Applix

Applix Inc. was a software company founded in 1983 and based in Westborough, Massachusetts. The company specialized in Business Performance Management (BPM) and Business Intelligence (BI) solutions. Its core product was the Applix TM1, a multi-dimensional online analytical processing (MOLAP) database server used for enterprise planning, budgeting, forecasting, and analysis.

The Applix Business Analytics Platform consisted of three main components: Applix TM1, Applix Web, and Applix Executive Viewer. This suite enabled organizations to measure, monitor, and optimize financial and operational performance. The TM1 platform was known for its real-time analytics, Excel integration, and adaptability, serving over 3,000 customers in more than 50 countries across various industries, including financial services, healthcare, and retail.

In a significant development, Applix Inc. was acquired by Cognos on October 25, 2007, for $339 million. Subsequently, IBM acquired Cognos on January 31, 2008. Following the acquisitions, Applix's products were rebranded under the Cognos name, and TM1 is now marketed as IBM Cognos TM1.

Keywords: business intelligence, business performance management, financial planning, data analysis, OLAP, enterprise software, financial consolidation, budgeting, forecasting, reporting, analytics, multidimensional database, Applix TM1, Cognos, IBM