“Loss-making Applix is to spin off its ApplixWare operation into
a separate company to be called VistaSource. And it’s opening – to
a degree – the source code for its Linux-based office productivity
software into the bargain.”
“Applix’s scheme here is to allow it to focus on its core
e-business planning, customer management and help-desk
applications. ApplixWare was always something of a minor
adjunct to this much larger-scale operation, and spinning it off,
along with a new name, should help it tackle the office suite
market more effectively than it can as the bland Applix Linux
Division.”
“According to VistaSource president Bernie Thompson, cited by
CNet, Applix will pump $6 million into the spin-off, which will
then have to go off and seek further finance itself. Thompson said
it would IPO late 2000/early 2001.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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