WESTBOROUGH, Mass., and ASHLAND, Ore., Nov. 29 /PRNewswire-FirstCall/ -- Applix, Inc. , a global provider of TM1, a single platform for Business Performance Management (BPM) and Business Intelligence (BI) solutions, and Plexis Healthcare Systems, Inc. today announced a strategic partnership to provide healthcare organizations with a new streamlined benefits administration solution and advanced analytic reporting functionality. Plexis will offer Applix TM1(1) integrated with its industry- leading analytics and reporting capabilities to new and current Plexis customers.
(Photo: http://www.newscom.com/cgi-bin/prnh/20051129/NETU036 )
Applix and Plexis have developed a new reporting “dashboard” that allows users to perform claims analysis, predictive analysis, and review details of claims by status. The Applix TM1 solution is integrated tightly with Microsoft Excel to provide an Excel front end with true analytic capabilities and the power of real-time OLAP features.
“Applix believes right-time reporting for healthcare entities means that decision-makers across the enterprise -- including senior executives, planners, and operations managers -- should be able to simultaneously read and revise information as the need arises. TM1, with its high performance analytics capabilities for complex business models, provides customers with that critical, right-time reporting,” said Terry Kerans, director, partner channels, Applix. “The combination of an integrated solution from Plexis and Applix opens up a range of opportunities for Plexis’ customers to improve their operational effectiveness.”
“Plexis Healthcare Systems’ strategic alliance with Applix has resulted in a powerful new offering for healthcare organizations,” said Plexis CEO Jorge Yant. “Applix’s TM1 provides advanced reporting capabilities that will help our U.S. and international clients identify opportunities for growth and cost- reduction.”
About Plexis Healthcare Systems, Inc.
Plexis Healthcare Systems was founded in 1996 by IT consultants who recognized the difference a truly flexible, cost-reducing solution could make for the industry. By partnering with clients, Plexis developed products to solve real-world needs and help them work smarter. Over time, Plexis software and services have grown and developed from our extensive engagements with clients. Today, almost 75% of company resources go to strategic development. Plexis Healthcare Systems has grown 98% in 2002 and 160% in 2003. In 2004, Plexis was named one of the fastest growing technology companies in Oregon. Today, Plexis serves healthcare organizations across the United States as well as international clients. For more information about Plexis, please visit http://www.plexisweb.com.
About Applix
Applix, Inc. 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 2,000 customers worldwide use TM1 for 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.
Applix Safe Harbor
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, 2004 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.
(1) TM1 received the best ratings for faster or more accurate reporting, according to The OLAP Survey 4, p.76, (http://www.survey.com/olap) by independent analyst Nigel Pendse.
Applix, Inc. All rights reserved. Applix and TM1 are registered trademarks of Applix, Inc.
Contact: JT Gillett Charlotte Locke Plexis Healthcare Systems Applix, Inc. 541-494-2583 508-475-2441 jgillett@plexisweb.comclocke@applix.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051129/NETU036AP Archive: http://photoarchive.ap.orgPRN Photo Desk, photodesk@prnewswire.comApplix, Inc.
CONTACT: JT Gillett of Plexis Healthcare Systems, +1-541-494-2583,jgillett@plexisweb.com; or Charlotte Locke of Applix, Inc.,+1-508-475-2441, clocke@applix.com
