GFI Energy Ventures - Press Release

Synergen, Inc. To Acquire Division Of Axiom Corp.

Synergen and GFI Energy Ventures Expand Solution Footprint to Include Mobile Dispatch, Scheduling and Customer Information (CIS)

June 23, 2004 - For Immediate Release

Walnut Creek, CA – Synergen, Inc., a leading provider of Enterprise Asset Management (EAM) and Computerized Maintenance Management (CMMS) solutions to asset-intensive industries and utilities, today announced that it has signed a definitive agreement to acquire the major assets of Axiom Corporation’s utility business, including its flagship mobile dispatch solution suite, Mobility. In addition to the satellite and wireless computer-aided dispatch, workforce scheduling and automatic vehicle location (AVL) components of Mobility, Axiom provides a customer information solution that delivers integrated resource and financial planning through the Synchro customer information system (CIS) product, along with a full range of system integration services. The acquisition is expected to be finalized in July 2004.

Synergen has grown substantially since being founded in 1986 by president Richard MacDonald, and recently announced that GFI Energy Ventures, LLC has acquired a majority interest in the company. GFI Energy Ventures is a significant equity investor focused on growing successful companies that meet the needs of the evolving utility sector and related industries. GFI has made over 40 investments in the technology arena over the past eight years and now manages a portfolio of companies with an aggregate value of more than $2 billion.

“Axiom’s industry-leading mobile workforce management software solution, Mobility, coupled with its significant vertical industry experience, domain knowledge, extensive systems integration capabilities and the Synchro CIS offering, will further strengthen Synergen’s ability to provide enterprise-wide solutions to the marketplace,” said Richard MacDonald, Synergen president. “We are excited to be able to leverage the market-proven Mobility and Synchro products to expand our solution footprint.”

“Axiom’s dedication to providing quality, cost-effective business and technology solutions to our customers mirrors the Synergen philosophy. Our customers, partners and employees will be well served by this acquisition,” added Robert Taylor, president of Axiom Corporation.

Andrew Osler, Synergen board member and GFI Energy Senior Vice President, stated, “We are delighted with this acquisition as it furthers our strategy for building a company that delivers a broad suite of integrated best-in-class software solutions to Synergen’s core markets. Axiom’s customers made it clear to us that Axiom’s products and people are focused on delivering solutions that are flexible, easy to implement and upgrade, and that enable them to improve customer service and reduce their costs of operation. This same focus is embraced by Synergen and we look forward to a smooth integration of these compatible organizations.”

About Synergen:
Synergen, Inc. (www.synergen.com) offers a series of award-winning Web-architected products that address all aspects of collaborative work management; asset reliability and maintenance; resource optimization and scheduling; inventory control, purchasing, and contract management; operational accounting; reporting and analytics; capital project tracking; safety and regulatory compliance; and document control. The Synergen Series was named the 2003 MRO Gold Product of the Year by Plant Services magazine. Synergen’s customers include City of Anaheim, Canadian Forest Products, FMC BioPolymer, Louisiana Offshore Oil Port, MidAmerican Energy, New York City Department of Environmental Protection, Stepan Chemical, US Filter/Veolia Water and Westar Energy, among other capital-intensive organizations faced with asset, facility and fleet management challenges.

About GFI:
GFI Energy Ventures LLC (www.gfienergy.com) is a significant equity investor in established, industry-leading companies seeking capital for growth. Since 1995, GFI has originated more than 40 investments in successful companies that provide systems, software, equipment and services primarily to the utility industry and related sectors. GFI oversees a portfolio of companies with a market value in excess of $2 billion and is the co-general partner with Oaktree Capital Management, LLC of the $454 million OCM/GFI Power Opportunities Fund, L.P.

About Axiom Corporation:
Axiom is a leading systems integration and solutions firm that partners with clients and best-of-breed software providers to achieve superior performance through the use of information technology. Axiom provides a full range of consulting, implementation, integration and development services for the Utility industry, Transportation industry, State and Local Government and the Federal Government. In addition to integration services, Axiom provides a customer information solution that delivers integrated resource and financial planning, mapping and reporting through Synchro; and satellite and wireless Computer Aided Dispatch, Scheduling and AVL computing solutions for the utility industry through Mobility, the mobile workforce solution. Axiom has office locations in Atlanta, Georgia; Columbia, South Carolina; and Washington, DC. For more information, visit www.axiom-corp.com / www.mobility-inc.com.

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