Printer Friendly

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
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 25, 1992
Words:221
Previous Article:AMGEN ANNOUNCES STOCK REPURCHASE PROGRAM
Next Article:BIOPLASTY ANNOUNCES RESIGNATION OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD
Topics:


Related Articles
CONTINUUM'S THIRD QUARTER EARNINGS IMPROVE
CONTINUUM AND ISSC SIGN AGREEMENT TO MARKET OUTSOURCING SERVICES; COMPLEMENTARY OUTSOURCING SOLUTIONS AGREEMENT
THE CONTINUUM COMPANY, INC. ANNOUNCES SECOND QUARTER RESULTS
CONTINUUM ANNOUNCES CCA2 SALE IN NORTH AMERICA
THE CONTINUUM COMPANY, INC. ANNOUNCES PAXUS ACQUISITION AND FIRST QUARTER RESULTS
CONTINUUM ANNOUNCES OUTSOURCING CONTRACT WITH VICTORIAN WORKCOVER AUTHORITY
CONTINUUM ANNOUNCES CLIENT SERVER LICENSE REVENUE
THE CONTINUUM COMPANY ANNOUNCES COGEN CONTRACT IN GERMANY AND LIFE/J SALE IN JAPAN
CONTINUUM ANNOUNCES FOURTH QUARTER CONTRACTS
THE CONTINUUM COMPANY, INC. ANNOUNCES FOURTH QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters