WESTBOROUGH, Mass., Feb. 14 /PRNewswire/ -- The TM1 platform from Applix, Inc. , a leading provider of Business Performance Management (BPM) and Business Intelligence (BI) solutions, was chosen by the healthcare corporation Fresenius, a global health care corporation with products and services for dialysis, hospitals and medical care of patients at home as the foundation for its reporting and analytical applications. The decision to use TM1 at Fresenius was based on the platform’s performance and flexibility.
With its connection to the healthcare company’s SAP system, the TM1 solution will be used for reporting and analytical applications, consolidating the data for a single version of the truth. Currently TM1 functions as the front end for the SAP Business Information Warehouse (SAP BW) and will later also work as the interface to the SAP Strategic Enterprise Management (SEM) at Fresenius. The development of TM1’s multidimensional OLAP structure simplifies and standardizes the workflow and at the same time provides greater flexibility with the configuration of TM1 solutions for individual analysis, reporting and planning purposes. Fresenius selected the OLAP solution after the employees from all participating departments in different countries extensively tested the prototype developed by Applix.
Michael Herth, manager of the Competence Center FI/CO at Fresenius Netcare, the IT-provider for the corporation and project leader responsible for the introduction of TM1, said, “It was our goal to find a performance- oriented and flexible BPM/BI-solution that could be customized according to the various requirements of the individual countries as well as the different branches and business units. TM1 for our users means a significant improvement in their analysis tools, and, in addition to optimizing the information platform for strategic decisions, ultimately a reduction in cost and administrative effort for the corporation.”
Hans-Georg Schieb, Managing Director of Applix in Central Europe, explained, “More and more companies are turning to TM1 to enable them to base decisions on the most accurate, up-to-date information available -- with a solution that has a widespread reputation for rapid implementations. As the independent analyst Nigel Pendse concludes in the current OLAP Survey 4, TM1 has the OLAP solution with the fastest implementation times.(1) The ability to rapidly deploy TM1 represents a great advantage for a worldwide roll-out that will enable many employees at Fresenius to rapidly begin their analytics and reporting efforts.”
The first application at Fresenius will go live in the spring of this year. Afterward, applications will be incrementally added as more employees begin working with TM1. Fresenius Netcare, the IT-Provider of the corporation, will manage the implementation.
Applix TM1
Applix’s TM1 is a proven, multi-dimensional business planning, reporting and analytics platform for powering strategic analysis of financial, transactional, operational and other business data. TM1 has scored the highest rating in goal achievement, better decisions, and better reporting for the second year in a row, according to The OLAP Survey 4 (http://www.survey.com/olap) by independent analyst Nigel Pendse and has been named as a leader in the tools category of the BPM Partners’ annual “Beyond the Hype” Webcast and the BPM Buyer’s Guide in Business Finance Magazine (http://www.bpmpartners.com/events_webinars.shtml). Customers using TM1-based applications have won industry awards from leading organizations, including Start Magazine and Business Finance Magazine.
Applix also provides TM1 Planning Manager( to provide workflow and compliance capabilities for all TM1-based applications and TM1 Web(, a Web- enabled front end for global and remote read/write capabilities of BI and BPM applications.
About Fresenius
Fresenius is a global health care corporation with products and services for dialysis, hospitals and medical care of patients at home. The revenue for Q1-Q3 2004 was 5.4 billion Euro. As of September 30, 2004 the Fresenius Corporation has 69,522 employees worldwide.
About Applix
Applix is a global provider of Business Performance Management and Business Intelligence solutions. These solutions, based on Applix’s TM1 analytics platform, enable the continuous planning, management and monitoring of performance across the financial and operational functions within the enterprise. Applix is a founder of the BPM Standards Group (http://www.bpmstandardsgroup.org/), and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace.
More than 1,900 customers worldwide use TM1 for its tight integration with Excel, real-time response, adaptability, and low total cost of ownership. Delivered by Applix and by a global network of partners, TM1-based solutions help customers manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit http://www.applix.com/.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain 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 Annual Report on Form 10-K for the year ended December 31, 2003 under the heading “Risk Factors” and its most recent Quarterly Report on Form 10-Q under the heading “Factors That May Affect Future Results.” 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.
Applix and TM1 are registered trademarks of Applix, Inc. TM1 Planning Manager and TM1 Web are trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners.
(1) Respondents in The OLAP Survey 4 reported that TM1 had the fastest implementation times of all products, with more than 87% of projects live in 6 months, p. 155-156, The OLAP Survey 4. The OLAP Survey 4, the largest and most detailed survey of OLAP products to date, is a quantifiable survey of the $4 billion OLAP market. The Survey, conducted by Nigel Pendse and Survey.com, analyzed data from 971 OLAP sites in 51 countries.
Contact: Charlotte Locke Kelley Kassa Applix, Inc. SparkSource, Inc. 508-475-2441 (781) 274-6061 x206 clocke@applix.comkkassa@sparksource.com
Applix, Inc.
CONTACT: Charlotte Locke of Applix, Inc., +1-508-475-2441,clocke@applix.com; or Kelley Kassa of SparkSource, Inc., +1-781-274-6061ext. 206, kkassa@sparksource.com
Web site: http://www.applix.com/