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.
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