2006 News Releases

Synygy Names Scott Cawood as Vice President, Worldwide Human Resources
December 18, 2006 —Synygy Inc., an authority on sales performance management and the largest provider of solutions for solving problems related to the management of sales compensation plans, today announced that Scott Cawood has joined Synygy as vice president, Worldwide Human Resources.

Synygy Appoints Lawrence P. Novacich Chief Operating Officer
November 21, 2006 —Synygy Inc., an authority on sales performance management and the largest provider of solutions for solving problems related to the management of sales compensation plans, today announced the appointment of Lawrence P. Novacich to the newly created position of chief operating officer (COO).

Synygy Promotes Chetan J. Shah to Lead Synygy Software Business Unit
November 21, 2006 — Synygy Inc., an authority on sales performance management and the largest provider of solutions for solving problems related to the management of sales compensation plans, today announced that Chetan J. Shah has been appointed to chief technology officer (CTO).

Synygy Announces Spring Dates for THE SALES PERFORMANCE CONFERENCE
November 15, 2006 — Synygy Inc. announced today that THE SALES PERFORMANCE CONFERENCE will next take place April 16-18, 2007 in Scottsdale, Arizona at the Scottsdale Resort and Conference Center.

Synygy Experiences Another Quarter of Record Performance
November 13, 2006 — Synygy today announced that it achieved record performance for the quarter ending September 30, 2006. "Synygy´s accelerating success is driven by a proven, unique ability to solve sales compensation management problems faced by large companies with over 1,000 salespeople, brokers, or agents," said Mark A. Stiffler, president & CEO of Synygy.

Synygy Receives Positive Rating in Leading Analyst Firm´s Report
August 15, 2006 — Synygy today announced that it received a “Positive” rating in Gartner’s “MarketScope for Sales Incentive Compensation Management Software, 2006,” the highest rating given in the report.

Synygy Sees Continued Growth in Subscription Revenue and Productivity
August 7, 2006 — Synygy today announced that it achieved continued strong financial performance for the quarter ending June 30, 2006.

Synygy Launches Executive Education Series on Problems Companies Face in Managing Sales Compensation Plans
June 14, 2006 — Companies today are wasting millions of dollars on sales compensation plans that aren´t aligned with their overall business strategy and therefore drive the wrong behaviors and pay for things that have no impact on their success. On June 20, at 2 pm Eastern time, Synygy will host a webcast to kick off a new Executive Education Series.

Synygy Experiences Accelerating Revenue Growth

May 9, 2006 — Synygy today announced that it has achieved record financial performance for the quarter ending March 31, 2006. “Our key measure of financial performance is growth in subscription fees, which was up 74% over the same quarter last year,” said Mark A. Stiffler, president & CEO of Synygy.

Synygy Doubles Its Professional Services Management Staff

April 4, 2006 — Synygy today announced the promotion of Kenneth Bjorkelo, James Castello, Amit Gupta, and Chethan Prabhu to the position of managing director. These promotions reflect the growth of Synygy’s professional services group and doubles Synygy’s capacity to manage the growing demand for its implementation, plan management outsourcing, and other services.

Driving Performance: Changing the Way Organizations Think About Executing Strategy and Motivating Employees

March 22, 2006 — Rich in practical advice, PERFORMANCE: Creating the Performance-Driven Organization (John Wiley & Sons; March 2006; $45.00) provides a practical framework for rethinking what performance management is and how it can be used to better execute strategy.

Synygy to Host New Executive-level Conference on Business and Workforce Performance Management in March

February 20, 2006 —Synygy which has for over a decade hosted educational conferences focused on incentive compensation, performance management, and sales effectiveness, today announced that limited space remains for its newest event, The Performance Conference. Many Synygy-sponsored conferences have sold out in the past.

Synygy Promotes Anil Chouhan to Vice President, International Sales

February 14, 2006 — Synygy today announced the promotion of Anil Chouhan to vice president, international sales. Mr. Chouhan´s appointment demonstrates Synygy’s commitment to global expansion, particularly in Europe, Southeast Asia, and Australia.

Synygy Celebrates 15 Years of Success

January 24, 2006 — Synygy today announced that it has successfully completed its fifteenth year in business, marked by a yearlong transition to a subscription-only pricing model. Because of this shift, Synygy began 2006 with a base of recurring revenue under contract that equaled 75 percent of total 2005 revenue.

New Synygy Service Helps Clients Transform Their Pay-for-Performance Management Processes

January 17, 2006 — Synygy today announced a new service to help companies transform the processes surrounding the management of their pay-for-performance and incentive compensation plans. At a cost of less than 10% of a full-blown incentive compensation management solution, Synygy´s plan management process assessment identifies problems that are limiting the effectiveness of an organization´s incentive compensation plans and recommends steps that companies can take to solve their incentive compensation management problems.