Alleon And Applix Offer Flexible, Scalable Internet-Based Planning --iPlanning-- Solutions.Business/Technology Editors WESTBORO, Mass.--(BUSINESS WIRE)--Oct. 31, 2000 Combined Solutions Deliver Increased Operational Efficiency Through Continuously Optimized Financial And Resource Planning Resource planning may refer to:
Applix, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APLX), a global provider of e-Business solutions, announced today that Alleon, a financial information management company, will offer integration and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" for Applix's Internet-based real-time, multi-dimensional business planning (iPlanning) solution based on the industry-leading iTM1 technology for On-line Analytical Processing (database) On-Line Analytical Processing - (OLAP) A category of database software which provides an interface such that users can transform or limit raw data according to user-defined or pre-defined functions, and quickly and interactively examine the results in various dimensions (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ). The combined solution will be offered to government and large commercial clients throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and will deliver on the promise of increased profitability through continuously optimized financial and resource planning. Alleon specializes in helping large corporations and government agencies plan and manage flexible business models in response to dramatic change. The Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. has dramatically affected the timing and scope of financial and resource planning. Alleon selected Applix's technology to meet customer and market demands for rapid consolidation and analysis of core financial, resource, and customer information for use in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and budgeting processes. "Applix iTM1 OLAP technology for iPlanning enables Alleon to provide both large corporate and government customers with comprehensive solutions that can be quickly deployed with minimal impact on their users," said Peggy Metzger, Alleon general manager. "The scalability, flexibility, real-time analysis, and rapid deployment offered by the iPlanning Solution were core to the reason that Alleon chose Applix." Ms. Metzger concludes, "No single company can easily provide a complete, integrated solution to large commercial and government enterprises. The powerful combination of iTM1 technology from Applix and proven consulting and implementation skills from Alleon provides the best of both worlds and a team that is unbeatable in the marketplace." The agreement with Applix allows Alleon to provide a complete solution that includes application development; consulting and systems integration services to organizations that need the ability to constantly improve the management of their complex financial and operational processes. As a result, customers using the Applix/Alleon solution will have immediate access to large volumes of information about customers and financial performance that will in turn allow companies to dramatically shorten budgeting and planning cycles, increase profitability, and optimize customer service. "Alleon is a strong, well-funded and reputable leader helping government and large commercial clients deal with the accelerating rate of change in financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs brought on by the Internet Economy," said Alan Goldsworthy, Applix's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Alleon's Systems Integration expertise and significant client base will extend Applix's leadership in Demand Chain Management to government and large corporations that have traditionally been rooted in "brick & mortar." Goldsworthy concludes, "Together we will help move our combined customers boldly forward into the new Economy." Applix iTM1 is the premier OLAP technology for Internet-based planning (iPlanning) and the leading multi-dimensional database for highly complex business and financial analytical applications. More than 3,300 global customers, including more than half of the Fortune 500 and 72 percent of the Fortune 50, rely on the power of Applix iPlanning solutions to give them the winning edge. About Applix, Inc. Applix, Inc. (NASDAQ:APLX), headquartered in Westboro, MA, is a global provider of e-Business solutions including Internet-based customer relationship management, customer analytics and planning software, and interactive customer communities. As a single source of integrated solutions, Applix enables multi-national and multi-divisional e-Businesses to capture information from every corner of their extended enterprise - internal and external customers, partners and suppliers - to analyze, plan, measure and respond to changing customer requirements and business dynamics, all in real-time. With an innovative approach of combining its core solutions, iEnterprise (iCRM) and iTM1 (iPlanning), Applix aims to be the global leader of Demand Chain Management, providing the measurement and management of customer demand to drive profitable decision-making across the enterprise. Applix maintains offices in eight countries and has over 4,000 customers worldwide. For more information on Applix, please visit http://www.applix.com. About Alleon/GMSI Alleon was founded in 1998 as a division of Global Management Systems, Inc. GMSI GMSI Global Management Systems, Inc. GMSI Geographic Marketing Solutions, Inc. GMSI Grand Master of the Order of the Star of India is a network systems management and net-based enterprise application firm providing service to the Department of Defense, civilian agencies and the private sector. Alleon provides Financial Information Management Solutions to large corporations and government agencies. Customers include Lucent Technologies, Sony, Lockheed-Martin, JP Morgan, and The United States Army United States Army Major branch of the U.S. military forces, charged with preserving peace and security and defending the nation. The first regular U.S. fighting force, the Continental Army, was organized by the Continental Congress on June 14, 1775, to supplement local . Alleon provides information solutions for financial managers who require access and analysis of information in core Accounting and ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems. Functional areas include Budgeting, Planning and Forecasting; Consolidation; Financial Reports; and Financial Data Warehouses. For more information about Alleon, go to www.alleon.com or call 301-214-8146. Notes to Investors This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially. Specifically, comments related to the demand for, revenue from and acceptance of the Company's products and the Company's position in the markets, may be considered forward-looking and subject to a number of risks and uncertainties, including but not limited to: the rate of growth in market demand for the products; the acceptance of the Company's products; intense competitive conditions; rapid technological change; frequent new product introductions and evolving domestic and international standards, which may render existing products and services obsolete. Refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 for a list of factors as discussed under "Risk Factors". Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events. All trademarks, registered trademarks, and service marks are the property of their respective owners. |
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