Quebit Acquires Applied Analytix to Expand Its Geographical Reach

By CIOReview | Tuesday, January 12, 2016
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BELMONT, CA: QueBIT, a provider of analytics, strategy and implementation solutions is also an IBM Premier Partner. Recently, the company has signed a letter to acquire Applied Analytix which offers software and consulting services. The target behind the acquisition is to expand the geographical reach of QueBIT, while enhancing its product offerings and analytics expertise.

The services of QueBIT benefits financial, sales, marketing and operations department. Applied Analytix provides IBM Congos TM1, the excel-centric multi-dimensional database for solving business problems, and the foundational technology for IBM Business Analytics software suite. TM1 offers services in budgeting, planning, forecasting and financial reporting. Additionally, the firm caters solutions to manage heavy spreadsheet use in the finance department and also the services regarding Corporate Performance Management (CPM).

 According to Gary Quirke, CEO at QueBIT, the recent acquisition provides numerous strategic benefits for their company and it will expand QueBIT’s portfolio of analytics services and solutions. Also, the Applied Analytix team will move forward with QueBIT where the staff’s from Analytix will be provided with significant roles in QueBIT.

“This strategic combination represents a unique opportunity for Applied Analytix to deliver more value to our customers, while providing much greater opportunities for growth and advancement under QueBIT’s leadership”, says Dan Mannisto, CEO, Applied Analytix.