Acquisition of CGL TEchnologies (Nov. 26/97)
After the Year 2000 Markets, New
Opportunities in Asia and the
Telecommunications Industry
Montreal, November 26, 1997
The Informission Group, renowned for its Year 2000
computer conversion solution and a partner of CGI and
IBM Canada, has just acquired CGL Technologies of
Montreal and its technological portfolio. CGL
Technologies specializes in the design of high-capacity
network management systems and real-time software, and
serves major telecommunications manufacturers such as
Nortel, from Canada, and Harris Farinon and Tellabs,
from the U.S.
Over the last two years, the Informission Group has
successfully carved out a place for itself in the
market for converting computer systems to the Year
2000, in North America, Europe and, more recently,
South America, thanks to the quality of its RECYC2000TM
solution. The Gartner Group research institute in the
U.S. has rated this technology one of the best in the
world for converting large-scale systems.
With the new century around the corner, the
Informission Group is now turning its attention to a
very promising technological sector, the
telecommunications industry. By pursuing this strategy,
it intends to strengthen its international presence in
new geographic markets.
Joining forces with IBM and CGI last year, to use our
RECYC2000TM solution, gave our marketing abroad a real
boost, especially in France,Italy, Spain and the U.S.,
says Luc Filiatreault, Vice President,Marketing and
Communications for the Informission Group.
The Informission Group has always relied on research
and development to produce tailor-made solutions for
its customers, and R&D is also CGL Technologies main
strength. Consequently, the acquisition represents a
strategic move for the Informission Group, one that
will allow it to combine its new partners skills with
those of its own R&D team and its experience in
international marketing. CGL Technologies has sales of
$2.2 million, but boasts exceptional technological
expertise, Luc Filiatreault emphasizes. With our
knowledge of foreign markets and our support network
abroad, he adds, we are preparing to make a strong push
into a young geographic market, and into a new and very
important technological niche.
The transaction is simply a first step for the
Informission Group in its drive to conquer new markets.
The company will soon announce the acquisition of two
other specialized companies, in order to strengthen its
position in the global market for information
technologies.
The Informission Group is also preparing a financing
strategy to boost its marketing in new economic and
geographic sectors. We are working hard to create new
business partnerships with private industry, in order
to continue our expansion, says Jacques Topping,
President of the Informission Group. We are also
looking at the possibility of going public and listing
our company on the Montreal and Toronto exchanges.
Exceptional growth
Since it was founded in 1985, the Informission Group
has consistantly demonstrated the flair,
entrepreneurship, know-how and professionalism that
have recently won it international recognition. It has
pulled out all the stops to raise its global profile.
The company was a member of Prime Minister Chr‚tien
trade mission to France in 1996, and of the mission to
South America led by Bernard Landry, Deputy Premier of
Quebec, in the spring of 1997, as well as Premier
Bouchard mission to France last fall.
All its efforts over the past year have paid off.
Thanks to its reliable and efficient RECYC2000TM
solution, the Informission Group is now active in six
re-engineering centres in France, Belgium, Italy and
Spain. The company also has a presence in Argentina.
In less than one year, the number of employees at the
Informission Group has soared from 130 to over 200 - a
60% increase. Its sales have kept pace over this
period, also rising by 60%, from $8 million to $13
million. It has offices in Quebec City, Montreal and
Saint-Laurent, as well as Los Angeles, California, and
plans to open a fifth office in Ottawa. The
Informission Group also has plans to introduce its
RECYC2000TM software in Germany, England and the
Netherlands.
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For information:
Luc Filiatreault luc.filiatreault@informission.ca
Vice-President, Marketing and Communication
INFORMISSION Group Inc.
(514) 843-2001
Jos‚e-Michelle Simard josee-michelle.simard@shc.ca
Jean-Marc Simard j.m.simard@shc.ca
Simard Hamel Communications
(514) 287-9811 |
