COGNICASE Pursues Strategic Development Strategy in the
U.S. in 2002: Acquires New Jersey-Based CTC Corporation
MONTREAL, QUEBEC--JANUARY 16, 2002 - 14:02 EST
COGNICASE Inc. (TSE: COG, NASDAQ: COGI) a
provider of advanced transaction processing solutions and
Internet-based applications today announced that it has acquired
the solutions and expertise resources of Piscataway, New
Jersey-based CTC Corporation (Cyber Tech Consulting), which
includes the solutions and expertise resources of TCC (The
Computer Consulting Company, USA).
This transaction will add a critical mass of technical resources
to COGNICASE 's U.S. operations along with strengthening its
solutions and project capability in the U.S. marketplace. CTC has
been in operation for six years and has earned a stellar
reputation for quality in the industry.
Ram Anbarasan, President of CTC Corporation, stated, "I believe
that the merger with COGNICASE is an excellent opportunity for our
clients and employees. Our clients now can expect a wide range of
leading-edge IT solutions from COGNICASE. We will be able to bring
to our clients the experience and the well-established
infrastructure of a world-class IT company. Our employees will be
able to work on many more project opportunities at a much larger
client base worldwide. We are excited about this merger and look
forward to a great future."
COGNICASE Chairman of the Board, President and CEO Ronald
Brisebois noted, "I am pleased with the strategic fit of this
acquisition, which will allow us to consolidate our operations in
the north-eastern U.S. It signals our determination to pursue
development opportunities in this market. We will be able to offer
our products and services to a broader range of clients and
strengthen our relationship with them."
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 Canada, the United
States and Europe.
About CTC Corporation
CTC is a rapidly growing IT firm dedicated to exceeding clients'
expectations. Fast response time, access to the world's finest IT
talent, and individualized attention to clients' needs have helped
CTC build a reputation as a "preferred Partner" with companies
worldwide. By focusing on four core functions-Technical
Resourcing, Project & Software Development, Education & Training,
and E-Commerce Services & Solutions-CTC helps your company bridge
the gap between today's requirements and tomorrow's vision. |
