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PRESS RELEASES | ![]() |
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Dec. 28, 2005
Onyx Responds to CDC Statement Over the past year Onyx has been successfully executing a clear growth strategy, as evidenced by strong double digit growth in license revenue through the first three quarters of 2005, significant improvements in operating results, recent "Buy" ratings announced by both Zacks Investment Research and Roth Capital, and the addition of many new brand name customers. In this context, it is not surprising that CDC expressed an interest in Onyx. Regarding the unsolicited proposal from CDC, Onyx shall consider this proposal as it would any opportunity that may present itself. Onyx received CDC's unsolicited proposal on Dec. 6, 2005 and a meeting had been scheduled to discuss this proposal. Onyx remains committed to gathering all information necessary in order for Onyx's Board to determine the best interests of Onyx shareholders. As announced in its third quarter 2005 earnings call, Onyx continues to explore options that include organic growth, partner expansion and acquisitions of other companies that deliver real value to our customers and maximize shareholder value. Onyx management and Board of Directors remain firmly committed to executing the growth strategy we have communicated to our customers, partners, shareholders, and employees. About Onyx SoftwareOnyx Software Corporation (NASDAQ: ONXS) is a worldwide leader in customer process software and solutions for the enterprise. Onyx provides flexible solutions that enable organizations to automate, manage, and evolve their customer processes quickly and cost-effectively for strategic advantage. By providing an integrated suite of customer process automation applications encompassing customer management, process management, and analytics capabilities, Onyx enables enterprises to reduce costs, increase productivity and grow revenue. Major companies are aligning their customer-facing departments and managing their customer processes with Onyx software - companies such as Amway Corporation, Delta Dental, Mellon Financial Corporation, The Regence Group and State Street Corporation. More information can be found at (888) ASK-ONYX or info@onyx.com Forward-Looking Statement
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