Parallax Capital Partners Selects Benemax as Employee Benefits Provider for Portfolio Company Agilysis


MEDFIELD, Mass., June 3 /PRNewswire/ -- Parallax Capital Partners, an
Irvine, Calif.-based firm specializing in technology acquisitions and
investments, has once again turned to Benemax to provide the employee benefit
package for its latest acquisition, a spin-off of Systems and Computer
Technology Corp. (SCT) of Malvern, Pa.

The new company, called Agilysis, develops software for process
manufacturers and opens for business today with 250 employees. "Agilysis is
our sixth portfolio company with benefits by Benemax," said Lisa Hale,
managing partner responsible for human resources for Parallax Capital
Partners.

The comprehensive health, dental, life insurance, disability and long-term
care benefit package is more generous than the benefits under the corporate
parent, yet costs 25 percent less.

"Corporate divestitures demand rapid response once the deal closes," said
David Cowles, co-founder and executive vice president of Benemax. "Benemax's
agility assures that a first rate benefit package is in place on day one,
enabling the new company to retain and attract top talent."

As with Parallax's other portfolio companies, plans designed by Benemax
ease employees' concerns about the continuity and scope of their health and
retirement benefits under new management. "An acquisition is a stressful time
for employees," Hale acknowledged. "Because of their extensive industry
knowledge and innovative approach, Benemax develops benefit packages that
offer the best value and meet the specific needs of each company. Along with
that, Benemax provides exceptional customer service. Employees can
concentrate on their role in the new company and its success in the market."

About Parallax Capital Partners
Parallax Capital Partners, LLC (http://www.parallaxcap.com), based in Irvine,
Calif., is a private firm that dedicates its resources to the acquisition and
management of technology related businesses with revenues between $10 million
and $100 million. Parallax and its partners have participated in over 200
transactions ranging in size from $5 million to over $1 billion.

About Benemax
Benemax, based in Medfield, Mass., (http://www.benemax.com) was founded in 1985
and manages employee benefits for clients ranging from start-ups to divisions
of Fortune 100 companies. The company designs and administers attractive yet
highly cost-effective employee benefit packages, including defined
contribution health and dental plans.

Contact:
KOGS Communication
Edna Kaplan
781.639.1910
kaplan@kogspr.com

Lisa Jacobson
617.497.0193
ljacobson@kogspr.com