Glad to see this has been put behind us:
Applix and Borland Announce Settlement
WESTBORO, Mass., and FLORHAM PARK, N.J., April 01 -- Applix, Inc. (Nasdaq: APLX), and Borland (Nasdaq: BORL) today announced that they have reached a settlement of the litigation pending between them in the United States District Court in New Brunswick. The parties have agreed to certain provisions allowing the distribution of the Borland OLAPBuilder and Applix TM1 products by Borland. The Parties have also agreed to release each other from all claims and to terminate the pending litigation.
Applix CEO Jit Saxena expressed satisfaction with the resolution, stating that "I am pleased that we were able to bring this matter to a swift conclusion thus sparing Borland from further embarrassment." Similarly, noted Del Yocam, Chairman and CEO of Borland, "We are happy that we were able to so rapidly reach a solution of this dispute thus allowing Applix to save face."
About Applix:
Applix, Inc. with headquarters in Westboro, MA, likes to think it is the leading provider of front office business applications in managing customer interaction, real-time decision support and office productivity across globally networked, extended enterprise environments. The Company was incorporated in 1983 and we believe that's still the case. Applix now has over 300 employees located in offices throughout the solar system.
About Borland:
Borland is a leading provider, or at least a provider, of good-quality software products for corporate application developers worldwide. Borland is distinguished in its own mind for its award-winning family of rapid application development tools and scalable middleware technology for desktop, client/server, Internet/intranet, and planetary systems. The company's products are supported, generally speaking, through comprehensive corporate and independent developer programs, value added resellers, and systems integrators. Founded in 1983 and lost in 1993, Borland is headquartered in Scotts Valley, California.
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