from DSSResources.comApplix establishes TM1 Center of Excellence to advance best practices for BPM and BI applicationsWESTBOROUGH, Mass., Jan. 26, 2005 -- Applix, Inc. (Nasdaq: APLX), a global provider of single platform solutions for Business Performance Management (BPM) and Business Intelligence (BI) solutions, today announced the formation of the TM1 Center of Excellence, a global resource to provide Applix customers and partners best practice guidance throughout the application lifecycle. TM1(R) is used by more than 1,900 businesses worldwide for more accurate and efficient financial planning, budgeting, forecasting and analysis. With a variety of front ends such as Microsoft Excel and the Web, TM1 provides a single view of financials and advanced capabilities for ad hoc reporting. "It is crucial that business applications meet design goals and deliver the expected ROI," said David Mahoney, president and CEO of Applix. "TM1 is the platform of choice for planning, budgeting, forecasting and financial consolidations/reporting applications, and the Center of Excellence will help Applix customers and partners to successfully deploy their TM1 applications or improve upon those already implemented." The primary role of the Center of Excellence to establish and disseminate best practices in the field of TM1-based applications -- based upon customers' and partners' knowledge -- including: * Project management techniques; * Effective user interface design; * Reusable design patterns; * Industry-specific business modeling; * Back-end data integration; and * Application optimization and maintenance. Ken Wolf, president and CEO of Revelwood, an Applix partner, said, "Given the wide spectrum of application types, vertical industries, and varying levels of skill and knowledge within the TM1 community, we know that the Center of Excellence will be a valuable resource to all Applix customers and partners by acting as a focal point for TM1 best practices and knowledge sharing and by influencing Applix product strategy to address real-world needs." Most of the Center of Excellence information products will be available electronically through the Applix Web site and will include manuals and how-to guides, computer-based training, demonstration videos, code samples and application templates, Applix TM1 Applix's TM1 is a proven, multi-dimensional business planning, reporting and analytics platform for powering strategic analysis of financial, transactional, operational and other business data. TM1 has scored the highest rating in goal achievement, better decisions, and better reporting for the second year in a row, according to The OLAP Survey 4 (http://www.survey.com/olap) by independent analyst Nigel Pendse and has been named as a leader in the tools category of the BPM Partners' annual "Beyond the Hype" Webcast and the BPM Buyer's Guide in Business Finance Magazine (http://www.bpmpartners.com/events_webinars.shtml). Customers using TM1-based applications have won industry awards from leading organizations, including Start Magazine and Business Finance Magazine. Applix also provides TM1 Planning Manager(TM) to provide workflow and compliance capabilities for all TM1-based applications and TM1 Web(TM), a Web- enabled front end for global and remote read/write capabilities of BI and BPM applications. About Revelwood Revelwood provides business performance management (BPM) solutions that enable companies to predict, measure, evaluate and impact business performance. Offering products, implementation services, training and support, Revelwood brings ease, speed and flexibility to enterprise budgeting, planning, reporting, consolidation and analysis-all on a single, common platform. Since 1995, Revelwood has provided solutions for numerous innovative companies including Viacom, Liberty Corporation, Kaiser Permanente and Primedia. Revelwood, headquartered in New York City, was named one of America's fastest growing companies in Inc Magazine's listing of the Inc 500 and Deloitte & Touche's Fast 500. Additional information on Revelwood can be obtained by visiting http://www.revelwood.com. About Applix Applix (Nasdaq: APLX) is a global provider of Business Intelligence and Business Performance Management solutions. These solutions, based on Applix's TM1 analytics platform, enable the continuous 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 1,900 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 solutions 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. This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain 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 Annual Report on Form 10-K for the year ended December 31, 2003 under the heading "Risk Factors" and its most recent Quarterly Report on Form 10-Q under the heading "Factors That May Affect Future Results." 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. TM1 Planning Manager and TM1 Web are trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. SOURCE Applix, Inc. Web Site: http://www.applix.com Charlotte Locke Applix, Inc. 508-475-2441 clocke@applix.com |