07 Apr 2009FOR IMMEDIATE RELEASE | View the PDF Version

Star Analytics Helps Enterprises Improve Financial Performance
With New Version of Star Integration Server

Leading Financial Data Integration Solution Helps Oracle Hyperion Customers Accelerate Reporting, Ensure Compliance and Ease Transition to IFRS

San Mateo, Calif., June 2, 2009 – Star Analytics, Inc., a leading provider of enterprise data integration software for Financial Consolidation, Planning, Budgeting and Analysis, today released the new version of the Star Analytics Star Integration Server. With enhanced support for Oracle Hyperion Financial Management and a dramatic increase in extract performance, the new version is the most cost-effective solution for streamlining access to finance data for profitable business decisions.

Already deployed by finance and IT departments in the world’s leading companies, the Star Integration Server is the only solution designed with built-in understanding of the data, business processes, finance calculations and compliance requirements that are unique to the office of the CFO. The new version of the Star Integration Server eliminates the burdensome and error-prone manual programming required to access, consolidate and share data from finance applications, such as Oracle Hyperion Financial Management, with relational data stores and business intelligence (BI) applications.

The new version offers many benefits to Oracle Hyperion customers:

“The Star Integration Server addresses critical roadblocks to improving financial performance,” said Tom Tortolani, vice president of products for Star Analytics. “With this new release, Star Analytics is extending its lead in financial information management, delivering innovations that help companies increase the timeliness and accuracy of financial reporting, establish continuous planning environments and shave days off their financial close.”

The Star Integration Server is used by some of the world’s largest Hyperion Financial Management installations. For example, the new release is being used by a large energy company to integrate all the details of their Oracle Hyperion Financial Management application with their operational data for a more complete view of business planning and performance analysis.

“We are excited to be able to leverage the new capabilities of the Star Integration Server with our clients,” said Jane Kozuch, HFM practice lead for Key Performance Ideas, a member of the StarPartner program. “Being able to extract all of the Oracle Hyperion Financial Management data, including dynamically calculated values, data in all value dimension members, line item detail (LID), and journal entries (JE), is important to many of our customers. This greatly simplifies data integration tasks that were previously quite difficult.”

Key Performance Ideas exemplifies the world-class network of StarPartners offering consulting and training services in areas such as Enterprise Performance Management (EPM), Data Warehousing and BI. For more information, visit http://staranalytics.com/partners or http://www.keyperformanceideas.com.

See how easy it is for non-technical users to extend the value of their Oracle Essbase and Oracle Hyperion Financial Management deployments in a demo at http://www.staranalytics.com/demos/sis_demo_medium.

Test drive the Star Integration Server with a free download at http://www.staranalytics.com/products/express/.

About Star Analytics
Star Analytics is the leader in Financial Data Management software, offering enterprises a cost-effective way to integrate and access disparate financial and operational data for business decisions based on profitability. Fortune 1000 companies in all major industries use technology from Star Analytics to improve business analytics and reduce the burden on IT by automating the integration and management of financial processes and data. Partners include Oracle, IBM Cognos, SAP BusinessObjects, QlikTech, and Microsoft. Headquartered in San Mateo, California, Star Analytics is a privately-held company backed by Hummer Winblad Venture Partners and LightSpeed Venture Partners. Visit http://www.staranalytics.com.

Take part in discussions about the next generation of financial systems at the Finance Systems Innovators blog at http://www.financeinnovators.com.

Media contact
Joanna Rustin
Rustin Communications for Star Analytics
866-496-8028

The Star Analytics Logo and StarPartners are trademarks of Star Analytics. All other names mentioned herein may be trademarks of their respective owners. This press release is for informational purposes only and no offer to buy or solicitation of an offer to sell any securities is made hereby. Certain information contained in this news release is forward-looking and is subject to unknown risks and uncertainties. The actual results, performance or achievements of the company may differ materially from the results, performance or achievements of the company expressed or implied by such forward-looking statements.

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