Cognicase Awarded Major Contract by District of Columbia Office of Tax and Revenue.MONTREAL--(BUSINESS WIRE)--Sept. 15, 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.), announces that it has been awarded a contract for the development and implementation of a Year 2000 solution for the automated tax systems of the District of Columbia's Office of Tax and Revenue. The contract is valued at over U.S.$2.0 million. "This contract involves assessment, remediation, testing and implementation for three primary mainframe tax applications. Work will be completed in early 1999, allowing the Office of Tax and Revenue to achieve Year 2000 compliance," noted Carl Simard, vice president Sales and Marketing of COGNICASE. "These are mission-critical systems for the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). government, providing further demonstration of our ability to deliver competitive software solutions to international customers from our Montreal factory." For the first nine months of fiscal 1998, COGNICASE has achieved dynamic growth with revenues increasing to U.S.$34.4 million compared to U.S.$5.0 million in the similar 1997 period. Net earnings for the period rose to U.S.$6.0 million from U.S.$470,000. Founded in 1991, the Company is an international provider of value-added software solutions and information technology (IT) 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" . COGNICASE has 1,500 employees and a revenue run rate of U.S.$110 million. The Company's services encompass three core areas: Systems Integration and Business Solutions, IT Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and Software Licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. . Through automation, reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. and high-quality IT resources, COGNICASE delivers reliable, cost-effective and timely solutions that generate value for customers, employees and shareholders. COGNICASE press releases are available at: http//www.cdn-news.com CONTACT: COGNICASE Inc. Carl Simard, 514/866-6161 sime@cognicase.ca or Ronald Brisebois, 514/866-6161 brir@cognicase.ca or http://www.cognicase.ca |
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