Applix Names David Menninger as Vice President of Marketing; Former Oracle Executive Brings Extensive Experience in Business Intelligence and Analytics.Business/Technology Editors WESTBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 24, 2002 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 enterprise-wide Business Performance Management solutions, today announced the appointment of David Menninger as Vice President of Marketing. The former Oracle executive will be responsible for overseeing worldwide product management and marketing initiatives for Applix. "The addition of a seasoned professional such as Menninger to our management team mirrors the fundamental transformation taking place at Applix," said Alan Goldsworthy, 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. of Applix. "With the introduction of the Applix Integra platform and an upsurge in global customer wins for Applix iTM1, we are gaining international renown as a truly strategic Business Performance Management solutions provider, which contrasts sharply with our earlier focus on tools and tool sets in the CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. space. This new strategic focus and traction are helping us to attract top-level talent to influence the market effectively. David has the track record and the presence to play a significant role in taking us to the next level in strategy execution." "Against the backdrop of the 20+% growth rate in the Business Performance Management market, Applix has an aggressive product plan with its latest generation of solutions and its upcoming offerings for proactive analytics," said Menninger. "Coupled with its 20 years of experience in business analytics and customer facing solutions, we are well-positioned to deliver high value to Global 2000 customers in the coming months." Menninger's extensive product management and marketing experience includes serving as Chief Marketing Officer for ArsDigita in Cambridge, MA. Prior to that, Menninger was an executive at Oracle focused on growth opportunities in the Business Intelligence (BI) community. During his seven years at Oracle, Menninger served as the Vice President of Product Marketing for Oracle's 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. Products and Vice President of Product Management for Oracle's Data Mining Technologies. Prior to these assignments, Menninger was a technology evangelist Not to be confused with televangelist. A technical or technology evangelist is a person whose job or role is to promote technologies, usually new technologies. at IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. Software, where he educated the market about OLAP, which led to Oracle's acquisition of the Express product line. Menninger also served on the OLAP Council (body, standard) OLAP Council - A body formed in early 1995 to work on a cross-product API for OLAP. After little success it was replaced by the Analytical Solutions Forum. , is a frequent speaker at industry events, and has authored numerous articles for industry trade publications. Menninger was awarded a Master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. from Bentley College Bentley College is located at 175 Forest Street in Waltham, Massachusetts, 10 miles west of Boston. Founded as a school of accounting and finance in Boston's Back Bay neighborhood, Bentley moved to Waltham in 1968 and today is ranked 31 on Business Week's top 100 undergrad and a Bachelor's degree from the Wharton School of Business at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . About Applix Integra Applix's flagship Integra platform integrates business planning, performance measurement and operational data to enable companies to optimize business effectiveness and customer interaction regardless of geography or structure. Applix Integra provides immediate visibility into data, accountability within a collaborative process and a consistent view of information. It allows managers to quickly stabilize operational fluctuations and take advantage of new opportunities. Companies can quickly adapt their solutions to unique business models, perform real-time planning and analysis with the fastest analytical tool in the market, and manage the complexities of a distributed collaborative environment effectively with Web deployment and process workflow, notification and escalation. Business Performance Management solutions based on the Integra platform are developed by Applix, its global partners and end users. For more information about Applix Integra, please visit http://www.applix.com/solutions/default.asp?content=integra. About Applix Applix (NASDAQ: APLX) is a global provider of enterprise-wide Business Performance Management solutions. These solutions enable the continuous management and monitoring of performance across the financial, operational, customer and organizational functions within the enterprise. More than 2,600 customers worldwide, including more than half of the Fortune 500, use Applix's adaptable, scalable and real-time solutions, delivered by Applix and by a global network of partners, to manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in seven countries in Europe, 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 the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . For more information about Applix, please visit www.applix.com. This press release contains certain forward-looking statements 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 from those indicated. Refer to the Company's annual report on 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 period ended December 31, 2001 under "Risk Factors" for a further discussion of these risks and uncertainties. Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision that 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. (c) 2002 Applix, Inc. All rights reserved. Applix is a registered trademark of Applix, Inc., and Applix Integra is a trademark of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. |
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