Like many of its peers, Symix Systems, one of the leading mid-market enterprise applications vendors, has been making a big push into the e-commerce market. A new Symix subsidiary called Frontstep, which was formed in January 2000, has been actively rounding out its e-business product and strategic consulting service offerings through acquisitions, internal development and partner relationships. These products and services are still sold under the Symix brand name, however, at the expense of Symix reporting losses for the last two quarters.
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will also use Frontstep''s CRM software to support its own marketing, sales, and customer service efforts. Frontstep will be working closely with other well-known industry leaders, including Rare Medium, Microsoft and webMethods, to develop critical components of Emerging Vision''s B2B optical portal. However, On July 27, Symix Systems, Inc. announced disappointing financial results for the fourth fiscal quarter ended June 30, 2000. The company reported a net loss of $9.5 million for the quarter, including