ONXS Onyx Software (MM)

Onyx(R) 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 Cognizant Cognizant (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. Cognizant's more than 26,000 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and on-site client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named one of Forbes' Best Small Companies in America for the fourth consecutive year, and ranked among the top information technology companies in BusinessWeek's Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index. Find additional information about Cognizant at www.cognizant.com. 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, info@onyx.com or http://www.onyx.com/. Onyx Forward-Looking Statement This press release contains forward-looking statements, including statements about the potential benefits of Onyx products. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The words "predict," "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Onyx's actual results include, but are not limited to the "Important Factors That May Affect Our Business, Our Results of Operations and Our Stock Price" described in our annual report on form 10-K, our quarterly reports on form 10-Q and other filings with the Securities and Exchange Commission which are available on our investor relations home page at www.onyx.com/investors. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Onyx undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Cognizant Forward-Looking Statement This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and whose accuracy are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Onyx is a registered trademark of Onyx Software Corporation in the United States and other countries. Cognizant is a trademark and the Cognizant logo is a service mark of Cognizant. Other product or service names mentioned herein are the trademarks of their respective owners.