Press Release

Tenrox Celebrates 10 Successful Years as the Leading Provider of Project and Workforce Management Software Solutions
Pasadena, California – October 5, 2005

Today marks Tenrox's tenth year in business as the leader in project governance and compliance software on the Microsoft platform. Founded in 1995, Tenrox launched its first commercial software in late 1997. Today, the Company's award-winning solutions are used by 800 organizations in 50 countries to track budgets, facilitate compliance with corporate governance, labor and industry regulations, and to improve productivity and decision-making. Since its inception, the Company has also expanded its operations to include offices in California, Montreal, Toronto and Melbourne (Australia).

Managed by the same executive team since its inception, Tenrox has, over the past 10 years, demonstrated consistent profitability with an average revenue growth rate of 40% per year.

“Tenrox has been built “brick by brick” by very hard working and incredibly loyal employees and by establishing a true spirit partnership and cooperation with our customers,” says Rudolf Melik, President and CEO. “As we look forward to the next ten years, we will continue to adapt and innovate and strive to deliver solutions that are aligned with our customer's changing and evolving business needs. What won’t change is our dedication to our employees, our customers, and the passion we all share for our field.”

Over the years, Tenrox has been recognized with many corporate awards and industry accolades by such organizations as Deloitte & Touche, Ernst & Young, Profit 100, Microsoft and Branham Group. The Company's cutting-edge software has also received numerous product awards by industry-leading publications such as VARBusiness, CRN Magazine, ComputerWorld, CPA Technology, Channel Business and more.

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 solutions have served more than 800 organizations in
50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as: GE Infrastructure -GE Fanuc, Rio Tinto Alcan, E*TRADE Financial Corp, Blue Cross Blue Shield NC. Alstom, IBM, SNC Lavalin, Hydro Quebec, Pioneer Natural Resources, Westinghouse Rail Systems, SAS, Thales, US Army, The Pentagon, Talisman Energy, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox project management 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:
Marie Melchiorre
Tenrox Public Relations
877-483-6769 Ext. 4603
publicrelations@tenrox.com

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