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

To: Gilbert Drapeau who wrote (648)	6/2/1999 9:48:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 843

COGNICASE Strenghthens Expertise in Web/E-Commerce Architecture and Outsourcing Through Acquisition of Roy,Bourassa & Associes Inc. JUNE 2, 1999 MONTREAL, QUEBEC--COGNICASE Inc. (Nasdaq: "COGI") announces that it has completed the acquisition of ROY, BOURASSA & ASSOCIES INC., an information technologies (IT) consulting firm with offices in Quebec City, Montreal and Toronto, Canada, with sales of 20 million dollars (US$ 13 million) and more than 250 IT professionals. The company specializes in WEB/E-commerce architecture, mainframe and client/server operations and support, as well as in implementation and management of large networks. "Founded in 1985, ROY, BOURASSA is a profitable and rapidly growing IT firm holding a favourable position in the Quebec City and Montreal markets," stated Ronald Brisebois, President and Chief Executive Officer of COGNICASE. "This will strengthen our offices in Montreal, Quebec City and Toronto, adding to our growing base of outsourcing and support contracts in mainframe and client/server. This acquisition also adds to COGNICASE's critical knowledge in WEB/E-commerce architecture and call centre expertise". ROY, BOURASSA's main customers include Desjardins Group, many Quebec government departments, National Bank, Ing Canada and Teleglobe. Gerald Bourassa, President of ROY, BOURASSA, added: "COGNICASE will help us achieve stronger growth. This will increase our ability to offer our customers a wider range of services by adding important complementary delivery capabilities in software development, WEB/E- commerce, ERP implementation, network architecture, outsourcing and reverse engineering. The greater critical mass will optimize our infrastructure and enable us to undertake projects on a much larger scale". Founded in 1991, COGNICASE is an international provider of value- added information technology consulting services technology, solutions and software. The company offers a full range of IT solutions including complete or 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. Following this acquisition, the enterprise will have over 2,300 IT professionals serving customers from offices in 15 cities in North America, Europe and Australia. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (US), which involve risks and uncertainties. As a result of a number of factors, including factors that the Company may not currently foresee, the Company's actual results could differ materially from those set forth in the forward-looking statements. Certain other factors that might cause the Company's actual results to differ materially from the forward-looking statements include the Company's ability to (i) successfully develop additional products and services and new applications for its existing products and services and otherwise respond to rapid changes in technology, (ii) successfully compete in its industry for customers and developers and other personnel with expertise in information technology, (iii) successfully identify and consummate acquisitions on favorable terms and integrate ROY, BOURASSA or any other acquired businesses, and (iv) successfully manage its growth and changing business, as well as those factors set forth under the heading "Risk Factors" in its 1998 annual report.