Percussion Software Spins Off Collaboration Division to Form "Axceler"

Percussion Software announced that it has spun off its collaboration division to create a new company, Axceler, which will be managed as an independent company with its own management team. Michael Alden, who has served as Percussion Software's President, will be President and CEO of Axceler. Barry Reynolds, one of the founders who started Percussion Software in 1994, will continue in his role as CEO of Percussion. Axceler offers a Lotus Notes / Domino administrative product, and a Notes-centric real-time data integration solution, as well as a Notes-based workflow product. The spin-off enables Axceler to continue to expand its mission to develop and deliver productivity tools for the Notes / Domino platform, with particular emphasis on administration, integration, and business process automation. Percussion Software and Axceler will maintain separate but adjacent offices. The company's product line for Lotus Domino includes ServerAdmin Plus, an integrated solution for managing Lotus Domino servers and Lotus Notes clients; Notrix, which simplifies data integration by bringing relational data from other enterprise data sources into mission-critical Lotus Domino applications; PowerFlow, which enables addition of workflow logic to any Lotus Domino application; and Lyrix, which enables rich content to be shared between Lotus Domino and other enterprise applications by converting the rich content elements into standard document formats. http://www.axceler.com, http://www.percussion.com