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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions
COGI 4.550+8.3%Jul 18 5:00 PM EST

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To: Gilbert Drapeau who wrote (803)11/12/2001 1:42:56 PM
From: Gilbert Drapeau  Read Replies (1) of 843
 
COGNICASE Inaugurates its Application Services Technology
Centre: Investment of $25 Million

MONTREAL, CANADA--NOVEMBER 12, 2001 - 12:01 EST
COGNICASE (Nasdaq: "COGI"), a provider of
advanced transaction processing solutions and Internet-based
applications, today inaugurated its Application Services
Technology Centre, under the honorary presidency of Quebec Deputy
Prime Minister and Minister of State for the Economy and Finance
Pauline Marois. These world-class installations guarantee the
security and performance of the IT systems of clients from Quebec,
Canada, and the north-eastern U.S.

To ensure the smooth operation of this state-of-the-art centre,
COGNICASE has already hired some 150 hosting, security and network
specialists and invested $25 million, of which more than half is
earmarked for infrastructure and security.

"We are particularly proud to be inaugurating these installations,
which will contribute significantly to our growth," stated
COGNICASE Chairman of the Board, President and CEO Ronald
Brisebois. "In addition to our advanced IT expertise, the
Application Services Technology Centre's multidisciplinary teams
have an in-depth knowledge of business issues and processes. This
makes them ideally suited to help our clients achieve concrete,
measurable results."

$320 million in transactions per year

Each year, COGNICASE's clients carry out more than 320 million
transactions for a total value of more than $312 billion. The
security, availability, and confidentiality of these exchanges
requires equipment that meets extremely strict technical
standards. The Application Services Technology Centre has
uninterruptible power supply systems, contingency plans and
procedures for off-site storage of back-up files, access control
via swipe cards and permanent video surveillance, etc. Moreover,
a call centre provides clients with quick and personalized service
for all help requests 24 hours a day, 7 days a week.

"Companies are increasingly aware of the importance of making
their IT systems secure," explained Brisebois. "They also need to
reduce their management costs. That's why all our products and
services can be delivered via outsourcing or in ASP mode. This
allows business of all sizes to benefit from cost-effective
solutions to more effectively manage their infrastructure and
their enterprise resources and relationships."

About COGNICASE

COGNICASE (TSE: "COG", Nasdaq: "COGI") is an IT products and
services provider specializing in advanced transaction processing
and Internet-based applications. Relying on its results-driven
approach, its software and technology and its Application Services
Technology Centre, COGNICASE offers secure and scalable solutions
that contribute to its customers' economic success in the age of
the new economy. The Company is active in several countries,
including Canada, the United States, France, Spain, Belgium, and
the Netherlands.
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