To: gerald tseng who wrote (12124 ) 6/30/1998 8:37:00 AM From: P. Ramamoorthy Respond to of 13949
SPNSF - adding EMU business to its year 2000 biz.biz.yahoo.com "C2i Solutions to Offer Euro Software Solutions in Partnership with Sapiens International Corp. C2i Enters $150 Billion Euro Transition Market SAN DIEGO--(BUSINESS WIRE)--June 30, 1998--C2i Solutions Inc., (NASDAQ:CTWO - news) a provider of integrated Year 2000 and European Monetary Union (EMU) computer solutions, today announced that it has formed a three-pronged relationship with Sapiens International Corp. (NASDAQ:SPNSF - news) which recently launched Euro conversion software, Sapiens-Euro. C2i Solutions has licensed Sapiens-Euro from Sapiens to enable C2i to undertake Euro-conversion services. C2i will also serve as a sales representative for Sapiens' Euro-Virtual-Machine Software. Lastly, C2i will engage Sapiens as a subcontractor to provide services to C2i Solutions' clients. ''The EMU conversion challenge is not unlike the Y2K challenge facing the world today,'' said John Whalen, president and chief executive officer of C2i Solutions. ''The addition of Sapiens-Euro to the C2i toolshed opens up a new $150 billion market for C2i.'' Sapiens-Euro is an integrated set of software tools, documentation, and methodologies that address the entire Euro conversion lifecycle, including assessment, analysis, configuration mapping, wrapping, data and code conversions, re-engineering, project management and testing and also includes Sapiens' ''Euro- Virtual-Machine'' (''E-V-M''). In May 1998, the eleven member states of the European Monetary Union (EMU) formally announced a plan to adopt a single European currency, the Euro, by 2002. E-V-M is designed to enable C2i to provide an effective bridging solution for companies who must modify their single-currency systems to behave as dual currency systems during the three-year transition period to a single European currency. ..." Ram