Applix Named One of the Fastest Growing Business Analytics Providers by The OLAP Report
23 Abril 2007 - 7:30AM
Business Wire
Applix, Inc. (NasdaqGS: APLX), a leading business analytics
software solutions provider, was recently designated the fastest
growing OLAP (online analytical processing) technology vendor,
aside from Microsoft, by The OLAP Report, an independent research
resource for organizations buying and implementing OLAP
applications. The OLAP Report is an unbiased analysis of the OLAP
market and includes OLAP products and related software and services
expenditure. To properly gauge market share, the report is based on
the total amount spent on solutions directly incorporating OLAP
products, providing a standard market measurement and eliminating
distortions of disparate distribution channels. These shares have
been published continuously since 1995, providing a long-term look
at the market trend. �The OLAP market grew by an unexpected 16.4
percent in 2006, surpassing our expectation of 12 percent,� said
Nigel Pendse, lead author of The OLAP Report and principal of OLAP
Solutions. �Applix continues to produce strong growth, increasing
its OLAP market share for the fifth consecutive year, one of only
two companies to achieve this.� Applix grew significantly greater
than the market average last year, with license revenue increasing
more than 54 percent. The recently released OLAP Report measures
technology vendors that are either OLAP providers or companies with
a large proportion of OLAP revenues. Applix has staked a position
in the top ten OLAP vendor list since 1996 among much larger
companies such as Microsoft, Cognos, Business Objects and Oracle.
The 2006 report shows Applix climbed two places in The OLAP
Report�s league table, the only company to do so this year. �The
OLAP Report market share analysis shows that many of the larger
vendors are experiencing a decline in market share,� said Ben
Plummer, vice president of marketing and strategic alliances at
Applix. �However, Applix grew total revenues by 41 percent last
year, based upon our ability to meet the increased demand for a
complete business analytics solution. With a complete set of
performance applications including budgeting, planning, and
consolidations coupled with the industry�s most versatile in-memory
OLAP solution, we expect to continue our strong growth.� To read
the report, please visit: http://olapreport.com/results.htm. About
Applix Applix (NasdaqGS: APLX) empowers agile enterprises by
offering the only complete Business Analytics software solution.
The Company is focused exclusively on providing a single, cohesive
Performance Management and Business Intelligence solution, with
strategic planning, forecasting, consolidations, reporting and
analytics across financial, operational, sales and marketing, and
human resources departments. The Applix platform, powered by the
renowned TM1 analytics engine, reaches farther, deploys easier, and
reacts faster than any business analytics solution available today.
Applix and its global network of partners help 3,000 customers
worldwide manage their business performance and respond proactively
to the marketplace. Headquartered in Westborough, MA, Applix
maintains offices in North America, Europe and Asia Pacific. For
more information, please visit www.applix.com. About The OLAP
Report The OLAP Report continues to serve IT and finance project
managers from large organizations worldwide with invaluable
assistance and advice on the selection of OLAP (On-Line Analytical
Processing) software. The OLAP Report is entirely independent of
vendor bias, and derives almost all its revenue from subscriptions
to the www.olapreport.com website which features in-depth product
reviews, market analyses and case studies. To subscribe, visit:
http://www.olapreport.com/cam/subscribepr.htm Any statements in
this press release about future expectations, plans and prospects
for Applix, Inc., including any statements containing the words
�believes,� �anticipates,� �plans,� �expects,� and similar
expressions, constitute forward-looking statements. Forward-looking
statements necessarily involve risks and uncertainties, and actual
results could differ materially from those indicated by such
forward-looking statements as a result of various important
factors. 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, 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 most recent Form 10-K or 10-Q under the heading "Risk
Factors"/"Factors That May Affect Future Results." In addition, 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. �2007
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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