COGNICASE, Microcell Partner for E-C Joint Venture
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In addition, NB Capitals Partners, a merchant bank affiliated with National Bank of Canada, has conditionally agreed to invest CAN$15 million in the new company.
"This strategic partnership is a clear recognition of the value and potential of the leading-edge technologies that COGNICASE can bring to this growing market," said Ronald Brisebois, COGNICASE President and Chief Executive Officer.
"This collaboration with Microcell will enable us to deliver unique services to the fast growing number of individuals relying on wireless and Internet services for their business and personal transactions."
The new company capitalises on COGNICASE's eMP-Apps and Watch 4 Me 7/24 technologies to provide what the company calls "smart information on demand" to wireless and Internet customers.
The potential reach for the services of the new venture represents yet another nod to the projected number of future wireless users -- the market expected to grow to more than 1 billion by 2003.
Microcell Labs is a wholly owned subsidiary of Microcell Telecommunications (MICT). Its PCS network, which is based on the GSM standard, serves 53 percent of the Canadian population.
COGNICASE (COGI) specializes in the implementation of business solutions that leverage information technology, with offices in several major North American and European business centers.