COGNICASE Pursues Strategic Development Strategy in the U.S. in 2002: Acquires New Jersey-Based CTC Corporation.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 16, 2002 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 :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.), a provider of 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. solutions and Internet-based applications today announced that it has acquired the solutions and expertise resources of Piscataway, New Jersey-based CTC CTC - Cornell Theory Center Corporation (Cyber Tech Consulting), which includes the solutions and expertise resources of TCC TCC The Car Connection (web site) TCC Tidewater Community College TCC Tallahassee Community College TCC Temporary Continuation of Coverage TCC Tucson Convention Center (Tucson, AZ, USA) (The Computer Consulting Company, USA). This transaction will add a critical mass of technical resources to COGNICASE's U.S. operations along with strengthening its solutions and project capability in the U.S. marketplace. CTC has been in operation for six years and has earned a stellar reputation for quality in the industry. Ram Anbarasan, President of CTC Corporation, stated, "I believe that the merger with COGNICASE is an excellent opportunity for our clients and employees. Our clients now can expect a wide range of leading-edge IT solutions from COGNICASE. We will be able to bring to our clients the experience and the well-established infrastructure of a world-class IT company. Our employees will be able to work on many more project opportunities at a much larger client base worldwide. We are excited about this merger and look forward to a great future." COGNICASE 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 noted, "I am pleased with the strategic fit of this acquisition, which will allow us to consolidate our operations in the north-eastern U.S. It signals our determination to pursue development opportunities in this market. We will be able to offer our products and services to a broader range of clients and strengthen our relationship with them." About COGNICASE COGNICASE (TSE: "COG", Nasdaq: "COGI") is an IT products and services provider specializing in advanced transaction processing and Internet-based applications. Relying on its results-driven approach, its software and technology and its Application 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 CTC Corporation CTC is a rapidly growing IT firm dedicated to exceeding clients' expectations. Fast response time, access to the world's finest IT talent, and individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. attention to clients' needs have helped CTC build a reputation as a "preferred Partner" with companies worldwide. By focusing on four core functions-Technical Resourcing, Project & Software Development, Education & Training, and E-Commerce Services & Solutions-CTC helps your company bridge the gap between today's requirements and tomorrow's vision. |
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