COGNICASE Makes Breakthrough in Electronic Commerce Industry in Europe.MONTREAL--(BUSINESS WIRE)--Nov. 25, 1998--COGNICASE Inc. (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 :COGIF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG) announced Wednesday that it has taken a major step forward in the e-commerce industry in Europe. The Company's European division, Nat Systems International, has just completed design, development and construction of an Internet-based merchandizing and inventory-control system for one of Europe's largest mail-order houses called 3 Suisses ("the Three Swiss"), based in Paris. The Web site and merchandizing centre is unique in Europe in providing access to 3Suisses' 60,000 products which are now offered to the public via the Internet. The Web site is also linked directly to the company's state-of-the art inventory control system. When a client orders a product from the 3Suisses Internet merchandizing center, the system immediately contacts the company's warehouse, checks to see if the product is in stock, then orders immediate delivery to the purchaser's home. 3Suisses is therefore able to keep its inventory control up to date on a real-time basis, while ensuring fast, efficient and cost effective delivery to its clients - all via the Internet. Nat System's NatWeb(TM) software was used to not only build the 3Suisses Web site, but also to set up the whole inventory-control and delivery system which makes the e-commerce network perform so efficiently. "This NatWeb electronic commerce application is one of the most advanced in Europe and will serve as a model for a number of other projects we are discussing with clients in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," said 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 Inc. "Analysts predict that the value of commercial transaction performed on the Internet will grow exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. in the coming years, e-commerce is definitely a business we want to be in." Nat Systems, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of COGNICASE, has a base of 3,000 licensees and more than 10,000 developers around the world using its products. The company provides advanced application development software solutions and services for Web-based and client/server environments A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. . Founded in 1991, COGNICASE is an international provider of total information technology (IT) services and value-added software. The Company's offerings are divided into three core areas: Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and Systems Integration, Business Solutions (including IT Outsourcing), and Software. The Company has over 1,600 employees. It develops and markets its products through offices in Montreal, Ottawa, Toronto, Quebec City, Calgary, Washington, D.C., Paris, Brussels, Munich, Milan, Madrid, Lisbon, London and Sydney (Australia). |
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