Applix TM1 Named Best Performing Analytics Engine in The OLAP Survey 3; Rates Top in Helping Companies Achieve Business Goals.Business Editors/High-Tech Writers WESTBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 18, 2003 Applix, Inc. (Nasdaq: APLX), a global provider of Business Intelligence (BI) and Business Performance Management (BPM) software solutions, today announced its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , TM1, was named best performing analytics engine in The 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. Survey 3 by independent analyst and OLAP (online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. ) authority Nigel Pendse Nigel Pendse is OLAP analyst and the lead person responsible of The OLAP Report and The OLAP Survey, and is an advisor and speaker on a variety of OLAP related subjects. Previously, he had worked both as a user and then in a variety of roles as a salesperson of business . The OLAP Survey 3 (http://www.survey.com/olap) also showed that TM1 helped users achieve their business goals at a higher rate than other OLAP products. "Nigel Pendse's OLAP Survey 3 quantifies and qualifies what we hear from Applix customers every day," said David Menninger, vice president, worldwide marketing, Applix, Inc. "Companies -- including their financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. , analysts, line-of-business managers and executives -- see TM1 as the best performing analytics tool for strategic business planning and analysis. Its rapid response level means users see fresh data within seconds, enabling them to recalculate re·cal·cu·late tr.v. re·cal·cu·lat·ed, re·cal·cu·lat·ing, re·cal·cu·lates To calculate again, especially in order to eliminate errors or to incorporate additional factors or data. as often as necessary in their planning process." This year's OLAP Survey 3 shows TM1 as the top performer for query and data load/calculation times. 60 percent of respondents reported typical query response times of less than five seconds and 80 percent of less than ten seconds. The product's median load/calculate times, another key aspect of performance, is more than eight times faster than the next fastest product. "The criticality of performance is often overlooked," said Menninger, "but the survey results indicate that performance is one of the key factors that determines a project's success." "The OLAP Survey 3 also found that users of TM1 had the highest rate of business goal achievement and that the product had the best implementation times, with more than 80 percent of its customers implemented within six months," said Menninger. "These findings make sense: the sooner a system is in production, the more rapidly it can produce results." The OLAP Survey 3, the largest and most detailed survey of OLAP products to date, is a quantifiable survey of the $3.5 billion OLAP market. The Survey, conducted by Nigel Pendse and Survey.com, analyzed data from 1047 OLAP sites in 48 countries. No vendors were involved in developing the questions, or in sponsoring the survey, making it the most reliable and unbiased research on the OLAP market. This year's survey asked more than 50 usage and adoption questions concerning 42 different OLAP products. "If OLAP surveys are carried out, they are usually under the umbrella of broader data warehouse and business intelligence surveys. We believe this survey is the only independent research that surveys large numbers of OLAP users in such detail," said Nigel Pendse. "The report is a comprehensive look at OLAP tools, usage, technical issues and overall success rate in customer sites. Applix's TM1 came out particularly strong in this year's survey in key areas that support success in achieving business goals, beyond its often recognized features of ease-of-use and performance." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The OLAP Survey 3, Applix TM1 has: -- The fastest data load/precalculation times and query times -- A remarkably high win rate once it appears on the short list -- The greatest percentage of customers achieving business goals on their projects -- The fastest implementation times -- The lowest percentage of data quality and access problems -- One of the preferred products on which to standardize -- The lowest shelfware rate at nine percent - well below average. About Applix Applix (Nasdaq: APLX) is a global provider of Business Intelligence and 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 1,700 customers worldwide 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 four 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 news release contains 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. that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 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, 2002 under the heading "Risk Factors" and its most recent Quarterly Report on Form 10-Q Form 10-Q See 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. (C)2003 Applix, Inc. All rights reserved. Applix and TM1 are registered trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. |
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