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Prophix Software Announces South American Expansion



  Prophix Software Announces South American Expansion

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

Business Wire

MISSISSAUGA, Ontario -- May 9, 2013

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.

Contact:

High Road Communications
John Clute, 416-644-2267
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