Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (653)	6/18/1999 12:39:00 AM
From: airborn	Respond to of 843

This company seem's to be a thriving business, WHY is it that the market place does not recognize that, when will they be announcing their next quarter and will it be positive as usual?

To: Gilbert Drapeau who wrote (653)	6/22/1999 8:59:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 843

COGNICASE Chooses Calgary as its Western Canada Headquarters - Montreal Based IT Solutions Company Plans Aggressive Western Expansion JUNE 22, 1999 CALGARY, ALBERTA-- Recently acquired Korum Technologies to form COGNICASE Calgary base of operations COGNICASE Inc. (Nasdaq: "COGI"), one of Canada's fastest growing information technology and software solutions companies, today announced it has chosen Calgary as its new base of operations to lead its expansion into western Canada. The company also announced that it will rename its recent acquisition, Korum Technologies, under the COGNICASE brand. "Our new western Canada headquarters will allow us to better support and serve our customers as we expand our business to the west," said Ronald Brisebois, president and chief executive officer of COGNICASE. "Calgary is a growing centre for high technology and IT services. For this reason, we feel Calgary and COGNICASE are a natural fit." Incorporated in 1996, Korum Technologies is a Calgary based consulting firm specializing in information technology. With more than 30 consultants, Korum's strong Calgary based client list includes Amoco Canada, Pan Canadian, Computing Devices Canada, and The City of Calgary. In its second year of business, Korum billed over $3 million. "This acquisition marks the beginning of a new era - we are excited to be part of COGNICASE's plans for growth in Calgary and across western Canada, " said Ashley Burns, former chief executive officer of Korum Technologies and Calgary general manager for COGNICASE. "This deal benefits both our companies. Our clients will now benefit from COGNICASE's complete service offering. It is a win-win situation." The Montreal based company plans to rapidly expand the Calgary office over the next 12 months. Over the past year, COGNICASE has grown rapidly throughout Canada and Europe. "Our Calgary expansion will be generated through further acquisitions and organic growth," said Gilbert Boileau, executive vice president, North America of COGNICASE. "Our model of success in Montreal, Ottawa and Paris has been to identify attractive acquisition targets and merge them with COGNICASE - enabling us to offer a comprehensive suite of IT services and software solutions." "To succeed in attracting large scale IT projects in Calgary, COGNICASE will need a critical mass of talent. We recognize the requirement to expand rapidly," added Mr. Boileau. On April 29, the company announced its revenues increased by 249 percent to US$36,028,000 in the second quarter of fiscal 1999 compared to US$10,319,000 in the corresponding period in 1998. During the second quarter and subsequently, five acquisitions were completed, three in Canada and two in France. The aggregate annual revenues of these five companies prior to acquisition totalled about US$40 million. Since its initial public offering in fall of 1997, COGNICASE has made 14 company acquisitions. About COGNICASE Inc. Founded in 1991, COGNICASE is an international provider of value-added information technology consulting services, solutions and software. The company offers a full range of IT solutions including complete and partial outsourcing, WEB/E-commerce development, ERP implementation, client/server application development, network architecture, management and development of client/server software, Web-based development tools, as well as software for automated internet application conversion and platform migration. The company has over 2,300 professionals serving customers from offices located in 15 cities in North America, Europe and Australia.