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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 (824)	4/2/2002 11:37:31 AM
From: Gilbert Drapeau	Read Replies (1) of 843

COGNICASE Acquires CYME International Inc., Highlights Commitment to Pursuing Opportunities in Energy Vertical MONTREAL, QUEBEC--APRIL 2, 2002 - 10:51 EST COGNICASE Inc. (TSE: COG, NASDAQ: COGI), an innovative IT solutions provider specializing in the development and integration of transactional solutions, today announced the closing of its acquisition of CYME International Inc. CYME is a world-wide supplier of high-quality PC-based power engineering software applications with clients in over 100 countries. It is also a licensee and partner in software development with a number of other organizations including Hydro-Quebec. COGNICASE's Chairman of the Board, President and CEO Ronald Brisebois, stated "CYME's reputation and global reach in the energy vertical will complement our existing offerings as well as provide additional cross-selling opportunities. The critical mass building up in this vertical will further strengthen our positioning in this sector and will make us a dominant player." 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 CYME International CYME International is a major supplier of Electric Power Engineering Software with clients in some 100 countries.

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