NewswireTODAY - /newswire/ - New York, NY, United States, 2007/10/10 - Pinnacle Group Worldwide and its K2Analytics division are partnering with Arrow Enterprise Computing Solutions (ECS) to deliver the Oracle® Hyperion System 9 suite of financial management applications as a hosted and managed service [NYSE: ARW] - K2Analyt.

"Businesses both large and small are looking to increase their return-on-investment for their software dollar. K2Analytics.com is both an affordable solution to Business Performance Management, and provides a compelling time-to-value that is measured in months, not years," said Mark Gregoire, Director of Sales, Pinnacle Group Worldwide. "We're thrilled that Arrow ECS is committed to delivering our vision of practical and valuable solutions to the marketplace."

Pinnacle Group is a Hyperion Preferred Select Partner reseller and services provider. The company participated in the Hyperion Financial Management 4.0 Beta program, was chosen to be in the new Head-Start Metadata Manager (MDM) product launch and selected in the Early Adopter program for Hyperion’s new System 9 release.

Hosting and managed services for the Hyperion modules are being provided by Pinnacle's K2Analytics division. K2Analytics (k2analytics.com) is a certified Hyperion hosting and managed services partner. The company operates its SaS-70 level 2 certified data center in Towson, Md.
Pinnacle Group has brought one of the industry’s first On Demand solutions for Business Performance Management to market through its K2Analytics offering. This unique solution leverages the industry leading Hyperion System 9 suite of products. The managed service gives companies an affordable, scaleable and customizable solution for meeting their budgeting, financial reporting and business analytics needs.

About Pinnacle Worldwide

Founded in 1995, Pinnacle (pgww.com) is a global consulting firm focusing on business analysis and financial systems solutions. Pinnacle supports clients with selection of best-of-class software packages, data quality improvement and Sarbanes-Oxley 404 compliance, multi-currency consolidation and financial reporting, inter-company processing and analysis, financial budgeting and planning, business intelligence and performance management. Pinnacle Group is a preferred partner of Hyperion Solutions, the global leader in BPM software. Pinnacle Group Worldwide is headquartered in New York, with offices across North America.

About Arrow ECS

Arrow ECS, a business unit of Arrow Electronics, Inc. [NYSE: ARW], provides enterprise and midrange computing products, services and solutions to value-added resellers, system integrators and independent software vendors. Based in Englewood, Colo., Arrow ECS connects its customers to the world's foremost technology suppliers, including HP, IBM, Sun Microsystems, EMC, NetApp, Hitachi Data Systems, Oracle and other leading storage networking, software and security suppliers. Arrow ECS reported $2.5 billion in worldwide computer products sales in 2006.

Agency / Source: Pinnacle Group Worldwide

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