Prophix Software Grows European Presence

Prophix Europe brings front line support to European customers

Prophix Software, a leading developer of corporate performance management software, today announced that it will be enhancing its presence in Europe with the opening of Prophix Europe, based in Copenhagen, Denmark. This new office will complement Prophix’s existing successful European partner program and be bringing a new level of support and expertise to the company’s over 250 European customers.

Prophix provides its customers with corporate performance management (CPM) solutions that automate and simplify the non-transactional processes that drive businesses such as budgeting, forecasting, planning and financial reporting. Together with the existing European network of reseller partners, the establishment of Prophix Europe will now enhance the company’s European reseller strategy with a front line presence to further drive its aggressive growth strategy in this very important market. European customers will now be able to work directly with Prophix and its reseller partners on all support and implementations. Prophix Europe will also be managing all certifications and training for this market out of the Copenhagen office.

“Prophix Europe is a strategic move for us as we look to enhance our European footprint,” said Paul Barber, President and CEO, Prophix Software Inc. “Our customers are our number one priority and an important part of our product and business development. Growing our team in the European market is essential as we look to enhance our customers’ experiences.”

“As a long-time Prophix customer, we are excited about the company’s expansion in Europe,” said Carsten Høxbro Mørk, Director – Strategic IT Projects, Terma A/S. “While we have always had direct access to the company’s resources, Prophix Europe will provide us with a new line of support and improved services.”

Leading this new organization will be Jens Bille, who has been managing one of Prophix’s most successful partner organizations, and as such brings knowledge of both the European market and Prophix to this important new endeavour. “I am excited about joining the Prophix team and being an integral part of moving Prophix operations in Europe to a whole new level,” said Jens Bille, Managing Director, Prophix Europe.

The establishment of Prophix Europe will not eliminate the company’s reseller model; instead the network will be enhanced with more direct support as well as a stronger distribution model. The company will continue to support its reseller partners as well as work with customers directly. Prophix has seen tremendous success with this model in Scandinavia and the UK with Prophix UK and is eager to continue to enhance its customers’ experiences across continental Europe.

The Prophix CPM solutions are designed with the customer in mind – both end-users in the finance as well as IT departments. The solutions are easy to use and are tailored to meet each company’s unique needs. Customer feedback and collaboration is also an integrate part of evolving the Prophix product.

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 .

Contact:

Prophix Software Inc.
Kirsten Meredith
Manager, Marketing Communications
905-279-8711 ext.310
kmeredith@prophix.com