Parallax

Applix Announces Agreement for the Sale of VistaSource

Parallax Capital Partners to Purchase VistaSource Assets for Cash

Westboro, MA, March 15, 2001- 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.

Alan Goldsworthy, President and CEO of Applix said, "We believe that VistaSource's technology and the market opportunity for real-time data gateways and thin client office productivity applications has excellent potential. For nearly twenty years Applix has been known for developing great technologies. Through this divestiture we can focus on our primary strategy of providing a world class customer analytics and business planning software solution." He went on to say, "We are pleased to have completed a transaction with a strategic buyer who will commit the necessary resources to maximize the value of VistaSource's technology, customers, partners, and employees."

"VistaSource is a great strategic fit with our portfolio of companies," said James Hale, Managing Partner, Parallax Capital Partners. "We believe that there are many opportunities for VistaSource to exploit in the Unix/Linux environment for real-time data gateways, and thin client platforms, and wireless applications. We are excited to build upon VistaSource's competencies in developing and marketing leading technology solutions that are customizable, web-enabled, and real-time capable. We will continue to offer the highest level of consulting, education and support services to our existing and to our future clients."

About Applix:
Applix, Inc. (NASDAQ:APLX) is a global provider of customer analytics and business planning software that rapidly transforms information into knowledge, enabling companies worldwide to obtain and retain customers through better decision-making. Applix captures information from every corner of a company's extended enterprise, including internal and external customers, financial operations, partners and suppliers. Its flexible, scalable products - designed to adapt to companies' unique and competitive business processes - provide analysis, planning, measurement and response to changing customer requirements and business dynamics, all in real time. Applix is one of the world's only single source providers of CRM, customer analytics and business planning, making it a pioneer of Demand Chain Management. Headquartered in Westboro, MA, Applix maintains offices in eight countries and has more than 4,000 customers worldwide. For more information on Applix, please visit www.applix.com.

About Parallax:
Parallax Capital Partners, LLC (http://www.parallaxcap.com), is a private investment firm dedicated to investing in and acquiring companies in the software, telecommunications, and technology markets. Parallax focuses on companies with between $5 and $25 million of revenue that require capital to either expand their existing business, make strategic acquisitions, or plan for ownership succession. The principals of Parallax, in conjunction with its primary investor, The Argentum Group (http://www.argentumgroup.com), have participated in over 150 growth investments and acquisition transactions during the past ten years.

Notes to Investors:
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially. Specifically, comments related to the demand for, revenue from and acceptance of the Company's products and the Company's position in the markets, may be considered forward-looking and subject to a number of risks and uncertainties, including but not limited to: the rate of growth in market demand for the products; the acceptance of the Company's products; intense competitive conditions; rapid technological change; frequent new product introductions and evolving domestic and international standards, which may render existing products and services obsolete. Refer to the Company's most recently filed Quarterly Report on Form 10-Q for a list of factors as discussed under "Factors Affecting Future Operating Results". Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision that may be made to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

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