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Global Partnership Expands Existing Successes in Customer Relationship Management Bellevue, WA - April 26, 2006 - Onyx® Software Corporation (NASDAQ: ONXS), a worldwide leader in customer management solutions for the enterprise, today announced a strategic alliance with Cognizant, a leading provider of business process outsourcing and IT services, in which Cognizant will provide consulting services for Onyx implementations in rapidly growing vertical markets worldwide, including financial services and healthcare.
Cognizant helps large enterprises to manage increasingly complex business processes, improve operational efficiencies, and achieve compliance with regulatory changes. It also assists customers with IT-based initiatives such as self-service portals, consumer-driven healthcare, behavioral health, data warehousing and business intelligence.
"As a leader in CRM, Onyx recognizes the critical importance of consulting services in the successful implementation of effective customer relationships," said Peter Grambs, Vice President of Customer Solutions Practice for Cognizant. "Our expertise in key vertical markets combined with Onyx' strengths and focus on customer-centric data and actionable analytics provide our customers with the ability to make their CRM processes a powerful differentiator and a strong competitive advantage. Both Onyx and Cognizant have excellent levels of customer satisfaction, further complementing our combined approach to service delivery."
"Onyx is delighted to partner with Cognizant," said Jack Denault, Senior Vice President of the Americas at Onyx Software. "Working with Cognizant, we complement our professional services staff with their vertical expertise and offshore capabilities to enhance our ability to meet the complex needs of enterprise clients worldwide. This enables our services sector customers to address the challenges of managing costs and creating competitive advantage, while allowing us to extend the full range of capabilities we bring to their urgent issues."
About CognizantCognizant (NASDAQ: CTSH) is a leading provider of IT services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management. About Onyx Software
Onyx Software Corporation (NASDAQ: ONXS) is a worldwide leader in customer management and process software for mid and large size enterprises. 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, Mellon Financial Corporation, The Regence Group and State Street Corporation. More information can be found at (888) ASK-ONYX or info@onyx.com Onyx Forward-Looking Statement
Cognizant Forward-Looking Statement
| Onyx Contact: | Bob Craig Onyx Software 617-314-6846 rcraig@onyx.com |
Cognizant Contact: | Malcolm Frank SVP, Marketing and Strategy 617-273-9282 Malcolm.Frank@cognizant.com |
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