Author: JT Smith
From BusinessWire: Applix, Inc. (NASDAQ:APLX), a global provider of customer analytics
and business planning software, announced today that Parallax Capital Partners, LLC (Parallax), of Irvine, California, has agreed to purchase
substantially all of the assets of VistaSource, Inc., Applix’s wholly-owned subsidiary, for an undisclosed amount of cash. Parallax Capital
Partners intends to retain all of the VistaSource employees and will continue the VistaSource business. The transaction is expected to close by
March 31, 2001. Upon completion of the transaction, Applix will retain a minority equity position in Parallax’s new subsidiary.
and business planning software, announced today that Parallax Capital Partners, LLC (Parallax), of Irvine, California, has agreed to purchase
substantially all of the assets of VistaSource, Inc., Applix’s wholly-owned subsidiary, for an undisclosed amount of cash. Parallax Capital
Partners intends to retain all of the VistaSource employees and will continue the VistaSource business. The transaction is expected to close by
March 31, 2001. Upon completion of the transaction, Applix will retain a minority equity position in Parallax’s new subsidiary.
