Synygy World Headquarters Makes Power Move to Chester, Pennsylvania; Former Electric Power Plant Now Home to the Largest Provider of Enterprise Incentive Management -EIM- Software and Services

Business Wire, June 27, 2005

CHESTER, Pa. -- Synygy, Inc. opened for business at its new world headquarters in Chester, Pennsylvania this morning. The event is a major milestone in the revitalization of the City of Chester and a significant move for Synygy, the largest provider of Enterprise Incentive Management (EIM) solutions and a 15-year fixture in the Philadelphia business community.

"Synygy is proud to be part of this historic city's renaissance," said Mark A. Stiffler, Synygy president and CEO. "Our move to Chester preserved a beautiful and architecturally-significant building, reused what was once a brownfield, and revitalized the local economy. Our new headquarters will bring tremendous benefits to the community, to our employees, and to our clients."

Synygy, formerly of Conshohocken, Pennsylvania, is the lead tenant in a new development located on the Delaware River at the base of the Commodore Barry Bridge. Synygy's new offices at the development are in the former Chester Power Station, an imposing, 1918-era structure that the Historic American Buildings Survey (HABS) called "one of the best-preserved and most monumental early power plants in the United States."

Synygy employees now enjoy 130,000 square feet of open, fun working and meeting space that promotes Synygy's team-oriented culture and enhances camaraderie. The facility, designed by Hillier Architecture, is convenient to I-95, I-476, and Delaware Valley area public transportation, and it features an onsite coffee bar and cafe in the dramatic Turbine Hall--a space almost the size of a football field, with a 100-foot high ceiling, that was once home to massive, electricity-generating turbines.

Also within Turbine Hall is Synygy's new 5,000 square foot data center, which provides clients with even greater levels of scalability, security, and reliability. The data center build-out included an upgrade to the high-speed fiber communications infrastructure for this section of Chester.

Over the years, the challenges facing Pennsylvania's oldest city and once flourishing industrial center have been similar to other economically distressed urban communities, as high unemployment and poverty, low-performing schools, and substantial numbers of abandoned and deteriorated properties became the norm.

In selecting Chester for its new headquarters site, Synygy aims to help reverse these trends and give back to the community at large--environmentally, socially, and economically--by cleaning up and reusing a brownfield site (rather than contributing to suburban sprawl and destruction of farmland), by involving its employees in the education of Chester's youth, and by creating new jobs and business opportunities for the residents of Chester.

Synygy's new address is 2501 Seaport Drive, Chester, PA 19013. The new telephone number is 610-494-3300. All employee extensions remain the same.

About Synygy

Synygy is the largest provider of Enterprise Incentive Management (EIM) solutions and a leading supplier of innovative, web-native software and services that enable organizations to align, measure, reward, report, and analyze employee performance. Synygy uniquely offers flexible deployment options that include installed software, Synygy-hosted software-as-a-service, and managed services where Synygy administers the entire incentive compensation process for clients--so they never have to think about software. With rapid, fixed-fee implementations, pay-as-you-go subscriptions, and a money-back guarantee, Synygy eliminates risks and ensures success. Synygy is based Chester, Pa., has extensive operations in Europe and Asia, and has achieved 14 consecutive years of profitable revenue growth. www.synygy.com.