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Technology Stocks : 4Front Technologies - FFTI

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To: Juster who wrote (381)7/20/1999 8:21:00 AM
From: JakeStraw  Read Replies (1) of 457
 
Made2Manage Systems Partners with 4Front Technologies for Pan-European Distribution of Software Solutions

Partnership Provides Made2Manage with Significant International Presence and Strengthens 4Front's Software Offerings.

INDIANAPOLIS, July 19 /PRNewswire/ -- Enterprise business system provider Made2Manage Systems Inc. (Nasdaq: MTMS - news) announced that 4Front Technologies Inc. (Nasdaq: FFTI - news), a leading provider of information technology and outsourcing solutions, will become the European distributor of Made2Manage's enterprise business system for small and midsize manufacturers. Sales are planned to commence in early 2000 following the two companies' joint development work to adapt the Made2Manage product for the European market.

''One of our goals for 1999 was to break into and seize a leadership position in the European enterprise business systems market. According to AMR Research, the European market will continue to grow at a CAGR of 30 percent for the next four years while maintaining one-third of the total worldwide license share,'' explains David B. Wortman, President and CEO of Made2Manage Systems Inc.

''This confirms our own assessment that the time is right for Made2Manage to stake a claim to our market space on the European stage. This being the case, we're pleased to announce that 4Front Technologies Inc. will become the European distributor of Made2Manage's enterprise business system for small and midsize manufacturers. 4Front is a leading provider of information technology solutions throughout Europe.''

Anil Doshi, Chairman and CEO of 4Front, said, ''We believe that Made2Manage's products have great potential in the rapidly expanding European computer services market. It has been one of our stated goals to strengthen our software activities as part of our overall target of broadening 4Front's range of offerings and improving overall operating margins. This agreement is among the first steps in our plan to fulfill this goal. We are working to add other software offerings, with an emphasis on enterprise and e-commerce related software, in response to the requirements of our large pan-European customer base.''

Notes to editors:

4Front Technologies Inc. is a leading provider of information technology and outsourcing solutions, which consist of specialized computer services and complementary products, primarily to blue-chip corporations in the United Kingdom and, to a growing extent, Continental Europe. 4Front's services and solutions include hardware maintenance, help desk support, training, network services, specialized software services and products and the supply of high- end storage systems. 4Front's customers include British Petroleum, British Telecom, Telecom Italia, Computer Sciences Corp., Dupont, IBM, Cegedim, Renault, Energis, Pfizer, Cariplo, JP Morgan and the UK Ministry of Defence. Additional information on 4Front can be found on the company's web site at www.4fti.com . 4Front can be reached via fax 011-44-171-269-5843 or by calling 011-44-171-269-5845.

Made2Manage Systems Inc. develops markets and supports fully integrated, Microsoft Windows-based enterprise business systems for manufacturers. The company's principal product, Made2Manage®, is designed specifically for use by small and midsize manufacturers on the Microsoft Windows NT and BackOffice platform. With more than 1000 customer sites in the United States and Canada, Made2Manage serves a broad range of industries, including fabricated metal products, industrial machinery and equipment, computer and office equipment, transportation products, and rubber and plastic products. Made2Manage products are available directly from the company and through a network of value-added resellers.

Information on Made2Manage products and services can be found at made2manage.com . Made2Manage can be reached via e-mail at info@made2manage.com, via fax at 317-872-6454 or by calling 800-626-0220.

SOURCE: Made2Manage Systems Inc.
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