2005 News Releases

Synygy’s Focus on Solving Client Problems Drives 54th Consecutive Quarter of Success
November 7, 2005 — Synygy today announced that for the period ending September 30, 2005, the company achieved yet another quarter of profitable growth. During the quarter, several important milestones occurred: Synygy´s largest-ever client went live—in record time; Synygy beat out Siebel to win a client that purchased an integrated set of Synygy´s incentive compensation, objectives, and quotas management solutions; and Synygy signed a groundbreaking “insourcing” deal with a long-time client to take over management of its plans using Synygy software already on-premise.

Synygy Eliminates Software License Fees for Competitive Upgrades

September 26, 2005 — Synygy today announced that it is eliminating all software license fees for new clients that previously purchased and attempted to implement a competitor´s enterprise incentive management (EIM) software.

Synygy Racks Up 53rd Consecutive Quarter of Profitability

August 1, 2005—Synygy, Inc., the largest provider of Enterprise Incentive Management (EIM) solutions, today announced that for the period ending June 30, 2005, the company achieved its 53rd consecutive quarter of profitability. Synygy sold nearly $4 million in new business this past quarter. Synygy also saw its base of recurring revenue grow as a result of a change in pricing from up-front license fees back to subscription fees and an increase in the demand for its hosted software-as-a-service and managed services solutions.

CIGNA Selects Synygy’s Enterprise Incentive Management Software

July 19, 2005 —Synygy Inc. today announced that CIGNA, one of the nation´s largest providers of employee benefits products and services, is using Synygy´s hosted software-as-a-service solution to manage the incentive compensation plans for its Group Insurance division. The software was successfully configured in four months, adding to Synygy´s long track record of EIM implementations completed in between three and six months.

Synygy World Headquarters Makes Power Move to Chester, Pennsylvania

June 27, 2005 —Synygy, Inc. opened for business at its new world headquarters in Chester, Pennsylvania this morning. The event is a major milestone in the revitalization of the City of Chester and a significant move for Synygy, the largest provider of Enterprise Incentive Management (EIM) solutions and a 15-year fixture in the Philadelphia business community.

Synygy Unveils New Data Center and Breakthrough Pricing

June 27, 2005 —As part of the move today to its new Chester, Pa.-based world headquarters, Synygy Inc., the largest provider of Enterprise Incentive Management (EIM) solutions, unveiled its new 5000 square foot data center. Synygy also announced new subscription pricing with a starting rate that is the lowest in the industry.

June Sales Effectiveness Conference Nearly Sold Out
May 23, 2005 —Only a few spaces remain for the 2005 Sales ffectiveness Conference, to be held June 7 and 8 at The Drake Hotel in Chicago. The nearly sold out event will bring h undreds of senior-level sales executives and world-class sales experts together for the annual conference and expo.

Synygy Experiences 52nd Consecutive Quarter of Success, With Profits Nearly Doubling
May 4, 2005—Synygy, Inc., the largest provider of Enterprise Incentive Management (EIM) solutions, today announced that it had achieved its 52nd consecutive quarter of success for the period ending March 31, 2005, with profits nearly doubling over the prior quarter. The first quarter of this year also saw Synygy sign the largest EIM deal ever signed by any company—a $12 million dollar three-year managed services contract.

Fujisawa Healthcare Named as Recipient of the Synygy-Inspired Innovation in Performance Management Award
March 9, 2005—Fujisawa Healthcare, Inc. was named today as the first-ever recipient of the Innovation in Performance Management Award in a ceremony at the annual Synygy-sponsored Performance Management Conference & Expo in Phoenix. Fujisawa, which develops, manufactures, and markets proprietary pharmaceutical products, was chosen for its success in implementing a performance management program to align resources around three core areas that drove sales performance for Fujisawa: selling skills, sales planning and implementation, and customer management.

Yankee Group Names Synygy as a Thought Leader in Workforce Lifecycle Management
March 8, 2005—Global market research and consulting firm The Yankee Group yesterday released a report on the Workforce Lifecycle Management (WLM) market, which identifies Synygy as one of the "thought leaders." The report indicates that Synygy is well-positioned for market share gain and rapid adoption of its solution.

Synygy Magazine’s Winter 2005 Issue Makes Performance Visible
February 14, 2005—The latest issue of Synygy Magazine shows how companies have successfully deployed performance management solutions to improve the execution of corporate strategy dramatically. Linking employee pay to performance is one key to effective performance management. John Roulat, vice president of information systems, North America, for the leading optics manufacturer Carl Zeiss, knows this first hand.

Synygy-Sponsored Performance Management Conference Set to Open in March
February 7, 2005—Hundreds of executives from around the world will soon gather to make sense out of the alphabet soup of “fill in the blank” performance management solutions proliferating the marketplace. Using real-world case studies and hands-on workshops, experts will show participants at the annual Performance Management Conference & Expo how to roll out performance management initiatives successfully.

Synygy Grows Revenue, Profit, and Cash in 2004 to Achieve 14th Record Year
February 1, 2005 —Revenue continued to grow in 2004, with the largest growth occurring in implementation services, which nearly doubled versus the prior year as a result of software implementations with new clients and maintenance of plan changes for an expanded client base. Net profit rose 21 percent. Cash generated by operating activities increased 28 percent. This sustained level of financial performance marks privately held Synygy´s 14th consecutive year of revenue growth and profitability.

Synygy Shipping Latest Version of Its EIM Software
January 18, 2005 —Synygy Inc., a provider of software and services for creating performance-driven organizations, today announced the availability of version 10.8 of its Enterprise Incentive Management (EIM) software. This newest version of its award-winning software boasts greater performance, expanded scalability, significant increase in report processing speed, and enhanced integration capabilities.