Hyperoll Ltd., a producer of data processing and business intelligence software, said Tuesday it has signed a strategic cooperation agreement with business performance management (BPM) programming producer Hyperion Solutions, whereby Hyperion will integrate Hyperoll technologies into the latest generations of its products.
The multi-year pact brings to an end Hyperoll's patent infringement suit against Hyperion and allows for sharing of technologies between the two companies and for Hyperion to invest in Hyperoll stock.
A market source estimated the value of the deal at tens of millions of dollars.
Hyperoll has its management headquarters in Mountain View, California and a technological development facility in Omer, north of Beersheba.
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