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Monday, February 28, 2011

History of Oracle DRM

The latest version of DRM is Oracle - Hyperion Data Relationship Management 11.1.2.X as part of the Fusion edition of the Oracle EPM module.

The history of Oracle DRM goes way back to a company called Razza Solutions pre-1995. The company marketed a product called Razza Dimension Server (Razza DS), and had about thirty Fortune 500 as customers. In January, 2005, Hyperion acquired the company with Razza’s 15-person staff became Hyperion employees. Since Hyperion’s acquisition, the product was marketed as Hyperion Master Data Management (MDM) Server. Razza was integrated as part of Hyperion’s System 9 Business Intelligence Platform.

The value proposition with Razza’s product was an unique way to model business reality as required by LOB's and executives to measure business performance. It provided a single point of control on the complex and dynamic business rules and data such as products, organizational, channel and impacts of mergers and acquisitions.

2005 – Hyperion acquires Razza Solutions (Master Data Management)
2006 – Hyperion acquires UpStream (Financial Data Quality Management)
2007 – Hyperion acquires Decisioneering (Crystal Ball)
2007 – Oracle Corporation announces agreement to acquire Hyperion for USD3.3 Billion.

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