Parallax Will Acquire Applix Software Unit

Parallax Capital Partners, a private investment firm in Irvine, agreed to acquire the VistaSource software unit of Applix Inc., a Massachusetts provider of planning software for businesses and others for an undisclosed amount of cash. The transaction is expected to close by March 31, Applix said.

Parallax acquires or invests in companies in the software, telecommunications and technology markets, focusing on businesses that generate $5 million to $25 million in revenue.