P&I lands million euro contract
Wiesbaden (euro adhoc) -
Strategic co-operation between P&I and LogicaCMG is proof of the international competitiveness of the software manufacturer
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
cooperations/big contract
The Wiesbaden based P&I AG company has succeeded in landing LogicaCMG (NL) as a new strategic partner. The contract with a value of a several million euro deal serves as confirmation of P&I´s strategic orientation and demonstrates: in the international arena as well, P&I is capable of holding its own in the fiercely competitive market involving product suppliers for HR services.
LogicaCMG is one of the Top 10 IT service providers in Europe. By its extended state of service and acknowledgement of the market LogicaCMG helps its customers to take a leadership position. In addition to management and IT consulting, systems integration and outsourcing, it also offers HR and Payroll Services for clients in a variety of business sectors. By means of this co-operation, LogicaCMG - based in Amstelveen near Amsterdam - is focussing on the core competencies of a service provider. "P&I is a technologically prominent company which completes well our own strategy. With P&I we can focus on delivering additional services and strategic value for our customers" says Ewout Meijer of favour of the software specialist. Prior to the decision, the supplier was submitted to a test period that lasted several months.
"We are extremely pleased that we have found a complementary partner of this calibre in LogicaCMG. This partnership in the Netherlands confirms the orientation of P&I as an HR software supplier that has achieved the high technical standards that international HR service providers demand. This is a strategically important step for us with respect to extension of the market segment", explains Vasilios Triadis, CEO of P&I AG. "As a result of this partnership, joint further development of the products of P&I focussing on Europe-wide utilisation will be ensured in the long term. This means that our solution is to be recommended as a basic tool for other international operating companies".
About LogicaGMC: LogicaCMG is a major international force in IT and business services. It employs around 40,000 people across 41 countries. LogicaCMG´s focus is on enabling its customers to build and maintain leadership positions using LogicaCMG´s deep industry knowledge and its track record for successful delivery. The company provides business consulting, systems integration and IT and business process outsourcing across diverse markets including telecoms and media, financial services, energy and utilities, industry, distribution and transport and the public sector. Headquartered in Europe, LogicaCMG is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE:LOG; Euronext:LOG) and traded on the Xternal List of the Nordic Exchange in Stockholm. More information is available at www.logicacmg.com
P&I AG: Software for human resource management P&I AG is a specialist for standard software solutions for human resource management - from payroll accounting and personnel management to time management and employee portals. The solutions can be used at the international level and in all business sectors. P&I has more than 300 employees and a presence at 11 locations throughout Europe. The company, which has its head office in Wiesbaden, has had more than 35 years of experience. About 3,700 companies and public authorities rely on P&I solutions. P&I is stock exchange listed in the Prime Standard segment. In the business year 2006/20076 it achieved a turnover of 54 million Euros. More about P&I AG on the internet: www.pi-ag.com
end of announcement euro adhoc 07.06.2007 13:44:58
Further inquiry note:
Andreas Granderath
Telefon: +49(0)611 7147 267
E-Mail: agranderath@pi-ag.com
Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade