Infocorp and Covansys Sign Memorandum of Understanding.

Business/Technology Editors

WINNIPEG, Manitoba & FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Oct. 24, 2001--

-- Companies collaborate to develop new products for growing

e-government service markets worldwide --

Infocorp Computer Solutions Ltd. (TSE: INP) (Infocorp), a leading provider of revenue management and electronic service delivery solutions for e-government and e-retail, and Covansys Corporation (Nasdaq: CVNS), a global technology services company, today announced the signing of a Memorandum of Understanding (MOU) that will enhance the companies' roles as software solutions providers in government motor vehicle departments and other government markets worldwide.

As per the terms of the MOU, Infocorp agrees to identify opportunities where its front-end solutions, including Point of Sale, Fee Collection and Cash Management, can add value to various government customers in combination with the state and local government related system integration capabilities of Covansys. Covansys agrees to identify similar opportunities within its customer base for Infocorp. Furthermore, both companies have agreed to collaboratively investigate joint development of product strategies, concepts, demonstrations and marketing programs.

"We believe that this MOU will lead to the development of a number of business opportunities that will incorporate Infocorp's products in a number of large scale solutions," said Dwayne Mathers, CEO of Infocorp. "Covansys is an established leader in implementing online government solutions at both the state and local level and we are very pleased to be part of their go-to-market strategy."

"Infocorp's proven technology, flexibility in product architecture and their experience in working with the large scale transaction requirements of state and local governments were key driving factors behind the MOU," said Harvey Levin, vice president of Covansys' State and Local Government practice. "Our solid reputation is based on our ability to help our clients bridge their existing legacy systems and rapidly develop leading-edge e-business solutions. Infocorp's approach to multi-channel enterprise revenue management fits this vision and will help us reduce time-to-market and project costs on behalf of our clients."

For more than 16 years, Covansys has provided public sector solutions to more than 25 states in the areas of health and human services, transportation, public retirement systems, labor and tax and revenue systems. Covansys derives more than 20 percent of its current annual revenues from state and local government customers.

About Infocorp

A member of the SLMsoft.com Group of Companies, Infocorp (TSE: INP) is a leader in the design and delivery of state-of-the-art revenue management solutions for governments and specialty retailers. Infocorp's solutions enable product and service delivery, workflow automation, and payment transaction processing through multiple delivery channels including over-the-counter, Internet and kiosks. Its core e-government product, Access2Gov (formerly POS+), has been installed in a variety of state, provincial and municipal departments, and is a key component of electronic service delivery solutions. Its core retail product, Softwear/P.O.S., is installed on over 10,000 workstations in retail organizations around the world, and is a fully integrated retail management system, from point-of-sale to customer relationship management and back office automation. Infocorp's offices are located in Canada and USA. http://infocorpnow.com

About Covansys

Covansys Corporation (Nasdaq: CVNS) is a global technology services company specializing in Web-to-Enterprise Integration (WEI(SM)), industry-specific solutions and strategic outsourcing. Since its founding in 1985, Covansys has successfully delivered fast, focused, high-quality yet cost-effective business and technical solutions, building a professional heritage that bridges Old World legacy systems and the New Economy's leading-edge e-business technologies. With one of the largest offshore capabilities of any U.S.-based technology services provider, Covansys is one of the few companies in the world to achieve the SEI's CMM(R) Level 5 quality rating at its offshore development centers in India. Headquartered in Farmington Hills, Michigan, Covansys was named one of the top 500 solution providers in North America in 2001 by VARBusiness magazine. Visit our website at: www.covansys.com.

About SLMsoft.com Inc.

Founded in 1986, SLMsoft.com (TSE: ESP.a and ESP.b ) is a leading developer of electronic payment systems and transaction processing solutions, including e-commerce applications with a focus on the financial services industry. SLMsoft.com provides real-time end-to-end e-banking solutions that include Internet banking, interactive voice recognition (IVR), debit and credit card issuing, automated teller machines and point-of-sale network management, retail branch management, and e-CRM enabling technology. SLMsoft.com also provides investment brokerage client and portfolio management applications for the brokerage industry; e-health solutions which enable health insurance claims to be evaluated at the point of service, processed and settled in real time; and e-government solutions, which enable consumers to pay fees for government services in person, at kiosks, through IVR or the Internet.

http://www.slmsoft.com