Synergen to Acquire Axiom Division

WALNUT CREEK, CA, – Synergen, Inc., a leading provider of Enterprise Asset Management (EAM) and Computerized Maintenance Management (CMMS) solutions to asset-intensive industries and utilities, announced that it has signed a definitive agreement to acquire the major assets of Axiom Corporation’s utility business, including its flagship mobile dispatch solution suite, Mobility.

In addition to the satellite and wireless computer-aided dispatch, workforce scheduling and automatic vehicle location (AVL) components of Mobility, Axiom provides a customer information solution that delivers integrated resource and financial planning through the Synchro customer information system (CIS) product, along with a full range of system integration services. The acquisition is expected to be finalized in July 2004.

Synergen has grown substantially since being founded in 1986 by president Richard MacDonald, and recently announced that GFI Energy Ventures, LLC has acquired a majority interest in the company. GFI Energy Ventures is a significant equity investor focused on growing successful companies that meet the needs of the evolving utility sector and related industries. GFI has made over 40 investments in the technology arena over the past eight years and now manages a portfolio of companies with an aggregate value of more than $2 billion.

“Axiom’s industry-leading mobile workforce management software solution, Mobility, coupled with its significant vertical industry experience, domain knowledge, extensive systems integration capabilities and the Synchro CIS offering, will further strengthen Synergen’s ability to provide enterprise-wide solutions to the marketplace,” said Richard MacDonald, Synergen president. “We are excited to be able to leverage the market-proven Mobility and Synchro products to expand our solution footprint.”

“Axiom’s dedication to providing quality, cost-effective business and technology solutions to our customers mirrors the Synergen philosophy. Our customers, partners and employees will be well served by this acquisition,” added Robert Taylor, president of Axiom Corporation.

Andrew Osler, Synergen board member and GFI Energy Senior Vice President, stated, “We are delighted with this acquisition as it furthers our strategy for building a company that delivers a broad suite of integrated best-in-class software solutions to Synergen’s core markets. Axiom’s customers made it clear to us that Axiom’s products and people are focused on delivering solutions that are flexible, easy to implement and upgrade, and that enable them to improve customer service and reduce their costs of operation. This same focus is embraced by Synergen and we look forward to a smooth integration of these compatible organizations.”

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