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November 18, 2005
Onyx Software Names Philip Minasian Chief Strategy & Development Officer
"Over the past year, Onyx has created an operating foundation upon which to build greater customer and shareholder value. We see major opportunity for growth in the market moving forward and are focused on expanding profitably," said Janice P. Anderson, Chair and CEO of Onyx. "I'm pleased to have Phil join our team at a time when I believe the market opportunity for Onyx is expanding and the time is ripe for Onyx to move aggressively to fill the void left in the wake of the Oracle-Siebel deal. His substantial experience in developing winning strategies will be a tremendous asset as we invest in our strong value proposition of flexible, agile customer management solutions."
Mr. Minasian's career spans over 20 years working with leading IT and communications companies. During the last decade, Minasian was a partner at Monitor Group, a leading global strategy advisory firm focused on solving the growth problems of F500 companies, where he led the firm's North American practice for IT and Communications sector clients. His client engagements reflect deep experience in growth strategy, new market entry, marketing strategy, M&A and partnering - largely focused on industries in disruption and companies undergoing transformation. Prior to Monitor, Minasian served thirteen years at a Xerox subsidiary where he served as Director of Marketing and Director of Engineering & Operations and garnered two US patents.
"I believe Onyx is at an inflection point," said Minasian. "We have the opportunity to take share by leveraging our distinctive value proposition in CRM, BPM and analytics. We have a solid foundation in place, enabling us to focus our efforts on deepening our value proposition and widening our strategic footprint. We have a complete and leading management team in place, one that will approach growth with the right measures of aggressiveness and prudence. And, we have a unique opportunity afforded us by Oracle's consolidation of Siebel and PeopleSoft. I believe the opportunity is there for us to establish Onyx as a leading competitor in our space."
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, 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
| Contact: | Bob Craig Onyx Software 617-314-6846 |
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