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Tenrox Announces Stephan Yazedjian as an Independent Board Member

Glendale, California - August 4, 2009

Tenrox, the leading provider of web based project management software solutions, today announced that Stephan Yazedjian has joined its board as an independent, non-executive director.

“Mr. Yazedjian’s extensive years of experience in managing growth and in the technology field will be a huge asset to our Board of Directors,” said Tenrox CEO, Rudolf Melik. “Stephan’s proven leadership as an executive will be instrumental
as we look to expand our position in the project management industry and continue our growth.”

Mr. Yazedjian has more than 20 years of global leadership in an international context. He was Executive Vice President and Chief Financial Officer of Mecachrome from 2003 to 2009. Prior to that, he held senior investment banking positions at Scotia Capital Inc. and BMO Nesbitt Burns Inc. Prior to his investment banking career, Mr. Yazedjian was Vice-President at Ernst & Young Corporate Finance. Mr. Yazedjian is a director of Alyotech Canada Inc. since 2005. He is also Vice President of the fundraising committee of the Fondation Autisme de Montréal since 2006, a non-profit organization dedicated to helping children with autism. He was also the President of the fund raising committee for Procure, a non-profit organization dedicated to the fight against prostate cancer. From 1992 to 1999, Mr. Yazedjian was a lecturer at McGill University and Concordia University business schools in finance, accounting and mergers and acquisitions. Mr. Yazedjian holds a Bachelor of Commerce degree from McGill University and is a CA, CPA, MBA and is a Chartered Business Valuator.

"I became interested in working with Tenrox because of its tremendous growth possibilities; the combination of opportunities within the project management software space and the advanced feature-set within the Tenrox application, are what drew me to the company,” explained Mr. Yazedjian. “I’m excited to be working with the Tenrox team as the company continues to build on its success and progress into its next stage of growth and development.”

About Tenrox

Tenrox cloud-based project management software solutions empower our users to meet the challenges of globalization, enterprise fragmentation, and increased regulatory scrutiny. Available on-demand or on-premise, Tenrox solutions are both ISO 27001 and SAS 70 certified serving more than 800 organisations in 50 countries, maximizing project and resource management efficiency, data security, and reliability.  Since 1995, Tenrox has been offering its project management software tools to clients 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, 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
450-686-7365
publicrelations@tenrox.com

Product or service names mentioned herein are the trademarks of their respective owners.

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"Tenrox is the most robust and forward -thinking project workforce management product I have seen for addressing our project workforce management, billing and cost accounting needs. We expect a full return on our investment in less than six months, just for the first phase of implementation."

Russ H.
EVP and Co-founder
Synteract

Tenrox web based enterprise project management software is a modular solution that helps simplify your, project planning, project tracking, project accounting, expense tracking, enterprise resource / capacity planning, and time and billing.

Traditional project planning and project management software tools put the burden of creating and updating project plans on the managers shoulders. Tenrox makes your project planning and management quicker and easier by using simple and effective workflow tools to help you get the job done quicker and easier.

Our online business project planning and project accounting system is workflow-driven and replaces the spreadsheets and band-aid applications that leave your project-driven work force and processes disconnected. With work breakdown structures to mirror the way you do business, Tenrox allows you to easily map your projects to your corporate structures: Capture and track project data at any level of detail, mirror every business operation area with distinct functional and approval hierarchies, and summarize or drill down into your project workforce financials. Tenrox is the perfect online enterprise project management software solution to align your projects and workforce with your business goals.

With online project management tools by Tenrox, you obtain real-time information on costs, expenses, revenue, profits, project status, schedules and issues, ensuring successful project management planning and delivery. Tenrox Project Workforce Management Software meets the needs of both service organizations for professional services automation and for internal project management offices so you can manage and view both process and financial impact in real time.

1010 N. Central Ave., Glendale, CA 91202