Acquisition of Artefact Informatique Inc.
JANUARY 22, 1998
LGS Adds to its Expertise in the Health Field by Buying
Quebec-Based Artefact
MONTREAL, QUEBEC--LGS Group Inc. is pleased to announce that it
has acquired Artefact Informatique Inc., a Quebec City firm active
in clinical and administrative systems for outpatients and
management of home care processes for the caregivers involved.
The transaction is subject to approval by regulatory authorities.
Created in 1993, Artefact, which will continue to operate under
its current name, has 17 employees and provides consulting,
development and integration services. The company is expected to
generate approximately $1.3 million in revenue during their
current fiscal year. Principally serving CLSC's (Community
Centers for Health and Social Services), Artefact should see a
considerable increase of their clientele with the shift to
outpatient and home care.
According to its President, Christian Daigle, "this association
with LGS, with its breadth of expertise, will allow Artefact to
attack the market more aggressively and grow more rapidly."
Following the Board of Directors' decision to ratify this
acquisition, Raymond Lafontaine, President of LGS, declared that
"the health care sector is undergoing profound changes in its
business processes, a situation which will call for a major
upgrade of information management systems. Already offering
solutions of this nature to hospitals, LGS will now provide the
necessary solutions to serve health care centers such as CLSC's in
addition to its existing solutions for hospital management. The
acquisition enhances our existing health care business and
broadens our spectrum of services in the health care market. Now
offering a complete range of effective solutions, LGS is better
positioned to gain a significant part of the health care market,
one of the company's principal areas of focus in its corporate
growth strategy."
LGS Group Inc. is an international information technology service
firm, headquartered in Canada and specializing in systems
integration and management consulting. LGS, whose annual sales
exceed $100 million, is a major Year 2000 transformation provider
and employs approximately 1,400 professionals located in 15
offices in Canada and Europe.
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FOR FURTHER INFORMATION PLEASE CONTACT:
LGS Group Inc.
Raymond Lafontaine
President
(514) 861-3800
raymond_lafontaine@lgs.ca
lgs.com
or
LGS Group Inc.
Andre Gauthier
Senior Executive Vice President
(514) 861-3801
andre_gauthier@lgs.ca
or
Murdock Capital Partners Corp.
Thomas M. Dean
(212) 421-2545
innores@aol.com
or
CGE Communication Group
Clement C. Gagnon
(514) 987-1455
cge@cgecom.com
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FOR: LGS GROUP INC.
ME SYMBOL: LGS.A |
