Onyx Software (NASDAQ:ONXS)
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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.