from DSSResources.comApplix customers lauded for strategic vision in expanding business performance management and operational performance management applicationsSCOTTSDALE, Ariz., May 24, 2006 -- APPLIX INTERNATIONAL USERS CONFERENCE -- Applix, Inc. (Nasdaq: APLX), a global provider of Business Performance Management (BPM) and Business Intelligence (BI) applications, today bestowed the Applix Enterprise Leadership Award on SunTrust Banks, Inc. and the Applix Beyond Finance Award to T.D. Williamson, Inc. These customers received their awards and recognition at this week's Applix International Users Conference, held in Scottsdale, AZ. SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest commercial banking organizations serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2005, SunTrust had total assets of $179.7 billion and total deposits of $122.0 billion. SunTrust had relied on the Applix TM1(R) performance management platform as a departmental solution for activities including planning, reporting, scorecard reporting, and product profitability analysis. In 2005, SunTrust standardized on Applix TM1 throughout the enterprise for business performance management. This initiative included moving to TM1 as the standard performance management solution, replacing point solutions from Applix competitors. "Applix TM1 has delivered the elusive 'single source of the truth' for all our financial planning, reporting and performance management needs," said Brian Maes, group vice president, Finance Solutions, SunTrust, Inc. "Additionally, Applix TM1 delivers on its promise of providing an easy to use solution that gave SunTrust a very rapid ROI." SunTrust relies on TM1 on the 64-bit platform, which enables the organization to analyze and report on a large amount of data: a 200 plus - dimension model with more than 350 users accessing the system on a typical day. T.D. Williamson, Inc. is a global manufacturer and service company providing products and services for the repair and maintenance of pipelines. With more than 80 years of experience, the company is a leading designer and manufacturer of engineered systems for tapping, plugging, pigging and inspecting piping and pipeline systems. "We are a relatively new Applix customer -- we selected and deployed TM1 in 2005," said Randy Mannschreck, assistant treasurer, T.D. Williamson, Inc. "Once we chose to go with TM1, we were able to quickly install TM1 across our finance and operations departments. Within just a few short months, we've come to rely on TM1 to track most of our key performance indicators (KPIs) and understand in real-time, our operational performance management." At T.D. Williamson, Inc., TM1 is used by operations vice presidents and other personnel to manage and make decisions based on daily sales reports, backlog, DSO, headcount, the status of capital expenditures and more. "As market leaders, many Applix customers worldwide are aggressively embracing performance management across the enterprise with complex applications such as gross to net for drug sales, customer and product profitability, daily production shift reporting, energy pricing, and credit card data analysis," said David Menninger, vice president, worldwide product management and marketing. "The experiences of SunTrust and T.D. Williamson are indicative of how Applix TM1 users are implementing leading edge performance management applications that supply the keys for greater business agility - which can increase an organization's profits and help to exceed its goals." Applix TM1 Applix's TM1 is a complete performance management application, delivering strategic business planning, budgeting, reporting and analytics for powering analysis of financial, operational, transactional and other business data. Customers using TM1-based applications have won industry awards from several leading publications, including Start Magazine and Business Finance Magazine. About Applix Applix (Nasdaq: APLX) is a global provider of Business Performance Management and Business Intelligence applications, based on Applix's TM1. TM1 applications enable continuous strategic planning, management and monitoring of performance across the financial and operational functions within the enterprise. Applix is a founder of the BPM Standards Group (http://www.bpmstandardsgroup.org), and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace. More than 2,200 customers worldwide use TM1 for its tight integration with Excel, real-time response, adaptability, and low total cost of ownership. Delivered by Applix and by a global network of partners, TM1-based applications help customers manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit http://www.applix.com. Any statements in this press release about future expectations, plans and prospects for the Company, including any statements containing the words "believes," "anticipates," "plans," "expects," and similar expressions, constitute forward-looking statements. Forward-looking statements necessarily involve risks and uncertainties, and actual results could differ materially from those indicated by such forward-looking statements as a result of various important factors. Factors that could cause or contribute to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions, loss of key personnel, litigation, potential fluctuations in quarterly results, lengthy sales cycles, market acceptance of new or enhanced products and services, factors affecting spending by customers and other risks, uncertainties and factors including those described in the Company's most recent Form 10-K or 10-Q under the heading "Risk Factors"/"Factors That May Affect Future Results." In addition, the forward-looking statements provided by the Company in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward- looking statements at some point in the future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release. Applix and TM1 are registered trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. Charlotte Locke clocke@applix.com |