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Journyx Acquires Buzzword Technologies

Austin-based computer consulting firm to bolster technical support and professional services for Journyx

AUSTIN, Texas, USA — January 16, 2001 — Journyx, the established leader in workforce management applications, has acquired a majority of the assets and employees of Austin-based Buzzword Technologies, a computer consulting firm specializing in technology systems and network infrastructure support. The acquisition will serve to augment the technical support and professional services functions for Journyx to keep up with growing market demand for the Journyx Timesheet^TM family of solutions.

"As our relationship with Journyx progressed, it became clear that the market demand for their products was simply exploding," said Scott Whitney, former CEO of Buzzword. "We were having success as a stand-alone company but this was an excellent opportunity to join a dynamic and profitable organization headed in the right direction."

"We have worked closely with these individuals for some time now," said Journyx President Bill Leake. "After seeing firsthand their capabilities, acquiring the talent on a permanent basis was a natural next step for us. It will strengthen our technical support and professional services as we continue our rapid corporate expansion."

About Journyx, Inc.
Journyx is fundamentally transforming how people do their daily jobs, by automating labor-intensive, paper-based processes with a superior, web-based solution. Founded in 1996, Journyx makes e-business workforce management software and has thousands of customers worldwide.

Journyx is a privately held company based in Austin, Texas, and created the 68% market share leading application in the web timesheet space, Journyx Timesheet. Journyx solutions are available both on an ASP and a standard license basis. Journyx maintains a worldwide presence through its corporate web site at http://www.journyx.com.