James Niccolai and Jeff Jedras

Oracle Corp. has agreed to acquire business intelligence software vendor Hyperion Solutions Corp. for $3.7 billion in cash, it said on Thursday.

SAP AG and Microsoft Corp. announced the official name for Project Mendocino this month and said they plan to ship the jointly developed software on schedule in June. Mendocino will officially be called Duet. Duet will allow workers to access data and processes from SAP