iGrafx Announces Appointment of Teesee Murray as Chief Executive Officer

iGrafx, a worldwide leader in digital business transformation and process management, announces today the appointment of technology executive Teesee Murray to Chief Executive Officer. With over 30 years of experience, Ms. Murray brings to iGrafx a consistent track record for launching disruptive new technologies to the enterprise cloud market and driving sustainable revenue growth for a variety of software companies. iGrafx solutions are part of the $6.8 trillion digital transformation market growing annually at 15.5 percent.¹

Ms. Murray brings significant go-to-market success to iGrafx. At global ERP company Epicor, she set new sales records, created new partnership ecosystems, and delivered growth in all product lines that she led. At multi-billion-dollar global software company Infor, she led the team's transition to cloud, driving unprecedented cloud sales while launching new products and designing a new GTM strategy to serve larger customers.

"Teesee is a transformational leader, as evidenced by her proven ability to take complex legacy businesses to a SaaS model," said Darryl Lewis, Operating Partner at Banneker Partners, and member of the Board of Directors at iGrafx. "Teesee's experience, vision, and deep market expertise make her the ideal choice to lead iGrafx in creating the next generation of business process management solutions for a larger and more diverse marketplace. As the company announces new offerings and new partners, her demonstrated proficiency at launching products and fostering revenue-generating alliances will be vital for the company's next phase of growth."

This year marks the 30th anniversary of iGrafx. Ms. Murray's appointment comes at a critical time as the company invests in all areas of the business to speed product innovation and delivery. The company delivers business process management (BPM) solutions to the largest companies in the world ? particularly those in heavily regulated markets where process management and compliance are critical functions.

"I am humbled to join iGrafx during this exciting phase and look forward to spending time with our steadfast customers and prospective clients to identify ways in which we can enhance iGrafx's product roadmap and architecture to best serve their needs," said Murray. "We believe the right process is a competitive advantage and iGrafx has established itself as a clear market leader, as evidenced by its success and market recognition. I plan to build on that success with a strong focus on delivering more value to customers in the markets we currently serve and the industries into which we will expand."

Ms. Murray replaces Andrew McFarland who successfully completed the transition of the sale of iGrafx from private investment firm Lone Rock Technology Group to private equity firm Banneker Partners earlier this year.

More information about the company and today's announcement can be found at www.igrafx.com/ceo.

About iGrafx

iGrafx, a leader in Business Process Management, enables the world's largest enterprises to turn process into a competitive advantage. The iGrafx Platform captures and connects critical business operations for detailed analysis, modeling, and optimization. In today's competitive market, business leaders must align business objectives and IT systems, comply with industry regulations, automate business process, and identify and implement process efficiencies by undertaking initiatives such as RPA, Six Sigma and Lean. With iGrafx, businesses connect the dots across these efforts to deliver results, improvements, and increase return on investment. Learn more by visiting www.igrafx.com.

About Banneker Partners

Banneker Partners invests in growing enterprise software businesses to drive sustainable long-term value. Banneker takes a partnership approach to support founders and management teams to achieve their goals by implementing proven best practices and making additional investments across functional areas, including sales, marketing, product management, product development, professional services, and customer success, and we complement these growth initiatives with strategic acquisitions that are focused on enhancing customer value. For more information, please visit www.bannekerpartners.com.