Applix and Sybase Get Bullish on Risk Analytics Offering
21 August 2006 - 11:35PM
PR Newswire (US)
Leading Real-Time Analytics Platform with Unique Self-Service
Modeling and Reporting Extends Sybase's Wall Street Data Management
Dominance WESTBOROUGH, Mass., Aug. 21 /PRNewswire-FirstCall/ --
Applix, Inc. (NASDAQ:APLX), a global leader in performance
management applications, today announced that it has signed a
sub-licensing partnership agreement with Sybase, Inc., under which
Applix's TM1(R) will be offered by Sybase with Sybase's Risk
Analytics Platform. This partnership will pair the 64-bit version
of TM1 with the Sybase(R) Risk Analytics Platform to provide
enhanced real-time trade and risk analytics capabilities for
advanced securities trading and risk management solutions. The
staggering growth of data generated in financial markets, the
acceleration of data flow and advances in quantitative model-driven
trading have stressed the analytical infrastructure in capital
markets institutions. Cross-asset trading, complex hedging
techniques and the need for extending risk controls into every
phase of the trade life cycle have created demand for real-time
analytics against both live data and deep historical data sets.
Regulations such as Regulation NMS (National Market System) and
MiFID (Markets in Financial Instruments Directive) have led to
requirements for real-time reporting for management oversight as
well as generation of audit trails throughout the trade processes.
"Sybase is committed to meeting growing demand for financial
applications that achieve even greater levels of real-time
analysis," said Raj Nathan, senior vice president, Information
Technology Solutions Group, Sybase. "This partnership with Applix
enables us to take advantage of the unparalleled speed of TM1 on
the 64-bit platform combined with our high-performance Risk
Analytics Platform to provide our customers with the solutions
needed to manage high volumes of data." "Sybase has established
impressive leadership in providing an analytics platform for risk
management in the capital markets industry," said David Mahoney,
president and CEO, Applix, Inc. "TM1's patented in-memory database
and rules engine establish data relationships and calculate volumes
of data faster than any solution in the industry, even when
subjected to the volatility of constant data changes, making it the
perfect solution for Sybase as it further scales its performance
advantage." The leading-edge combination of TM1 and its
self-service ad hoc analytics and modeling features with Sybase
Risk Analytics Platform will support real-time trading and
portfolio decisions by analyzing vast amounts of data from
financial markets and enable development and execution of
sophisticated trading strategies as well as implementation of risk
controls and management reporting in an increasingly dynamic and
global trading environment. Sybase Risk Analytics Platform is a
unique consolidated risk and trading data repository designed to
manage high volumes of real-time data feeds as well as massive
historical and capital market data sets. TM1, with its
industry-leading in-memory modeling and reporting capability,
enables users to quickly view and understand market trends
reflected in large sets of complex trade data and use
scenario-based modeling to improve the returns on their securities
trading operations. About Sybase, Inc. Sybase, Inc. (NYSE:SY) is
the largest global enterprise software company exclusively focused
on managing information from the data center to the point of
action. Sybase provides open, cross-platform solutions that
securely deliver information any time, anywhere, enabling customers
to create an information edge. The world's most critical data in
commerce, communications, finance, government and healthcare runs
on Sybase. For more information, visit the Sybase Web site at
http://www.sybase.com/. Applix TM1 Applix's TM1 is a complete
performance management application, delivering strategic business
planning, budgeting, reporting and analytics for powering analysis
of financial, operational, sales, employee and other business data.
Applix customers worldwide use TM1 real-time response,
adaptability, easy-to-use interfaces, and low total cost of
ownership, and a majority realize a 100 percent return on their
Applix investments within the first six months of deployment. The
annual BPM Partners "Beyond the Hype" Webcast
(http://www.bpmpartners.com/events_webinars.shtml) for 2006
recognized that Applix TM1 customers had the highest level of
satisfaction of any of the leading BPM solutions, suites, tools and
vendors. The OLAP Survey 5 (http://www.survey.com/olap) gave TM1
the highest marks for speed of query, deployment, and data load and
pre-calculation, as well as the highest ranking for overall
business benefits achieved and the lowest number of technical
problems. About Applix Applix (NASDAQ:APLX) is a global leader in
performance management applications that enable continuous
strategic planning, management and monitoring of performance across
the financial, operational, sales and marketing, and human
resources 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. Applix and its
global network of partners help nearly 3,000 customers worldwide
manage their business performance and respond to the marketplace in
real time. In mid-2006, Applix acquired Temtec International B.V.
to further extend performance management solutions across the
enterprise. Headquartered in Westborough, MA, Applix maintains
offices in North America, Europe and the Pacific Rim. For more
information about Applix, please visit http://www.applix.com/. Any
statements in this press release about future financial performance
and future expectations, plans and prospects for the Company,
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, our ability
to successfully integrate this merger and other risks,
uncertainties and factors including those described in the
Company's most recent Form 10-Q under the heading "Risk Factors."
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. Applix
and TM1 are registered trademarks of Applix, Inc. All other
trademarks and company names mentioned are the property of their
respective owners. Charlotte Locke Joe Gavaghan Applix Davies
Murphy Group, Inc. (508) 475-2441 (781) 418-2409
http://www.daviesmurphy.com/ DATASOURCE: Applix, Inc. CONTACT:
Charlotte Locke of Applix, +1-508-475-2441, ; or Joe Gavaghan of
Davies Murphy Group, Inc. for Applix, +1-781-418-2409, Web site:
http://www.applix.com/ http://www.sybase.com/
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