Press Releases

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 is the only true workflow-driven project and service delivery solution for today’s globally dispersed project workforce. Tenrox Cloud PSA and Cloud PPM solutions are best of breed browser independent offerings built on the Microsoft platform. Tenrox’s intuitive user interface, easy to configure options, and quick connect technology simplify deployment, accelerate user adoption and make project workforce management fun. We have been around for 15 years and counting; growing profitably. Our field tested experience, deep integration expertise and commitment to a best of breed cloud-based strategy mean you get the best project and service delivery solution there is from a best of breed vendor solely focused on innovating; providing you with advanced functionality and a seamlessly integrated project portfolio management and professional services automation solution. Tenrox is big enough to be dependable, fast and innovative but small enough to actually listen to you.

Since 1995, Tenrox solutions have served more than 800 organizations in 50 countries such as: IBM, General Electric, US Army, The Pentagon, Port of Long Beach, Talisman Energy, ConocoPhillips, Eaton, Pioneer Natural Resources, Invensys Rail Systems, SNC Lavalin, Hydro Quebec, JDA Software, Guidance Software, SAS, SAP, Alstom, Thales, Amphenol, Rio Tinto Alcan, Abbott, PharmaNet, Telus, Alcatel Lucent, Yellow Pages Group, Corning, Family Health International, Oxfam, Estee Lauder, Willis Group Holdings, E*TRADE Financial Corp, and Butler University.

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 http://www.tenrox.com

Media Contact:
Marie Melchiorre
Tenrox Public Relations
450-686-7365
publicrelations@tenrox.com

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