize working capital. Emagia Collaborative Finance Suite offers complete invoice-to-cash management of accounts receivables. It is the only web-based product offering receivables portfolio management, collections management, deductions management and online customer financial service. Collaborative Finance Suite streamlines day-to-day accounts receivables operations and enables connectivity and collaboration between sales departments, customer service departments and customers.


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. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

Note to Editors: Hyperion and Essbase are registered trademarks and Hyperion Solutions is a trademark of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.