LGS Launches New Ecommerce Business Unit: Integrates Internet, Telephony and Security Technologies for the First Time
MAY 5, 1999 MONTREAL, QUEBEC--(NASDAQ: LGSA) - LGS Group Inc., one of Canada's largest information technology and management consulting firms, today announced the formation of a new electronic commerce business unit called Ecommerce+. The new unit will take a unique approach to Ecommerce, integrating the company's world-class capabilities in Internet, telephony and security technologies. With 175 employees across Canada and a large number of global customers in place, Ecommerce+ represents a strategic expansion for LGS. Headquartered in Montreal, LGS has built on its existing Ecommerce experience by recently acquiring companies specializing in Internet, telephony and security technologies, and is now joining these capabilities into one entity. Brian Cott, formerly President of CallPro, will head the new business unit and will serve as Vice President and General Manager "With the launch of Ecommerce+, LGS is leveraging its 20 years of experience designing and managing corporate information systems, to provide a totally integrated electronic commerce solution," said Raymond Lafontaine, President, LGS Group Inc. "We're marrying the existing world of legacy data systems to the emerging world of electronic transactions to help organizations better interact with their customers, partners and suppliers." While most organizations continue to approach Ecommerce as Internet-focused or simply consider telephones when it comes to call centres, Ecommerce+ takes a much broader approach. Ecommerce+ is driven by the belief that the convergence of telephony and the Internet is essential for conducting business and should be viewed as one, total means for interaction, facilitated in a secure environment. "We believe Ecommerce is more than just buying and selling on the Internet," said Brian Cott, Vice President and General Manager, Ecommerce+. "Customers should be able to conduct business with an organization in a way that is most convenient for them - with the choice of multiple channels of access. With Ecommerce+, we can now offer this unique ability to organizations around the world." Ecommerce+ has developed a number of core, integrated Ecommerce solutions that can be customized to address specific business and marketplace needs. Built using reusable frameworks, Ecommerce+ solutions are designed to help organizations improve relationships with customers, reduce transaction costs and take advantage of new delivery channels. This framework-based approach to solution delivery will allow clients to launch their Ecommerce initiatives faster and more cost-effectively. Some of these solutions include: - CommerceCentre(TM) - A fully integrated call centre with multimedia capabilities, allows an organization to conduct business regardless of the medium used. - Track & Trace(TM) - Allows customers to monitor online the delivery status of parcels, trouble-tickets, orders, etc. - Eprocurement(TM) - Enables organizations to interact online with suppliers for procurement of products and services - Trade Xchange(TM) - A web-based system to support trading of products and services "Ecommerce+ truly is a unique solutions provider in the markets that we serve and we believe that our combination and level of expertise will continue to set us apart," said Mr. Cott. A business unit of LGS Group Inc., Ecommerce+ provides secure Internet and telephony solutions that help organizations better manage their interactions with clients, suppliers and partners. It brings together the world class specific expertise of Domus in security, CallPro in applied telephony, Ecommerce in internet and LGS in consulting, systems integration and project management. LGS Group Inc. (LGSA at NASDAQ, LGS.A at ME) is one of Canada's largest information technology consulting firms specializing in management and systems integration. With annual sales exceeding $134 million in the last financial year and $160 million in the current nine months, LGS employs approximately 2,200 professionals in 19 offices in Canada, the United States and Europe. The company is active in most areas of the private and public sectors. This release may contain forward-looking statements that involve risks and uncertainties which might cause the actual results to differ materially from those projected. Potential risks and uncertainties include the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, and competition. These risks and uncertainties are discussed under the heading "Risk Management" in the Company's Annual Report. |