Hyperion and ITM Software Announce OEM Partnership to Provide Business

    Business Editors/High-Tech Writers

    SANTA CLARA, Calif. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 31, 2005--

    ITM Software Integrates Hyperion Business Intelligence Platform
    into the ITM Business Suite

    Hyperion (Nasdaq:HYSL), the global leader in Business Performance Management software, and ITM Software, a leading provider of business applications for CIOs, have signed an OEM agreement for ITM Software to provide business intelligence software to users of the ITM Business Suite, an integrated suite of applications built specifically to improve business management of IT. As a result of this agreement, ITM Software recently released the ITM Financial Resource Management (FRM) application module, which seamlessly incorporates Hyperion's enterprise analytic infrastructure.
    The ITM FRM module, the first comprehensive financial management solution built specifically for IT, leverages the strength of the enterprise-class, real-time analytic capabilities of Hyperion Business Intelligence Platform to enable financial transparency into the IT function. By enabling sophisticated what-if analyses exposing the financial impact of current and proposed IT project investments on sustaining operations, the solution makes it possible for IT and its major stakeholders to jointly make fully informed IT investment decisions.
    "Through our partnership with ITM Software, we are extending the use of our software to the IT department to monitor and analyze business performance for better decision making," said Rich Clayton, vice president of product marketing at Hyperion. "ITM Software is bringing a critical solution to the CIO by combining its expertise in IT business and financial management with the powerful analytic capabilities of Hyperion."
    "The ITM FRM solution provides a level of transparency into IT financials unavailable due to current manual IT financial processes," said Ken Coleman, chairman and CEO of ITM Software. "Powered by Hyperion, it also delivers speed and scalability as well as sophisticated financial analytics. FRM translates IT costs into business benefits, enabling businesses and IT organizations to make better IT investment decisions."

    About Hyperion

    Hyperion is the global leader in Business Performance Management software. More than 10,000 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).

    About ITM Software

    ITM Software provides CIOs and IT organizations with software products and management expertise that advance the business management of Information Technology. The ITM Business Suite gives CIOs the visibility and control required to manage the projects, vendors, people, financial and governance challenges of IT. Coupled with the ITM Business Suite, the Company provides best practice expertise that enables CIOs to drive down IT costs, deliver more business value, and build strategic partnerships throughout the enterprise. Founded in 2000 by former CIOs, the Company serves IT organizations within Fortune 2000 corporations, government agencies and universities. ITM Software is privately held and is headquartered in Mountain View, California. For more information, please visit us at www.itm-software.com.

    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 13, 2004, and the 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.

    "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.

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CONTACT: Hyperion Barbara Maigret, 408-588-8729 barbara_maigret@hyperion.com or For ITM Software Christina Sarracino, 415-844-6219 csarracino@accesspr.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING PRODUCT MARKETING AGREEMENTS SOURCE: Hyperion

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