Hyperion's management blames the economic slowdown and reduced IT spending as the primary reasons for the layoff. Unfortunately, these excuses are limited in reasoning. In fact, software vendors are responsible for their own success by ensuring that they develop, market, sell, and implement products that align to organizations' business needs and functional requirements. I would agree that companies have been re-examining and prioritizing all business and IT projects. They want to ensure that such projects are focused and contribute to the business process efficiency and organization effectiveness.
Corporations buy products based on value and applicability.
However, Hyperion has not demonstrated such fundamentals that would drive its business growth at rates required to sustain its existing business operations. Although the company offers many products that do have value, it continues to have problems transforming into an application solutions company. Actuate Accelerates Information delivery heats up Actuate Corp ., an information delivery solution provider, held its first analyst conference in San Francisco last week. Overall, Actuate has an in-depth management team that is focused and capable of continuing its growth through existing and new customers along with a strong OEM channel. Actuate provides companies with the capability to deliver information to a broad set of individuals throughout an organization and out to customers, partners, and suppliers.