Applix and Educom Business Solutions Announce Joint Sales Agreement.WESTBORO, Mass.--(BUSINESS WIRE)--Dec. 10, 1998--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), the leader in real-time 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. (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. ) applications and the first to market an OLE DB (OLE DataBase) A programming interface for data access from Microsoft. It is a COM object that functions in a similar manner to ODBC, but for every type of data source, not just SQL databases. for OLAP compliant engine, and Educom Business Solutions, a leading software training and consulting organization, today announced the immediate sale of Educom's TM1 OLAP software sales business to Applix, Inc. With this agreement, Applix and its designated resellers will provide direct TM1 product fulfillment to Educom's worldwide customer base, including such multinational companies as AT&T, Ernst & Young, Exxon, PricewaterhouseCoopers, Phillip-Morris, United Nations, Bristol-Meyers Squibb, Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. , Ericsson, and Lego. This sale will provide customers with a direct link to Applix TM1, responsible for many key international customer accounts, while maintaining the service relationship they enjoy with Educom Business Solutions. Educom Business Solutions will continue its role as consultant and integration provider for its TM1 customer base. About Educom Business Solutions Educom Business Solutions is leading provider of software consultation, integration and training worldwide. A multi-million dollar international solutions organization, Educom has offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and throughout Australia as well as in Canada, Denmark, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore and the United Kingdom. More information can be found at www.educom.com.au About TM1: Pioneering RAM-Based OLAP for Enterprise-wide Analysis Since 1984, TM1 has advanced the art of RAM-based OLAP for real-time analytical processing, targeting the financial OLAP class of applications. Applix TM1 has patented technology that makes real-time OLAP feasible, including calculation in memory, cell-based multidimensional rules, and security. With the introduction of two-way replication, TM1 is the only OLAP environment designed for real-time, collaborative financial applications for workgroups and the enterprise. Applix TM1 is also the first OLAP engine to implement Microsoft's OLE DB for OLAP standard, allowing its powerful OLAP engine to work with a multitude of front-end clients for reporting and web browsing. More than 3,000 companies worldwide benefit from TM1's real-time analytical processing. Without waiting, Applix TM1 delivers results to the hardest questions, and gives users control over vast amounts of rapidly changing data. About Applix, Inc. Applix, Inc., (NASDAQ:APLX) headquartered in Westboro, MA, is a leading provider of Internet front-office business applications for the enterprise, that allow organizations to better access, analyze, and act on customer and market information. Applix Enterprise is an Internet-centric customer relationship management solution which received the Editor's Choice Award from Call Center Solutions Magazine in 1998; Applix TM1 is a online analytical processing solution for decision support and real-time business analysis; and Applix office solutions include Applix Office for UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R), Linux(R) and Windows NT, and Anyware Office for Java-based desktops. With thousands of customers around the world - including such companies as Blockbuster Video, MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. , Motorola, Sun Microsystems, Hewlett-Packard, AT&T, Sony, Harrah's, New Holland N.A., Kaiser Permanente, SmithKline Beecham, Bristol-Myers Squibb, British Airways, Reuters, VISA International, Deutsche Bank, Siemens, Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Credit Suisse, Daimler Benz, Singapore Telecom, U.S. Army, and the U.S. Department of Energy - Applix leads the way in delivering Internet-centric enterprise applications for today's globally distributed companies. More information can be found at www.applix.com. All trademarks, registered trademarks, and service marks are property of their respective owners. |
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