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Aug 2, 99 Onyx Software Attracts Key Software Industry Veterans to its Board Executives from Cadence Design Systems and FileNet Bring Broad Business Experience and Depth to Board of Directors Bellevue, WA - Onyx Software® Corporation (NASDAQ: ONXS) today announced that Lee D. Roberts, FileNET's (NASDAQ: FILE) President and chief executive officer, and H. Raymond Bingham, Cadence Design Systems' (NYSE: CDN) president and chief executive officer, have joined the company's board of directors. Roberts and Bingham join a distinguished Onyx Software board that includes Daniel R. Santell of QStrategies, William B. Elmore of Foundation Capital Management, LLC, Jay C. Hoag of Technology Crossover Management II, LLC and Paul G. Koontz, of Foundation Capital. "Ray and Lee are veteran software industry executives who will further broaden Onyx Software's sales, marketing, financial and general management expertise," said Onyx Software President & CEO Brent Frei. " Both of them have vast leadership experience and knowledge of the high technology industry and their backgrounds and experience will play an important role in directing our e-Business strategies." Lee Roberts, 46, is president and chief executive officer of FileNET, a world leader in integrated document management (IDM) software with 1998 revenues of $310 million. Roberts joined FileNET in May 1997 as president and chief operating officer after 20 years at IBM in a variety of sales, marketing, product and general management roles. At FileNET, Roberts has demonstrated strong leadership and drive, while delivering impressive results for customers, employees, partners and stockholders. In his first year at the company, he undertook a number of notable initiatives aimed at leveraging FileNET's extensive customer base, global marketing presence, and vast research and development resources. Among his innovations was the globalization of FileNET's sales, marketing and support operations to build on its presence in more than 60 countries and an increased focus on growing international revenues, enhancing the company's position as the world's largest IDM software vendor. Through his leadership, he has increased FileNET's marketing profile to deliver new product and brand identity, and helped distinguish FileNET as a market innovator. H. Raymond Bingham is president and chief executive officer of Cadence Design Systems, the largest supplier of software products, methodology services, and design services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. Before becoming CEO, Bingham served as the company's executive vice president and chief financial officer from 1993 until April of 1999. Bingham was elected to the Cadence board of directors in 1998. During his tenure at Cadence, Bingham has established an organizational structure that underscores the Company's commitment to delivering the broadest portfolio of design productivity products and world-class design realization services. Prior to his experience at Cadence, Bingham was the chief financial officer and executive vice president of Red Lion Hotels and Inns. Bingham served as executive vice president and CFO of Red Lion for eight years and was responsible for company business development. Bingham also serves on the board of directors of Integrated Measurement Systems, Inc., Legato Systems, Inc. and Sunstone Hotel Investors, Inc. About Onyx Software Onyx Software Corporation (NASDAQ: ONXS) is a leading provider of Web-based Customer Relationship Management (CRM) systems. The company's innovative e-Business software combines comprehensive CRM functionality, third party applications and Internet content into personalized digital workplaces for marketing, sales and service employees, business partners and customers. The company's systems are scalable, flexible, reliable and deploy quickly resulting in a rapid return on investment and industry leading customer satisfaction. Onyx Software operates worldwide, supporting large, medium and small companies such as American Express, Cognos, Credit Suisse, FirstWorld Communications, Giga Information Group, Interactive Intelligence, NTL Internet, Plumtree, Portland Trailblazers, Prudential, Sharp Electronics, Sierra Health Services, Singapore Press Holdings and US Bancorp Piper Jaffray. For more information call 1-888-275-6699, visit the Onyx Website at www.onyx.com or email info@onyx.com.
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