Business Services Industry
Enghouse Enters into Multi-Year Renewal of its Support Services Contract with IBM Japan
Business Wire, March 21, 2005
MARKHAM, Ontario -- Enghouse Systems Limited (TSX:ESL) today announced that its Asset Management Division has entered into a multi-year extension of its maintenance and support agreement with IBM Japan. Valued at approximately Cdn$3.4 million per year, this agreement provides for a minimum two-year extension for the period April 1, 2005 until March 31, 2007 and shall be automatically renewed for successive one-year terms unless either party provides advance notice of termination.
Andrew Nellestyn, President of Enghouse's Asset Management Division, said, "This agreement emphasizes the significant investment IBM Japan and NTT have made in Enghouse technology. We are pleased to continue our support of IBM Japan and NTT recognizing that the GeoNet installation at NTT is one of the largest GIS implementations in the world."
About Enghouse:
Enghouse is a leading global provider of enterprise software solutions serving a variety of distinct vertical markets. Its strategy is to build a larger and more diverse software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange under the symbol "ESL". Further information about Enghouse may be obtained from the Company's web site at www.enghouse.com.
Enghouse Systems Limited (TSX:ESL)
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