COGNICASE INTERNET INNOVATIONS Extends its Technology Base in E-Business.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 10, 2000 Cactus Communciations Internet and COGNICASE join forces to focus on Convergence of Internet and Wireless Communication technologies COGNICASE INTERNET INNOVATIONS (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.)(CII CII Confederation of Indian Industry CII Chartered Insurance Institute (UK) CII Construction Industry Institute (University of Texas) CII Council of Institutional Investors ), a business unit of COGNICASE Inc. (NASDAQ: COGI), is taking a participating interest in Cactus Communications Internet, a company specialized in e-Business solutions. A definitive agreement is expected to be concluded by month-end. Cactus is an e-commerce solution provider with a unique expertise in the development and integration of the Internet and wireless technology. According to industry experts, one of the most important technological trends is the convergence of Internet and wireless technologies, resulting in tremendous business opportunities in the next 24 months. &uot;This strategic partnership with COGNICASE will provide Cactus with new delivery capacity, access to COGNICASE's large customer base and sales organization to help promote our offering,&uot; said Antoine Normand, Chief Executive Officer of Cactus. &uot;In Canada, Cactus is already recognized as a leader in e-Business; and now, in partnership with COGNICASE, we can target the American and European markets to accelerate our growth.&uot; Cactus derives most of its revenues from next-generation transactional Internet applications. In addition, Cactus has developed and is packaging an e-commerce Internet Framework which will accelerate the time to develop and deploy e-commerce Business to Consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) or Business to Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) sites from an average of 4 months down to 6 weeks. The current industry average to develop and deploy large scale Internet applications is 4 to 6 months. &uot;COGNICASE is excited to partner with Cactus. Their leading-edge expertise in Web and Wireless Integration will allow access to our Portals from anywhere anytime, and their framework for accelerating the rollout of Internet applications strengthens our competitive edge in this market. First to market and Time to market are key competitive factors in the success of Internet sites,&uot; stated Tony Marinelli, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , COGNICASE INTERNET INNOVATIONS (CII). &uot;Their Internet technology know-how and offering will be integrated into our overall e-Business solutions offering.&uot; Cactus is viewed as a strategic partner by Microsoft and is often called upon by Microsoft to provide expert consultation for its Internet products. Cactus clients include: Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). , Cebra/MERX, Mbanx, Harris Bank (US) and Microsoft. COGNICASE is among the North American leaders in the implementation of business solutions that leverage information technology, with offices in several major North American and European business centers. Based on its business results-driven approach, Internet Software Technologies, international IT engineering / hosting center and critical mass of business and technology expertise, COGNICASE offers innovative solutions that contribute to the success of its customers in the digital economy. Our solutions include: implementation of turnkey e-business solutions including portal development and evolution, e-services software and solutions, re-engineering of existing applications for e-business, technology configuration management, as well as project management and business process improvement consulting services. COGNICASE INTERNET TECHNOLOGIES (CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. ) mission is to deliver &uot;smart information on demand&uot; by developing leading edge Internet and wireless software solutions. It capitalizes on COGNICASE'S Internet products, re-engineering technologies and search engine based on rules and fuzzy logic, and using JAVA and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. . COGNICASE INTERNET INNOVATIONS (CII) mission is to position Cognicase at the top of the Internet Value Chain through the innovation and creation of new e-businesses. CII will seek out, create, incubate incubate /in·cu·bate/ (in´ku-bat) 1. to subject to or to undergo incubation. 2. material that has undergone incubation. in·cu·bate v. 1. and promote Internet Portal initiatives. The end result will be a network of interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. Internet Portals targeting both vertical markets and diverse communities and allow Cognicase to take full advantage of the Internet economy. The completion of the transaction described in this press release is subject to certain factors including satisfactory due diligence by COGNICASE Inc. and the negotiation and finalization of definitive agreements. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion