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PROPHIX Software and Ksema Company Bring Corporate Performance Management to Russian Market

Toronto, ON (PRWEB) November 12, 2008 - PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, and Ksema Company, a developer and supplier of solutions for intelligent data analysis, modeling and forecasting, today announced a strategic partnership that will bring PROPHIX to the Russian market.

"PROPHIX is a natural extension of our solution offerings. Companies in Russia will now have access to an integrated performance management application with best-in-class functionality. Our customers will benefit from localized support for budgeting, planning, forecasting, reporting, consolidations, and personnel planning capabilities," said Roman Sarachev of Ksema Company.

Ksema Company is a member of Tern Group, a leading provider of integrated business intelligence solutions and services in Central and East Europe, Russia and other CIS countries. The company focuses on Query and Reporting, OLAP, data warehousing and data mining technologies.

"We are excited to be working with Ksema Company and we think this relationship represents a great opportunity to grow our business," said Paul Barber, president of PROPHIX Software. "We are looking forward to expanding our customer base in Russia. The economy is booming and demand is increasing for solutions that manage corporate performance."

PROPHIX Partnership Programs offer a unique opportunity for partners that share a commitment to delivering financial solutions and offering value to companies worldwide. PROPHIX is always interested in making new partnerships with leading companies around the world in order to reach companies who can benefit from its products and services. Those interested in partnership opportunities with PROPHIX Software should visit http://www.prophix.com/partners/.

About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. For more information, visit www.prophix.com.

About Ksema Company
Ksema Company, based in Moscow, Russia, specializes in modeling and prediction analysis solutions as well as solutions for automated budgeting processes. Ksema Company is a member of Tern Group. For more information, visit www.ksema.ru.

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