Applix to acquire Target Systems.WESTBORO, Mass.--(BUSINESS WIRE)--Oct. 26, 1995--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) announced today that it has signed a definitive agree ment to acquire Target Systems Corporation, a Massachusetts-based developer of support automation software. This represents a cash transaction valued at approximately 6 million dollars and is scheduled to be completed during the fourth quarter of 1995. Target Systems develops and sells support automation applications to a broad spectrum of industries, worldwide. Target Systems based in Marlboro, Mass is a pioneer in the development of support auto- mation software for help desks, customer service and asset tracking applications. The company's product line, Target Enterprise, is available on all Windows based (1) (Windows-based; upper case "W") Refers to Microsoft Windows. (2) (windows-based; lower case "w") Having resizable windows. Same as "graphics based" or "GUI based." Graphical user interfaces are all windows based. Contrast with text based. platforms. Jit Saxena, 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. and President of Applix, Inc., commented, "The appeal of Target's technologies in the areas of problem resolution, problem tracking, problem escalation es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. and research are of strategic importance in all areas of decision support. Also, many of our current customers have asked for these capabilities in our product line for enterprise-wide deployment. We plan to integrate these technologies with our expertise in the areas of real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. access, real-time data analysis and rapid application development and customization and offer the products on a cross platform basis." James Murphy James Murphy may refer to:
tr.v. ded·i·cat·ed, ded·i·cat·ing, ded·i·cates 1. To set apart for a deity or for religious purposes; consecrate. 2. our resources to developing technically superior products." Cowen & Company acted as the exclusive financial advisors to Applix for this transaction. Applix, based in Westboro, MA, develops, markets and supports Applixware, an integrated family of software applications and tools for real-time decision support. Real-time decision support provides the ability to access, analyze and communicate dynamically-changing (real-time) information such as stock market data or information from databases. Applixware provides data access applications that enable users to access information simultaneously from a variety of sources, including live data feeds and relational database management systems See DBMS for a shorter list of “typical”, representative database management systems. Open-source software
All trademarks, registered trademarks and service marks are property of their respective companies CONTACT: Patrick J. Scannell, Jr. Chief Financial Officer Applix, Inc. Vice President, Finance & Administration 508.870-0300 or (editorial) Dave Gayman Manager, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 508.870-0300, ext. 341 dgayman@applix.com |
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