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Tenrox Reports Unprecedented Growth In Last Quarter Of 2001 Tenrox, The Enterprise Optimization Company is a leading provider of Enterprise Software Solutions. Today it announced record financial results for December 2001. Tenrox's main market for its Enterprise Optimization Solutions is the US and Europe. Despite a noticeable slowdown in general business activity that occurred in the later half of 2001, Tenrox experienced record revenues in December. This fact helped to reinforce that its Enterprise Optimization products are a great investment for customers and provide a rapid ROI regardless of the general economic trends. Customers who joined the Tenrox family in the fourth quarter include: Bell Mobility, a 1,600 employee implementation, ComputerShare, who originally deployed the software for 600 users two years ago and signed on for another 3000 users, as well as many other major organizations such as TD Waterhouse, Giant Tiger, ABN AMRO and the SAQ (Quebec's state-owned alcoholic beverage marketing board). "We finished 2001 with excellent financial results that exceeded our most bullish targets despite the challenging environment in the US. We expect this growth trend to continue into 2002 as we move ahead with additional strategic partnerships, reinvestment in R&D and our product development efforts", said Rudolf Melik, President and CEO of Tenrox. Tenrox believes that remaining financially strong is in the best interest of its customers, suppliers and employees. Their Professional Services area continues to grow in importance at Tenrox. "Our customers realize that the most cost effective approach to installing and integrating our solutions to their other production systems is to leave the planning, training, installation, rollouts and data migration to Tenrox project managers and consultants. Our consultants have managed many successful installations of our solutions in various industries around the world. Our standard methodology provides consistent results that our customers can depend on", says Gus Berdebes, Vice President Professional Services at Tenrox. While achieving these superior sales results in 2001, Tenrox is also preparing a major new release of all of its productivity solutions for the first quarter of 2002. "Tenrox has never started a year with so much momentum. A rich and scalable product planned with the powerful Release 7, incorporating sophisticated resource management functionality, will soon follow Release 6.5 with flawless integration of Web based multi-dimensional Business Intelligence reporting capabilities. All of this is due to our skilled and motivated employees and experienced management team," explained President and CEO, Rudolf Melik. About Tenrox Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premise, Tenrox project workforce management solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com. Media Contact:
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