SOURCE: Chordiant Software, Inc.

May 04, 2005 16:30 ET

Chordiant Announces Management Change

CUPERTINO, CA -- (MARKET WIRE) -- May 4, 2005 -- Chordiant Software, Inc. (NASDAQ: CHRD) today announced the resignation of its President, Don Morrison, who will be leaving the Company to join a Silicon Valley venture-backed technology company as their Chief Executive Officer. Mr. Morrison will transition his responsibilities through June 2005.

"Don Morrison has been a significant contributor to Chordiant over the past eight years, serving in a wide variety of senior level roles," said Stephen Kelly, Chordiant CEO. "His knowledge of Chordiant's markets and products were instrumental in moving the Company to the levels it has achieved today. We will miss Don's great enthusiasm, commitment and energy to building the Company and wish him well in his new venture," Kelly stated.

With Mr. Morrison's departure, the engineering, marketing and product development functions will now report directly to Stephen Kelly, Chordiant CEO.

Mr. Morrison joined Chordiant in 1997 and served in several management positions including vice president of worldwide field operations and executive vice president of products and marketing. He was named president in January 2004, with responsibilities for Chordiant's product strategy and product management, research and development, engineering, global alliances, marketing, customer support functions and mergers and acquisitions.

About Chordiant Software, Inc.

Chordiant Software automates the end-to-end operational business processes that enable the business from the back-office systems, existing applications and processes through to the communications with customers.

Chordiant Solutions combine powerful business process management technology with your business processes for multi-channel applications in marketing, decision management, the contact center, and retail channels, including self-service. The solutions provide end-to-end, process-driven applications, encompassing a single view of the customer, delivered through a role-based desktop. The solutions integrate with existing systems and data thereby leveraging current assets. Chordiant Services enable rapid and successful implementations by reducing risk, increasing return on assets and lowering total cost of ownership.

Headquartered in Cupertino, California, Chordiant maintains offices in Boston, MA; Mahwah, N.J.; Manchester, N.H.; New York City; London; Paris; Amsterdam; and Munich.

Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

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