COGNICASE Targets Toronto Financial Sector with Acquisition of Radius Information Systems Ltd.Business Editors MONTREAL--(BUSINESS WIRE)--May 30, 2001 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.), a leading e-business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. services provider specializing in secure and scalable real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. transactional solutions, announced today the acquisition of privately owned RADIUS Information Systems of Toronto. The company specializes in the integration of information technology solutions in the financial sector. This acquisition strengthens COGNICASE's positioning in the Toronto market and completes its global offering. The company will benefit from the solid business relationships between Radius and its major financial sector clients as well as its business partners. "We are actively pursuing our growth strategy for the Toronto market by focusing on the financial sector. COGNICASE already has significant expertise in this field and will build upon this expertise by offering its services to Toronto-area financial institutions," declared Ronald Brisebois, COGNICASE's 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. . "We are delighted to join the COGNICASE family. Its reputation, expertise, and technological innovation will open up new horizons and allow us to reach our growth objectives more quickly," stated Dale Fisher, President of Radius. About COGNICASE COGNICASE is an innovative company specializing in the development and integration of real-time transactional solutions. Relying on its results-driven approach, software and technology, and its international Internet engineering A person responsible for developing and maintaining the infrastructure that supports the public Web site, intranet and associated LANs and WANs. May be involved in developing transaction-based applications for e-commerce. See e-commerce engineer. and hosting centre, COGNICASE offers secure and scalable solutions that contribute to the success of its customers 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, the Netherlands and Australia. About RADIUS Radius is a private company founded in 1991 specializing in the integration of information technology solutions. The company has experience in the financial, pharmaceutical, and manufacturing sectors. The Radius team is made up of recognized professionals in the areas of consulting, business analyses, project management, software development and business intelligence. |
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