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BW: Applix Acquires Cosource.com

Dec 13, 1999, 13:42 (2 Talkback[s])

"Applix, Inc....,today announced the acquisition of Cosource.com, a leading auction site for open source and Linux software enhancements. Terms of the acquisition were not disclosed. In conjunction with the acquisition, Mr. Bernie Thompson, Founder and CEO of Cosource.com, has been appointed President of Applix's Linux Division. Mr. Thompson will assume responsibility for all of the Linux Division's operations. The acquisition of Cosource.com and its integration with the Linux Division's Smartbeak.com web site provide the essential components of a fully enabled e-commerce solution, which will facilitate open source development and support on a global basis. Further, the acquisition positions the Linux Division to enhance its strategy by not only providing leading-edge applications, such as Applixware Office, WebInsight and Applix Anyware, but by enabling the cost-effective development of open source applications and services over the Internet. These initiatives will enable the Linux Division to continue to expand its revenue base through active partnering with Linux operating system vendors, web portals and Application Service Providers.

"The acquisition of Cosource strengthens the overall strategy of the Linux Division to focus on the emerging market opportunities created by the convergence of open source, Linux, and the Internet", said Jit Saxena, Chairman and CEO of Applix. Mr. Saxena added, "This market opportunity is best served by companies that offer the right balance of leading edge technology and innovative Internet services. Further, the acquisition better positions the Linux Division to execute a possible spinout strategy in the future."

"Bernie Thompson, Founder & CEO of Cosource.com commented, "Because software technology is increasingly critical to the customer's infrastructure, there is growing demand for open source and open dialog between customer and supplier. Together with our partners and affiliates, Cosource.com and SmartBeak.com are key components of a service network that brokers development and support of products, builds on-line communities around them, and increases control and choice for customers. The result is increased value and market share for the products and services served by these systems." Prior to founding Cosource.com, Mr. Thompson represented the business and technical interests of S3, Inc. at Microsoft, and earlier worked at IBM on the development of the OS/2 operating system. His involvement with Linux dates back to 1993. Mr. Thompson added, "With solid financials, strong underlying technology, and established position in the Linux and web-hosted application markets, Applix is uniquely positioned to capitalize on the market changes driving the software industry today."

Press Release