COGNICASE Targets Government Sector in the U.S., Acquires UNIFIED Technologies Inc., U.S. e-Government Solutions Provider.Business Editors MONTREAL--(BUSINESS WIRE)--Sept. 10, 2001 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 the acquisition of UNIFIED Technologies Inc., a rapidly growing e-solutions company with offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Albany, New York For other uses, see Albany. Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers. . UNIFIED Technologies, founded in 1994, is an e-Business solutions company uniquely focused on providing Internet technology services and solutions to state & local governments in the north-eastern U.S. UNIFIED delivers expertise in the areas of enterprise architectures, enterprise security and appliance computing structures by designing, deploying and operating complex and customized systems that support large-scale e-Business initiatives. The company has an established and successful history of doing business with major New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state and New York City government agencies and is well-positioned to compete in this lucrative market. The government IT solutions market is an important source of recurring revenues. This transaction will add critical mass to COGNICASE's operations in the US. COGNICASE 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, "The acquisition of UNIFIED Technologies will provide us with the opportunity to leverage our expertise in developing complex enterprise solutions and providing transaction processing capabilities, as well as enhance our visibility and strategic focus in the north-eastern U.S." "We are looking forward to becoming part of the COGNICASE organization. This transaction is about strategic growth and combining intellectual capital to meet our market demands and better service our clients. We will continue to drive our business mission to create value for our clients through the application of technology." said Jo Raquel, CEO of UNIFIED Technologies Inc. "Our combined expertise and COGNICASE's resources will enable us to meet our goals of growing the business, expanding into other states, and becoming a dominant service provider in the fast-growing e-government solutions industry." 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 international Internet engineering and hosting 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 several countries, including Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , France, Spain, Belgium, and the Netherlands. About UNIFIED Technologies Inc. UNIFIED Technologies Inc. is a rapidly growing e-Business solutions company uniquely focused on providing Internet Technology services and solutions to state & local governments in the north-eastern U.S. UNIFIED delivers thought leadership in the areas of enterprise architectures, enterprise security and appliance computing structures by designing, deploying and operating complex and customized systems that support large-scale e-Business initiatives to state and local government agencies and select middle market companies in New York State. |
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