Cognera Wins Global Outsourcing Excellence Award

Business Wire, June 16, 2008

Forbes and Everest Group Sponsor Key Industry Award

CALGARY, Alberta -- Cognera Corp., a leading provider of settlement, billing and support services for utilities and competitive retailers across North America, announced today that it has received the 2008 Outsourcing Excellence Award presented by the Outsourcing Center in the category of Best Business Process Outsourcer (BPO). They were nominated by their client, Calgary-based ENMAX Energy Corporation, who Cognera supplies with Settlement Services, Complex Retail Billing Services and Consulting and Business Intelligence Services. ENMAX Energy Corporation, a subsidiary of ENMAX Corporation, is Alberta's leading competitive electricity retailer. In addition to electricity, ENMAX Energy provides natural gas, renewable energy and value-added services to residential, commercial and industrial customers throughout Alberta.

The Outsourcing Excellence award is sponsored by The Outsourcing Center in conjunction with The Everest Group Research and Advisory firm and Forbes magazine. The Awards recognize the world's most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider.

"We are honored to receive this award and are committed to educating utilities and competitive retailers on the true benefits of partnering with a Business Process Outsourcer," said Kate Joslyn, President and CEO of Cognera.

"Cognera has been an excellent partner of ours in serving the required complexities of our Large Commercial and Institutional (C&I) competitive contract customers and we are therefore very pleased that they are being recognized by this award," says Darwin Gillies, executive vice-president, ENMAX Energy Corporation.

Awards will be presented in a black tie gala at the Forbes Galleries on October 15, 2008. Award winners will be featured in the May 19th issue of Forbes magazine. Award winning stories will also appear in the August 2008 Awards issue of Outsourcing Journal.

About Cognera Corp.

Headquartered in Calgary, Alberta, Canada, Cognera is a leading provider of settlement and retail billing solutions for competitive energy retailers and regulated utilities using a combined Business Process Outsourcing and Software as a Service model. Cognera delivers a unique and modular software solution that manages complex billing processes, while allowing clients to retain access to their core customer data. Additionally, they offer business intelligence and consulting services to assist with risk mitigation, process mapping, project management, and industry assessment. Through outsourcing billing and support solutions, Cognera clients can focus on core strengths, achieve financial goals, and effectively deal with dynamic technology. For more information, please visit www.cognera.com.

About the Outsourcing Excellence Awards

Outsourcing Excellence Awards recognizes the world's most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider. The annual awards program is conducted by Outsourcing Center, an online community specializing in thought leadership, best practices, and innovation in outsourcing. The program is sponsored by Everest Group, who helps companies create customized sourcing strategies and outsourcing relationships that are tailored to their specific situations, and by Forbes Special Sections. For more information, please visit www.outsourcing-awards.com and www.outsourcing-center.com.