9 Jul 2009FOR IMMEDIATE RELEASE | View the PDF Version

Star Analytics and Linium Expand Breadth of Financial Management Solutions for Oracle Hyperion Customers

Helping Customers Gain Greater Value from Oracle Hyperion Investments by Making Finance Systems Easier to Manage, Integrate and Use

SAN MATEO, Calif., July 9, 2009 –Star Analytics, Inc., a leading provider of enterprise data integration software for Financial Consolidation, Planning, Budgeting and Analysis, and Linium, LLC, an Oracle Certified Partner specializing in the Oracle Enterprise Performance Management suite of products, today announced a partnership to improve the timeliness and accuracy of performance-based business decisions.

Under the partnership, Linium will resell the Star Analytics Financial Management Platform within its Corporate Performance Management and Business Intelligence offerings. Built on the Star Integration Server and the Star Finance Command Center, the platform integrates finance and operational data from Oracle Hyperion and other systems and makes it available on demand.

Some of the largest Oracle Hyperion customers are using the Star Analytics platform to accelerate decisions, speed their financial close process and power continuous planning environments. The solution reduces the cost and complexity of managing and expanding their finance systems by eliminating the manual intervention needed to access and integrate data and processes for reporting and analytical applications in areas such as: Global Cash Management; Incentive Compensation; Expense and Revenue Management; Capital Planning; Performance Management; and International Financial Reporting Standards (IFRS) adoption.

Today’s announcement addresses the critical need to improve business performance in this challenging economy. Studies suggest an increased focus on areas like planning, budgeting and forecasting, with a recent report indicating that over 80% of respondents “were determined to improve this process in the next two years.” (Source: “Thriving not just surviving: Insights from leading finance functions”; CFO Research Services for KPMG International, June 2009)

“Our partnership with Linium is a huge win for customers that are struggling to reduce the total cost of ownership of finance systems that are laden with proprietary code and custom calculation scripts,” said Tom Tortolani, vice president, products at Star Analytics. “With Linium’s successful implementations in both the commercial and federal markets, the partnership will dramatically increase our footprint as we advance breakthrough approaches to financial data integration.”

“Star Analytics has made it easy for us to deliver added value by automating and reassembling valuable code, scripting and finance widgets into workflows that power mission-critical reporting and analysis for our clients,” said Sean Bernhoit, vice president, Oracle Worldwide Practice at Linium. “We are already seeing strong interest from large enterprise clients that are beginning to deploy Star Analytics to make their multi-platform finance systems easier and more cost effective to manage.”

About The Star Analytics Financial Management Platform

The Star Analytics Finance Command Center is the first centrally-controlled, secure enterprise software solution that monitors and automates the workflow of finance systems for non-technical finance users. The Star Finance Command Center represents the next generation of software that boosts operational efficiencies and accelerates business decisions by improving the management, reliability and visibility of finance processes. The Star Finance Command Center provides a new way to manage, control and view the automation tasks that run across a company’s financial systems.

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

About Linium

Linium is an IT management consulting and solutions integration firm specializing in IT service and asset management solutions, financial planning applications, and business intelligence. For over a decade, Linium has delivered IT solutions and services that provide business value to the Fortune 500 and Government industries, through a fully integrated array of services that enable clients to control costs, reduce risks, improve service delivery and enhance security. Visit http://www.linium.com.

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.

Media contact

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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