Decisioneering agrees to be acquired
Jeff Smith, Rocky Mountain News
Wednesday, January 24, 2007
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Hyperion Solutions Corp., a leader in business performance management software, has signed a definitive agreement to acquire Denver-based Decisioneering for an undisclosed price.
Decisioneering is a 20-year-old software company with 70 employees in Denver and offices in London and Frankfurt, Germany. The company produces a business risk-analysis software product called Crystal Ball.
Hyperion, of Santa Clara, Calif., has 2,700 employees and had revenue of $222.9 million in its most recent quarter. The company said it plans to operate Decisioneering as a stand-alone unit.
Decisioneering spokesman Kevin Weiner said the cultures of the two companies are similar and that the acquisition should be a positive for employees.
"As far as I know everyone will be retained, and we'll probably be adding even more (employees)," Weiner said.
Decisioneering has been ranked as one of the 50 fastest-growing technology companies in Colorado for nine straight years by Deloitte & Touche. The privately held company doesn't disclose annual revenues.
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