4Front Technologies, Inc. Wins New E-Business Contract in Italy.Business Editors, Technology Writers LONDON--(BUSINESS WIRE)--March 22, 2000 Contract is 4Front's Largest Single E-Business Contract to Date; E-Business Order Book Approaching $3 Million 4Front Technologies, Inc. ("4Front") (Nasdaq NM/EASDAQ Symbol: FFTI FFTI Federazione Field Target Italia (Italian) FFTI Feel Free to Ignore ) today announced that 4Front Italy has won a new e-business contract worth approximately $650,000. With this contract 4Front's total e-business order book is now approaching $3 million, just over three months since 4Front announced its new e-business initiative. The contract won by 4Front Italy is with a consortium of leading Italian banks for the implementation of a global solution enabling the provision of online home banking and trading services. The contract is the first significant e-business contract won in Italy and is the largest e-business contract won by 4Front to date. This contract is also the first significant iPlanet implementation program undertaken since 4Front's new partnership with iPlanet was announced in February. iPlanet, an alliance between Sun and Netscape, estimates that it is the largest pure-play e-business software vendor in the world. Anil Doshi, Chairman and Chief Executive Officer of 4Front, said, "Our e-business initiatives are running ahead of plan. In a very short period of time, we have won a number of e-business contracts, with a total value of almost $3 million, in several European markets. From our well established base as a leading pan-European IT services provider we are rapidly developing powerful e-business service and solution capabilities and are well positioned to benefit from the rapid growth of the European e-business market." About 4Front Technologies, Inc. 4Front Technologies, Inc., is a leading provider and integrator of information technology, consisting of specialized computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. and web-based solutions, primarily to blue-chip corporations throughout Europe. 4Front's services and solutions include help-desk services, education services, network services, e-business and software solutions, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . 4Front's customers include General Electric, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , Lucent, Computer Sciences Corp., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Phillips, Nokia, Siemens, Sony, Cegedim, Renault, Pfizer, Paine Webber Paine Webber and Company was an American stock brokerage firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. , Societe Generale and the UK Ministry of Defence. Additional information on 4Front can be found on the Company's website at www.4fti.com. |
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