COGNICASE's New Acquisition Strengthens Internet Offering.Business Editors MONTREAL--(BUSINESS WIRE)--June 26, 2001 COGNICASE (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COGI COGI Coalition on Government Information (also known as the Minnesota Coalition on Government Information, or MNCOGI; promotes open access to public records) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG.) COGNICASE Acquires Personus, Leading Online Strategy and Implementation Firm COGNICASE Inc. (Nasdaq: "COGI"), a leading e-business services provider specializing in secure and scalable real-time transactional solutions, announced today the acquisition of privately owned Personus Inc. of Toronto, formerly "Caught in the Web". Personus is known for helping clients build online businesses, but has recently focused increasingly on customer relationship applications. As such, it provides end-to-end core competencies in project management, business strategy, branding, creative, technical (including front-end, back-end, and application architecture development), and hosting services. Major clients include Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , Groome Capital, Empori, TD MarketSite, Onex Corporation Onex Corporation TSX: OCX is a Toronto based investment firm. It was founded in 1983 by Gerry Schwartz. Today it is a publicly traded company but Schwartz has 67.6% of the voting control and continues to serve as Chairman and CEO. , Barrick, Kellogg, and Microsoft. According to a recent IDC Bulletin, Personus is well-placed to become one of the most successful Internet professional services companies in North America. IDC believes that Personus' strong reputation and enviable list of clients will enhance its competitive advantage in both Canada and the U.S. "In a market in consolidation, we continue to pursue our strategy of identifying accretive critical mass and solutions-focused acquisitions. Personus represents a solid combination of Web-based expertise. It builds upon our recent CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. acquisition and will allow us to provide our customers with even more value-added applications. This acquisition will strengthen our front-end sales channel and add high-value customers to our operations. In addition, we are very pleased with the company's strong management team, which will help us solidify business relationships with existing and new clients in the Canadian and US market," enthused Ronald Brisebois, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of COGNICASE. "We very much look forward to joining the COGNICASE family and augmenting its current suite of products by providing leading-edge, online customer relationship strategy and implementation services," stated Pete Jones, Personus President and CEO. About COGNICASE COGNICASE is an innovative company specializing in the development and integration of real-time transactional solutions. Relying on its results-driven approach, software and technology, and its international Internet engineering and hosting centre, COGNICASE offers secure and scalable solutions that contribute to the success of its customers in the age of the new economy. The Company is active in several countries, including Canada, the United States, France, Spain, Belgium, the Netherlands and Australia. About Personus Personus is an online customer relationship strategy and implementation firm with a unique advantage in developing consolidated, customer-facing Internet applications that leverage enterprise-wide systems to support strategic customer loyalty goals. Personus works with such market-leading clients as TD Marketsite, Groome Capital, Inc., Microsoft Canada, EMPORI.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. and Kellogg Canada. |
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