MCI Consultants, the leading distributor for Applix's TM1 product in South Africa, today announced the latter was ranked sixth on BusinessWeek's 2007 'Hot Growth' Company list.
Applix was the leading software company with 41% total revenue growth and 54% licence growth in 2006 alone. In additional measurements, the company ranked fifth in both profit growth and return on capital, with three-year average annual performance of 247% and 36%, respectively.
"We are very honoured to be named on this list as a result of our exceptionally strong performance in the highly competitive business analytics market," commented the President and CEO of Applix.
"With the recent release of Applix 9.1, its excellent reception by our customers, and rapid expansion of our partner ecosystem, Applix continues to drive growth and leading-edge innovation across its products, customers, and market. This is a testament to Applix's unique analytics solution, which combines a complete platform with the ease of use and speed to empower decision makers across all departments at agile companies."
Applix provides comprehensive business analytics software to enable decision makers to deploy quicker, react faster and reach farther across their business.
In addition to significant product enhancements released earlier this year, Applix has recently expanded in the Asia-Pacific region and opened an office in Hong Kong. The company also continues to grow its customer and partner base.
To identify 'hot growth' companies, BusinessWeek used the Standard and Poor's Compustat database of 10 000 public companies to identify those with revenues of $50 million to $1.5 billion a year. Businesses are ranked by three-year sales and profit growth as well as return on capital. Companies must have also a market cap of $25 million or more and a stock price of at least $5.
For further information, please contact Aliki Droussiotis, MCI: telephone: (011) 454 3420, fax (011) 454 3417, e-mail aliki@mci.co.za.
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Applix is a global provider of Business Intelligence and Business Performance Management solutions. These solutions enable the continuous management and monitoring of performance across the financial, operational, customer and organisational functions within the enterprise. More than 2 000 customers worldwide use Applix's adaptable, scalable and real-time solutions, delivered by Applix and by a global network of partners, to manage their business performance and respond to the marketplace in real-time. Headquartered in Westborough, Massachusetts, USA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit www.applix.com.
MCI Consultants
MCI Consultants is a South African-based business information systems consulting firm specialising in providing software solutions to the business community, specifically to the financial services and personnel recruitment industries.
It offers a complete solution, which can include project management, consulting services, installation, training and support, packaged software implementations, product development including e-commerce solutions, hardware supply, installation and design services.
Its approach is to continuously provide solutions to meet its clients' changing requirements. It prides itself in delivering excellent customer service and building long-lasting partnerships with its clients.
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