PYXiS Software Group Acquires MyMediaBox and enters new Vertical

Toronto, Ontario, October 19, 2012 – PYXiS Software Group ("PYXiS"), a division of Jonas Software, announces the acquisition of MyMediaBox, marking the entry into a new vertical market. MyMediaBox is a leading provider of affordable, intuitive and flexible hosted, online business applications (software-as-a-service), for digital asset management, style guide asset delivery and product approvals workflows for the Consumer Products and Television Distribution industries.

Barry Symons, CEO of PYXiS Software Group's parent company, Jonas Software, commented “We are always excited to add an industry leader to our organization, as well as expand our reach into new markets. In this case, Consumer Product Licensing” Barry continued by saying “The MyMediaBox acquisition expands PYXiS’ reach into this new and exciting vertical, further we see the potential to work with the talented team at MyMediaBox to help them continue to grow within their industry.”

About MyMediaBox

MyMediaBox is a leading provider of affordable, intuitive and flexible hosted, online business applications (software-as-a-service), for digital asset management, style guide asset delivery and product approvals workflows for the Consumer Products and Television Distribution industries.

About PYXiS Software Group

PYXiS Software Group, a division of Jonas Software, is a buy-and-hold forever acquirer of vertical market software businesses. PYXiS operates independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets.