News Date: Monday, April 26, 2010

CIGNEX Holding Corporation: A New Synergistic Force in
Enterprise Open Source Solutions

CIGNEX Technologies, Inc., the global leader in commercial Open Source solutions, and AGS Technology Group, a leading provider of ERP services, today announced their merger. The merged entity will be known as CIGNEX Holding Corporation (CIGNEX). Jeff Colvin, CEO & Co- Founder of AGS, will take over as the CEO of CIGNEX.

CIGNEX has been the global leader in Open Source consulting for over 10 years, providing solutions across Web Content Management, Portals, eCommerce, Digital Asset Management, Documents & Record Management, Business Process Management and SOA. In addition to alliances with RedHat and JBOSS, CIGNEX is a Platinum Alfresco partner and the only Platinum level partner of Liferay in the world as well as, Gold partner of Pentaho and Silver partner of Intalio. As a true end to end provider of ‘Making Open Source Work’ for the Enterprise, CIGNEX is also a global partner of Compiere, Open Source ERP & CRM solutions and Magento Commerce, an Open Source eCommerce platform.

Per Jeff, “CIGNEX continues to be a leader in the rapidly growing commercial Open Source solutions space. The merger will further support CIGNEX to scale and provide an even more robust service offering to our clients around Open Source, ERP and innovation to help improve client profitability end to end. We are witnessing a paradigm shift around enterprise grade commercially backed Open Source products and CIGNEX is leading the way”

AGS brings over 20 years experience in ERP consulting, providing end-to-end Implementation, Integration, Migration, Optimization, Maintenance & Support services, both in the US and abroad. “As an SAP authorized partner, AGS has competency in SAP e-sourcing, Spend Analytics, Basis and ABAP support, functional consulting and a robust SAP upgrade practice”, says Dave Malhotra, Co-Founder AGS, and new COO of CIGNEX.

“We are very excited about this merger as it further extends our strength in enterprise Open Source solution offerings into the ERP domain, given the strong functional and technical expertise AGS possesses” says Paul Anthony, President, CIGNEX.   

CIGNEX Holding Corporation, by deploying commercial Open Source solutions, will focus on addressing key challenges faced by CIOs today (a) integrating Open Source solutions with existing Line of business solutions, (b) managing the contradictory demands of reducing IT spend while rolling out new solutions.

Amit Babaria, EVP and Co-Founder of CIGNEX highlighted, “The merger will add people, processes and solution offerings to enable us to deliver increased client satisfaction as the market grows.”

Headquartered in Santa Clara, CA with offices in Colorado, Florida, Michigan, Texas, New Jersey, United Kingdom, India, Singapore, Malaysia and Thailand and 325+ employees, CIGNEX will continue to help improve client profitability by delivering commercial Open Source solutions to our global customers.

For more information please visit www.cignex.com or call
Dave Jennings
+1.616.604.4033
David.Jennings@cignex.com