COGNICASE Enhances Software Offering to Financial
Institutions with Acquisition of Zero Base
MONTREAL, QUEBEC, CANADA--MARCH 4, 2002 - 14:59 EST
COGNICASE Inc. (TSE: COG, NASDAQ:
COGI), an innovative IT solutions provider specializing in the
development and integration of transactional solutions, today
announced the acquisition of Zero Base Inc., a software developer
of treasury systems for foreign exchange applications used by
banks, brokers and corporate clients.
Zero Base has designed and marketed a software suite for
electronic trading. This integrated solution handles front and
back office requirements for the foreign exchange and fixed income
markets. Financial institutions can manage the risks, operations,
payments and accounting associated with such transactions. The
software is currently used by more than a dozen major financial
institutions all over the world.
"The acquisition of Zero Base enhances our software offering for
financial institutions," declared Ronald Brisebois, COGNICASE
Chairman of the Board, President and CEO. "We will also have the
opportunity to offer our existing solutions and software to Zero
Base's clients in Canada and the U.S."
"We are very pleased to be joining COGNICASE, whose expertise in
the area of financial processing products and services is
well-known," stated Steve Coronel, President of Zero Base. "By
combining our software, financial institutions will have the means
to better serve their clients and to provide them with accurate
financial information in real time."
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 Zero Base Inc. Zero Base Inc. is a company specialized in
treasury systems for foreign exchange applications used by banks,
brokers and corporate clients. Zero Base has offices in Montreal
and Bangkok. |
