Vector Space Inc.

Vector Space Inc. has been acquired by Application Consulting Group Inc, a New Jersey-based Business Inteligence consulting company.

This acquisition will bring substantial new resources to Vector Space’s activities, enhancing its ability to deliver outstanding Applix TM1(TM) solutions to its customers.

The press release is attached

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Writing about the origins of TM1, I realized that I knew very little about the developments that led up to the invention and introduction of this seminal tool. So I decided to take a detour in this account of the origins of spreadsheet OLAP. I called Manny Perez, who filled in some of the details, as follows:

In the mid-80s, Manny was managing a departmental IT group at Exxon International Company. Oil supply and demand planning were an overwhelmingly manual process, with paper, pencil and calculators. The only computer assistance was a rudimentary mainframe system that helped add up numbers from different offices.

The system was expensive and had few features; it seemed to Manny that it could be improved. With a degree in mathematics, it was clear to him that this was a Read the rest of this entry »

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