Applix, Inc., a global leader in performance management applications, announced that it has acquired Temtec International B.V., a privately held Netherlands company that is a leading provider of self-service analytic software that empowers non-technical business users to analyze and report on business-critical information in real time. The total purchase price for the acquisition is $14.5 million, consisting of $12.0 million in cash and $2.5 million in Applix common stock.
The acquisition of Temtec enables Applix to provide companies with a more powerful solution set for creating, managing and delivering compelling operational performance management applications throughout the enterprise. Temtec Executive Viewer is an intuitive, self-service solution that makes sophisticated analysis and reporting dramatically easier and more broadly available. Executive Viewer also integrates with popular backend solutions - including Hyperion Essbase, Microsoft Analysis Services and SAP - enabling Applix to offer businesses a single interface to performance management applications that is visually interactive and simple for users to learn and use. Together, Executive Viewer and Applix TM1's patented technology allow for real time, in memory manipulation of massive, volatile data sets using low cost hardware, enabling affordable, widespread deployment of highly sophisticated analytic applications throughout all areas of operations.
"Customers are calling for unified performance management solutions that can be easily and broadly deployed - not just in finance but throughout operations. This acquisition demonstrates our commitment to respond to this market demand and to bring more complete operational performance management solutions to the enterprise," said David Mahoney, president and CEO, Applix, Inc. "We expect that this acquisition will immediately benefit our combined customers, which now number almost 2,800, by allowing them to accelerate the deployment and operational effectiveness of their performance management investments."
"Temtec pioneered self-service analytics, building a large, satisfied customer base while receiving important industry recognition in the process," said Alan Parker, managing director, Temtec. "Because Applix shares our strong company values, including a commitment to technical excellence and a real passion for customer success, our customers, partners and employees will benefit greatly from the complementary technology and world class support offered by Applix."
Over the past 13 years, Executive Viewer has been broadly deployed as a self-service analytic solution to access data stored in Applix TM1, Hyperion Essbase, Microsoft Analysis Services and SAP Business Warehouse. These Executive Viewer solutions have been successfully adopted throughout the finance and operations areas of hundreds of global organizations, including Hewlett-Packard, EMC, Hoffman LaRoche and BMW. A key to this success is Executive Viewer's ability to leverage existing data and existing software investments to integrate disparate functions into a common platform with an intuitive user interface. This acquisition allows Applix to build upon this unifying multi-platform approach to the market and to increase the level of investment in support for backend platforms critical to an enterprise-wide performance management strategy.
"Performance management, in its truest form, is about tying execution to strategy," said Craig Schiff, president and CEO, BPM Partners. "In a more detailed view, it is pulling together all of the company's data and determining how it performed on its strategic goals. As companies strive to achieve this vision of performance management across the enterprise, they must look to complement spreadsheet-based applications with comprehensive performance management suites that offer a variety of user interface options and back end interoperability."
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