SOURCE: PROPHIX Software Inc.

Prophix Software Inc.

September 29, 2015 14:00 ET

Prophix Partners With TOTVS to Expand Latin America Presence

Corporate Performance Management Pioneer Teams Up With Latin America Leader

MISSISSAUGA, ON--(Marketwired - September 29, 2015) - Prophix Software Inc. today announced a new partnership with TOTVS, the largest integrated management system developer in Latin America. As a result of this partnership, Prophix will instantly reaffirm itself as a leading Corporate Performance Management (CPM) provider in South America. The partnership will give TOTVS customers access to Prophix's CPM software to help them make better business decisions by integrating budgeting and planning data into their Enterprise Resource Planning (ERP) systems.

TOTVS, one of the largest ERP developers in the world, has over 10,000 employees, and provides business management software to 26,000 customers throughout 39 countries.

According to Paul Barber, Prophix's CEO, "TOTVS is an ambitious, growth-focused company that has an impressive track record of helping their customers grow. Because they take a bold approach, TOTVS is committed to using only best-in-class technologies. Those qualities will ensure that this new partnership will be successful for TOTVS, for TOTVS' customers, and for Prophix alike."

"We chose to partner with Prophix because we share a deep-rooted value in seeing customers succeed," says Gilsinei Hansen, Chief Industry Applications Officer at TOTVS. "The partnership with Prophix gives our customers the ability to use financial insights to make better and faster business decisions. In today's competitive environment, that is the key to short- and long-term success."

About TOTVS
TOTVS is a leading provider of business solutions for businesses of all sizes -- while being the acknowledged leader in the small/medium-sized business segment (SMB) because its offerings integrate 'back office' and 'front office' operations. TOTVS provides management software, collaboration and productivity platforms and consulting services. It is one of the largest Enterprise Resource Planning (ERP) developers and the leader in Latin America, with over 50% marketshare in Brazil.

TOTVS operates through branch offices, franchises, and development centers in 39 countries. In Brazil alone, TOTVS has five branch offices, 52 franchises and nine development centers. In the United States and Latin America, TOTVS has three branch offices, 15 franchises, and two development centers (United States and Mexico). TOTVS has been ranked as the 22nd most valuable brand in Brazil, according to BrandAnalytics. Visit www.totvs.com.

About Prophix Software Inc.
Prophix Software automates financial processes such as budgeting, planning, consolidation, and reporting -- improving a company's profitability and minimizing its risks. Thousands of forward-looking organizations in more than 90 countries use software from Prophix to gain increased visibility and insight into their business performance. Visit Prophix.com.

Contact Information