Applix iTM1 8.0 Significantly Enhances World's Fastest Business Intelligence Analytical Engine.Business/Technology Editors WESTBOROUGH, Mass.--(BUSINESS WIRE)--June 3, 2002 Performance, Analytical Functionality, Manageability Enhancements Power Business Intelligence On Demand For Global 2000 Customers 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 leading global provider of interactive 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 , analytics and customer relationship management software, today announced the release of Applix iTM1 8.0, the latest upgrade to the world's fastest business intelligence analytical engine A programmable calculator designed by British scientist Charles Babbage. After his Difference Engine failed its test in 1833, Babbage started the design of the Analytical Engine in 1834. . Applix iTM1 powers a suite of 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. , analysis, reporting and performance management solutions used by Global 2000 companies, including half of the Fortune 500 companies. New enhancements to the Applix iTM1 engine significantly improve its performance, analytical functionality and manageability. With the new enhancements, tens of thousands of Applix iTM1 users can analyze large volumes of mission-critical data more quickly and with less system hardware and memory than before. This enables faster trend analysis, what-if analysis and decision making in general, while lowering total cost-of-ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ). "Our latest release of Applix iTM1 demonstrates our commitment to continually improve our award-winning analytical engine," said Applix 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. Alan Goldsworthy. "Applix iTM1 8.0 is fully compatible with our next generation technology platform, Applix Integra, which will augment Applix iTM1's capabilities with Web enablement, business workflow, alerting and enhanced integration with relational databases relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. ." Early adopters of Applix iTM1 8.0 have already noticed dramatic performance improvements. For example, GEICO GEICO Government Employees Insurance Company , the largest direct marketer of auto insurance 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. , which uses Applix iTM1 as a worldwide budgeting system for more than 500 users, installed the new release and instantly realized a 400% improvement in the speed at which they can act on fresh data, using 40% less memory than before. Other important benefits of Applix iTM1 8.0 include new relational drill-through capabilities and dramatically simplified management of distributed enterprises' servers, clients and applications. "We are very excited about iTM1 8.0," said Liz Crider, corporate budget manager at GEICO. "It's faster, more efficient, easier to manage and allows our entire budgeting team to analyze bigger data sets more quickly in a collaborate environment." Applix iTM1 8.0 New Features Applix iTM1 8.0 helps executives at Global 2000 companies improve the performance of their businesses with an unrivaled real-time planning approach that enables interactive insight on demand. Key new features of Applix iTM1 8.0 include: Analytical functionality -- A new administrative control panel with new functions for managing Applix iTM1 servers, clients and chores -- A rules tracer for efficient trouble shooting -- Improved security Performance enhancements -- A new administrative control panel with new functions for managing Applix iTM1 servers, clients and chores -- A rules tracer for efficient trouble shooting -- Improved security Administrative tools -- A new administrative control panel with new functions for managing Applix iTM1 servers, clients and chores -- A rules tracer for efficient trouble shooting -- Improved security Availability Applix iTM1 8.0 is available today. About Applix iTM1 Applix iTM1 is the leading business intelligence analytical engine that powers a suite of planning, reporting and analysis solutions used by Global 2000 enterprises, including 50 percent of the Fortune 500 companies. By transforming Excel spreadsheets and Web clients into powerhouses, Applix iTM1 helps executives throughout the world improve the performance of their businesses with an unrivaled real-time planning approach that enables interactive insight on demand. Applix iTM1 is sold and supported directly and through a global network of partners and value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. . About Applix Applix (NASDAQ:APLX) is a global provider of enterprise-wide interactive planning, analytics and customer relationship management solutions that help customers automate, evaluate and optimize their operational and analytical business processes throughout their extended enterprises. More than 2,600 customers worldwide, including more than half of the Fortune 500, use Applix's adaptable a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt  a·bil , scalable and
real-time solutions to manage their business performance and respond to
the marketplace in real time. These solutions are delivered by Applix
worldwide and a global network of partners. 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 http://www.applix.com.Applix and TM1 are registered trademarks of Applix Inc., and iTM1 is a trademark of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. |
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