Prophix Software announces South American Expansion

May 9, 2013

Partnership with Extend Software of Brasil marks Prophix’s arrival in South American market

Prophix Software, a leading developer of corporate performance management (CPM) solutions, today announced the formation of Prophix South America through a joint partnership with Xpartner of Brasil, controller of Extend Software, a leading IT integrator and long-time partner.

Prophix CPM solutions automate and simplify the non-transactional processes that drive businesses such as budgeting, forecasting, planning and financial reporting.

The joint venture with Xpartner of Brasil, controller of Extend Software allows for Prophix Software to act as the primary interface with South American customers and the South American market. Extend will be the primary implementation partner for Prophix South America.

The expansion into South America continues a robust period of growth for the Mississauga-based company, following the recent announcements of both Prophix Europe and Prophix UK. It also highlights Prophix’s particular success in South America, where the customer base has nearly doubled since 2010, including 13 new Brasilian customers in 2013.

“Our South American customers are a very important part of our global success,” said Paul Barber, President and CEO, Prophix Software Inc. “We are very pleased to have Extend Software join us in the creation of the new Prophix South America. Together we will ensure our South American customers continue to receive superior customer service and quick access to our product lines.”

“The creation of Prophix South America will solidify Prophix’s presence in the Brasilian and South American market, as a leader in Corporate Performance Management solutions,” said Eduardo Gallindo, Prophix South America’s newly appointed Managing Director and a principal with Extend Software. “Prophix’s solutions have been widely embraced by South American businesses and industries and we’ve enjoyed rapid growth over the last few years. The establishment of Prophix South America really speaks to the company’s commitment to its customer base here. The investment plan in this new operation aims to strengthen the delivery of training and support to existing users today, as well as the creation of a channel program for partners in other states in Brasil and in other countries in South America.”

Extend Software currently serves a range of customers in banking, consumer, pharmaceutical, and healthcare industries including, Banco Rabobank International Brasil S.A; Alpargatas S.A.; Pfizer; Daichi Sankyo; Unimed; and Fleury S.A, among others. The company is a leader in delivering IT solutions to the offices of finance and their expertise and high customer satisfaction rates have received many industry commendations and awards.

Prophix South America will report through Prophix’s new global operations structure, headed by Alok Ajmera, Vice President, International Operations at Prophix. Alok is responsible for managing and growing the company’s UK and European operations and overseeing the development of the company’s international channel.

Prophix currently serves 2158 global customers.

About Extend Software Ltd.
Since 1993, the Extend Group has managed and monitored the business performance of their clients through the development and implementation of Corporate Performance and Business Intelligence solutions. From their offices in São Paulo and Rio de Janerio, Extend has supported a list of clients in Latin America, the United States and Asia.

As a Microsoft Gold Certified Partner and Oracle Approved Education Center, the Extend group also acts as a master distributor from their offices in São Paulo and Rio de Janerio for software partners including, Prophix Software Inc., Saiph Systems and Metawarehouse Inc.

In 2012, the Extend group was ranked amongst the top 250 fastest growing SMB enterprises in Brasil by Deloitte and has been recognized as one of the Top 200 Technology companies in Brasil through the annual ranking issued by Anuário Informatica Hoje.

For more information, please visit: www.extend.com.br.

About Prophix Software Inc. 
Prophix is a leading developer of innovative performance management solutions designed to automate financial and operational processes. Thousands of finance leaders in nearly one hundred countries use Prophix to empower their organizations and gain valuable insight into business performance. Prophix and its partners deliver superior value by combining high-end functionality with low cost-of-ownership and fast implementations. For more information, visit www.prophix.com.

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