Informission Group Inc. Signs Major Software Distribution Agreement for Latin America
1998/08/19
MONTREAL, QUEBEC--Informission Group Inc. announced today it has
signed an agreement with DTS Software Latin America Inc. to
distribute its RECYC2000( solution as well as its
RECYC-ENTERPRISE( set of tools, through its extensive sales
network in Latin America.
DTS Software Latin America Inc. is one of the largest distributors
of programming tools for corporate systems development and
maintenance with U.S. $28 million in sales in 1997. DTS has
offices in seven South American cities: Buenos Aires (Argentina);
Sao Paulo, Rio de Janeiro, Porto Alegre (Brazil); Santiago
(Chile); Bogota (Colombia); and Caracas (Venezuela).
The software re-engineering market is growing exponentially in
Latin America, especially with the impending arrival of the
millennium bug. In the Year 2000 domain alone, the size of the
Latin American market is estimated by industry experts to be 3.5
times greater than the Canadian market and equal to one-third of
the US market.
"This agreement is another stepping stone in the execution of
Informission's growth strategy. Through alliances with software
distributors that have their own well established distribution
networks, Informission is able to move quickly to solidify its
position in new markets," stated Jacques Topping, CEO and
president of Informission Group Inc. "Our goal is to make
RECYC-ENTERPRISE (tm) an industry leader in the USA, Europe and in
Latin America in the near future."
"Bringing Informission products and services to our corporate and
government customers is in keeping with DTS's mission to offer the
best array of application development solutions (AD solutions),"
said Fernando Parra, founder, president and CEO of DTS Software
(www.dtslatin.com), the leading value-added distributor of AD
solutions in Latin America.
"Customers who rely on DTS for products and expertise to meet
mission-critical objectives now have access to Infomission's
unique, proven solutions, whether they want to work toward Y2K
compliance on their own or with expert external services. As the
leader in all markets we serve," Parra said, "DTS is proud to be
chosen as Informission's partner in Latin America."
RECYC-ENTERPRISE represents Informission Group's flagship product
for legacy system modernization. It includes several modules:
- RECYC2000, a leading solution addressing the Year 2000
conversion problem;
- RECYC2000-AUDIT, created for companies who wish to ensure their
conversion work is Year-2000 compliant;
- RECYC-EURO, designed to address the transition to a single
European currency;
- RECYC-ASSIST, a new tool which helps renovate and test
applications in a Year-2000, Euro, or other projects requiring
major changes to an application; and
- RECYC-WEB OBJECTS FACTORY, a software product oriented towards
modernizing legacy systems and enabling faster and smoother
transitions to Web-based applications.
DTS Software Latin America Inc.
DTS Software Latin America Inc. is one of the largest distributors
of programming tools for corporate systems development and
maintenance. The Company is a market leader in two distinct areas:
application development solutions for corporate system development
and maintenance, and end user products involving a line of editing
support tools for the Portuguese language. DTS Software Latin
America Inc. reported sales of $28 million US in 1997 which
represents a 33 per cent increase over the previous year.
Informission Group Inc.
Informission Group Inc. is an information technology company
providing innovative and cost-effective solutions for development,
migration and conversion of information systems. The company
offers proprietary re-engineering and telecommunication software
products as well as system integration solutions. Informission
Group's revenues reached $13.9 million in fiscal 1997. Revenues
for the six months ending May 31, 1998, were $13 million, compared
to $5.2 million for the same period last year which represents a
250 percent increase. This growth in revenues is accompanied by an
increase in earnings of 573 percent to $1.7 million and earnings
per share were $0.17 compared to $0.03. Last year, Informission
Group was selected one of the 50 best-managed private companies in
Canada by Arthur Andersen and the Financial Post. The Company was
certified ISO 9001 in 1995. |
