Essbase Analytics - Essbase & HFM to be on a same server ?

Hi,
Is it mandatory that Essbase & HFM is to be installed on the same server for analytics to work?

Thanks Jonh for your quick reply...
But do they need to be under same Foundation & shared services ?
Because my Essbase & HFM installations are on totally different servers with diff shared/Foundation services.
I am trying to establish bridge between them & in Summary it showing HFM Server Not Available.

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