Synygy Achieves 48th Consecutive Quarter of Profitable Revenue Growth; Investments Made in 2003 Result in Accelerated Growth.

Business Editors

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--April 14, 2004

Synygy Inc., a provider of software and services for creating performance-driven organizations, today announced its 48th consecutive quarter of profitable revenue growth in the quarter ended March 31, 2004.

In 2003, Synygy made significant investments in the future:

-- built an expanded global sales and marketing organization of

over 50 people under new, more experienced software-industry

management,

-- trained five new implementation service providers, which are

each contributing additional sales capacity,

-- doubled the size of the software development organization to

over 150 people to become the largest such organization of any

Enterprise Incentive Management (EIM) company,

-- grew its professional services organization to over 200

people, nearly three times the size of any such organization

of any provider of EIM solutions,

-- created the industry's only 100% web-based, zero footprint,

scaleable EIM application, and

-- launched a suite of integrated Performance Management

solutions.

These investments reaped rewards in the first quarter of 2004 with revenue growing at an even more rapid pace.

"Yet again, Synygy proves that sound management and steady, consistent, profitable growth are the keys to long-term sustainability and viability as a company," said Mark A. Stiffler, president and CEO of Synygy. "Our success occurs at a time when some of our competitors are experiencing significant declines in revenue, the accumulation of losses, and pressure to cut expenses in order to satisfy shareholders. Synygy, on the other hand, continues to invest in the success of our clients and plans to double both the sales force and the software development organization in 2004."

Three primary factors are resulting in recent client wins, especially in financial services and life sciences, and explain Synygy's outpaced growth relative to the competition:

-- superior technology, with 100% web-based, zero-footprint,

scaleable applications that include integrated data, rules,

reporting, and process management to eliminate custom coding,

achieve very rapid implementation times, and make maintenance

and upgrades a simple, hassle-free, inexpensive process,

-- flexible business model, with the option to license software

for an up-front fee or an annual or monthly subscription fee,

with fixed-fee (rather than time and materials)

implementations, and with the choice of bundling Synygy's

software hosting or plan management outsourcing services to

create solutions that meet the unique needs of each client,

and

-- broad set of integrated solutions, including EIM, quotas

management, objectives management, sales territory management,

workforce performance management, referrals tracking and

management, and data analysis and management--all from a

single vendor.

About Synygy

Synygy, Inc. provides software and services for creating performance-driven organizations. Synygy solutions enable companies to better execute their strategies by "operationalizing" how they define performance, reward success, and deliver results. Synygy's award-winning Enterprise Incentive Management (EIM) solutions have been proven by independent study to pay for themselves in eight to nine months. Synygy EIM was also recently picked as the top-ranked EIM product in HR.com's 2003 Buyer's Guide to EIM. Based in suburban Philadelphia, Synygy's success and sustained growth were recognized when Synygy was named to the Inc. 500 Hall of Fame, reflecting Synygy's fifth consecutive inclusion on the Inc. 500.

Synygy is a registered trademark and "Performance Defined. Results Delivered." is a trademark of Synygy, Inc. All other trademarks are trademarks or registered trademarks of their respective owners.