Business Services Industry
Emergis Signs Agreement for Managed Security Services
Business Wire, July 13, 2005
MONTREAL -- Emergis Inc. (TSX:EME) today announced it has signed a services agreement for up to two years with Bell Security Solutions Inc. (BSSI), a wholly owned subsidiary of Bell Canada, whereby Emergis will operate and support infrastructure components related to specific BSSI security services. The agreement is expected to generate revenues of approximately $7 million annually over the term of the contract.
"This is a logical extension of the transition services Emergis has been providing to Bell following the sale of Emergis' eSecurity assets last year," said Marc Filion, Executive Vice-President, Business Development and Corporate Strategy of Emergis. "The agreement recognizes the first-hand skills and reliability Emergis has acquired in electronic security applications."
With this agreement, Emergis will continue to operate and support the eSecurity assets acquired by Bell Canada from Emergis in June 2004. These assets relate to contracts for access control, authentication and authorization services. Other security-related services underlying Emergis' electronic health-related claims, loan and payment service delivery platforms and solutions remained within the Company.
As a leading enabler of business-to-business electronic transactions for the health and financial services sectors, Emergis is uniquely placed for the development and management of electronic security and privacy issues. Besides the managed security services offered to BSSI, Emergis' portfolio of security services include, among others, assisting stakeholders in the health sector in performing security and privacy assessments combined with the required implementation services, building identity and access management solutions, and managing security monitoring services.
About Emergis
Emergis powers business interactions, developing and managing solutions that automate transactions and the secure exchange of information. With expertise in electronic health-related claims processing and management systems, payment enablement, and loan processing, Emergis delivers solutions in Canada to the leading health insurance companies, the top financial institutions, government agencies and about 2,400 pharmacies. The Company's shares (TSX: EME) are included in the S&P/TSX Composite Index.
Certain statements made in this news release are forward-looking and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. These statements do not reflect the potential impact of any non-recurring items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Other factors that could cause results or events to differ materially from current expectations include, among other things: general economic factors, adoption of eBusiness, adoption rate of our solutions by clients, signing government contracts, response to industry's rapid rate of change, competition, pricing, operating results, the change of control following the sale by BCE Inc. of its holdings in Emergis, acquisitions, failure or material change in our strategic relationships including our relationship with Bell Canada, exposure under contract indemnities, defects in software or failures in the processing of transactions, security and privacy breaches, loss of key personnel, our ability to protect intellectual property, infringement claims on our intellectual property, and industry and government regulation. For additional information with respect to certain of these and other factors, refer to Emergis Inc.'s annual report (management discussion and analysis) and the Emergis Inc. annual information form (risks and uncertainties) filed with the Canadian securities commissions.
THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE REPRESENT THE EXPECTATIONS OF EMERGIS AND ITS SUBSIDIARIES AS AT JULY 13, 2005 AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, EMERGIS AND ITS SUBSIDIARIES DISCLAIM ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.
EMERGIS INC. (TSX:EME)
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