Hyperion Solutions, a provider of Business Performance Management (BPM) software, has decided to have its own subsidiary in India soon. The Indian subsidiary – Hyperion Systems India Pvt Ltd – which is yet to be registered, would have sales offices in Bangalore and Mumbai, informed a top official of the US-headquartered company.
Hyperion has about 30 clients in India which include Reliance Industries, Maruti Udyog, Toyota, Bharati, Hutch, IBM, Citigroup, Aditya Birla Group and American Express. The company currently operates in 45 countries and has 2,500 people in its pay roll. According to IDC, the market size for BPM software in India is presently $10-11 million.
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