Parallax Capital Partners Succesfully Concludes Purchase of VistaSource, Inc. from Applix Inc.; VistaSource To Focus On Tools for Analysis of Real Time Financial Data.Business/Technology Editors WESTBORO, Mass.--(BUSINESS WIRE)--April 2, 2001 VistaSource, Inc., a provider of tools for analyzing and publishing real time data, announced today that Parallax parallax (pâr`əlăks), any alteration in the relative apparent positions of objects produced by a shift in the position of the observer. In astronomy the term is used for several techniques for determining distance. Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Parallax), of Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). has successfully concluded the purchase of VistaSource for an undisclosed amount of cash from Applix, Inc., where it was formerly a wholly-owned subsidiary. VistaSource fits well into Parallax's portfolio of companies. Its Linux-based thin client and application server products complement both ElectroCom's wireless data strategy, and UTS (Universal Timesharing System) Amdahl's version of Unix System V. Release 4.0 is POSIX compliant. Global's System 390 Linux initiative. Additionally, VistaSource will continue to focus on its core strength of providing real-time, web-enabled, customizable data and document integration solutions. This includes aggressive support of the Anyware RealTime product line of tools for optimized data retrieval and analysis. Anyware RealTime, which will be re-launched at the SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor Technology Management Conference and Exhibit in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. this June, helps its users make better informed buying or selling decisions from any desktop, anytime, anyplace an·y·place adv. To, in, or at any place; anywhere. See Usage Note at everyplace. Adv. 1. anyplace - at or in or to any place; "you can find this food anywhere"; (`anyplace' is used informally for `anywhere') anywhere . "From a business stability standpoint, we were impressed with the customer base and reputation of the real-time technology in the financial markets, as well as with the strength of the management and employees," says John Kirsten, acting 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 VistaSource. "Geographically, the significant VistaSource presence in Europe is attractive, and its domestic location gives Parallax a presence in the Boston technology market. Current VistaSource customers can be confident that Parallax has a go-forward plan for the business and plans to strengthen the commitment to its core markets. The clear advantage comes from the opportunities created by being part of Parallax's growing portfolio, where product and market synergies will continue to surface." The purchase transaction closed on March 31, 2001. Applix retains a minority equity position in Parallax's new subsidiary. About Parallax Parallax Capital Partners, LLC (http://www.parallaxcap.com), is a private investment firm dedicated to investing in and acquiring companies in the software, telecommunications, and technology markets. Parallax focuses on companies with between $5 and $25 million of revenue that require capital to either expand their existing business, make strategic acquisitions, or plan for ownership succession. The principals of Parallax, in conjunction with its primary investor, The Argentum Group (http://www.argentumgroup.com), have participated in over 150 growth investments and acquisition transactions during the past ten years. About VistaSource VistaSource, the latest addition to the Parallax Capital Partners, LLC. portfolio of companies, headquartered in Westboro, MA, is a leading provider of real-time, web-enabled, customizable data and document integration solutions. VistaSource was formed in April of 2000 during the first phase of a spin-out process from the former owners, Applix, Inc. This process was initiated to separate the real time and server-centric applications business from the Applix customer relationship management business, forming two separate, independent companies. The purchase of VistaSource by Parallax Capital Partners is the completion of this process. Since its birth in Applix, VistaSource has found much success with its Applixware line of products, which includes a comprehensive suite of office components for non-Windows and thin-client environments, a development environment for the creation of custom applications and an option for the connection to and analysis 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. feeds. The Applixware line has recently re-branded as "Anyware" to highlight the web-enabled capabilities of the family, which enables the creation of and access to documents and solutions from any browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used , anytime. Anyware RealTime, Data, and Spreadsheets are a standard on Wall Street trading floors and used by financial powerhouses across the globe. More information can be found at http://www.vistasource.com/. A demonstration of AnywareOffice is available at http://www.anywareoffice.com. About Applix 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) is a global provider of customer analytics and business planning software that rapidly transforms information into knowledge, enabling companies worldwide to obtain and retain customers through better decision-making. Applix captures information from every corner of a company's extended enterprise, including internal and external customers, financial operations, partners and suppliers. Its flexible, scalable products - designed to adapt to companies' unique and competitive business processes - provide analysis, planning, measurement and response to changing customer requirements and business dynamics, all in real time. Applix is one of the world's only single source providers of CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , customer analytics and business planning, making it a pioneer of Demand Chain Management. Headquartered in Westboro, MA, Applix maintains offices in eight countries and has more than 4,000 customers worldwide. For more information on Applix, please www.applix.com. Notes to Investors This press release contains certain 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. 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. Specifically, comments related to the demand for, revenue from and acceptance of the Company's products and the Company's position in the markets, may be considered forward-looking and subject to a number of risks and uncertainties, including but not limited to: the rate of growth in market demand for the products; the acceptance of the Company's products; intense competitive conditions; rapid technological change; frequent new product introductions and evolving domestic and international standards, which may render existing products and services obsolete. Refer to the Company's 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, 1999 for a list of factors as discussed under "Risk Factors". Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of anticipated or unanticipated events. All trademarks, registered trademarks, and service marks are the property of their respective owners. |
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