CONTINUUM ANNOUNCES COGEN LICENSE IN EUROPE
CONTINUUM ANNOUNCES COGEN LICENSE IN EUROPE AUSTIN, Texas, Feb. 25 /PRNewswire/ -- The Continuum Company, Inc.
(NYSE: CNU) announced the sale of a license to use its COGEN software system to an insurance concern in continental Europe.
COGEN automates the administration of property and casualty and health insurance products. Although COGEN is a new system for the insurance industry taking advantage of the most recent advancements in technology, it is already well accepted in the European marketplace with 10 installations. W. Michael Long, chief executive officer, noted "COGEN is delivering business benefits in five countries across Europe. This new sale confirms further acceptance by major European companies of the productivity and competitive advantage which COGEN can deliver." Continuum will recognize approximately $2 million of license revenue from the transaction during the current fiscal quarter. Continuum also expects the transaction to result in service revenue associated with the implementation of the COGEN system. The Continuum Company, Inc. is an international consulting and computer services firm based in Austin, Texas, serving the needs of life insurance, property and casualty insurance and other financial services companies for computer software and services. -0- 2/25/92 /CONTACT: John L. Westermann III of The Continuum Company, 512-345-5700./ (CNU) CO: Continuum Company, Inc. ST: Texas IN: CPR SU: LIC SM -- NY084 -- 2558 02/25/92 17:13 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Feb 25, 1992|
|Previous Article:||AMGEN ANNOUNCES STOCK REPURCHASE PROGRAM|
|Next Article:||BIOPLASTY ANNOUNCES RESIGNATION OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD|