COGNICASE Targets Toronto Financial Sector With
Acquisition of Radius Information Systems Ltd.
MONTREAL, CANADA--MAY 30, 2001 - 08:14 EDT
COGNICASE Inc. (Nasdaq: "COGI"), a leading
e-business services provider specializing in secure and scalable
real-time transactional solutions, announced today the acquisition
of privately owned RADIUS Information Systems of Toronto. The
company specializes in the integration of information technology
solutions in the financial sector.
This acquisition strengthens COGNICASE's positioning in the
Toronto market and completes its global offering. The company
will benefit from the solid business relationships between Radius
and its major financial sector clients as well as its business
partners.
"We are actively pursuing our growth strategy for the Toronto
market by focusing on the financial sector. COGNICASE already has
significant expertise in this field and will build upon this
expertise by offering its services to Toronto-area financial
institutions," declared Ronald Brisebois, COGNICASE's President
and CEO.
"We are delighted to join the COGNICASE family. Its reputation,
expertise, and technological innovation will open up new horizons
and allow us to reach our growth objectives more quickly," stated
Dale Fisher, President of Radius.
About COGNICASE
COGNICASE is an innovative company specializing in the development
and integration of real-time transactional solutions. Relying on
its results-driven approach, software and technology, and its
international Internet engineering and hosting centre, COGNICASE
offers secure and scalable solutions that contribute to the
success of its customers in the age of the new economy. The
Company is active in several countries, including Canada, the
United States, France, Spain, Belgium, the Netherlands and
Australia.
About RADIUS
Radius is a private company founded in 1991 specializing in the
integration of information technology solutions. The company has
experience in the financial, pharmaceutical, and manufacturing
sectors. The Radius team is made up of recognized professionals
in the areas of consulting, business analyses, project management,
software development and business intelligence. |
