COGNICASE Acquires CYME International Inc., Highlights Commitment to Pursuing Opportunities in Energy Vertical.Business Editors MONTREAL--(BUSINESS WIRE)--April 2, 2002 COGNICASE Inc. (Nasdaq: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), an innovative IT solutions provider specializing in the development and integration of transactional solutions, today announced the closing of its acquisition of CYME Cyme (sī`mē), ancient Greek city of W Asia Minor, on the Ionian Sea and N of the present Smyrna in W Asian Turkey. It was the largest and most important of the 12 cities of Aeolis. In the late 5th cent. B.C. International Inc. CYME is a world-wide supplier of high-quality PC-based power engineering software applications with clients in over 100 countries. It is also a licensee and partner in software development with a number of other organizations including Hydro-Quebec. COGNICASE's Chairman of the Board, 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. Ronald Brisebois, stated "CYME's reputation and global reach in the energy vertical will complement our existing offerings as well as provide additional cross-selling opportunities. The critical mass building up in this vertical will further strengthen our positioning in this sector and will make us a dominant player." About COGNICASE COGNICASE (Nasdaq:COGI) (TSE:COG) is an IT products and services provider specializing in advanced transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and Internet-based applications. Relying on its results-driven approach, its software and technology and its Application Services See ASP and Web services. Technology Centre, COGNICASE offers secure and scalable solutions that contribute to its customers' economic success in the age of the new economy. The Company is active in Canada, the United States, and Europe. About CYME International CYME International is a major supplier of Electric Power Engineering Software with clients in some 100 countries. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion