Friday March 10, 9:01 am Eastern Time
ForSoft's CONSULTINGDIRECT.COM and DoubleClick Inc. Announce an Online Vendor Agreement
New York - ForSoft Inc., a USA subsidiary of
ForSoft Ltd. (Nasdaq: FORS - news), and a leading provider of Consulting and Software
Services, today is pleased to announce that its CONSULTINGDIRECT.COM division
has entered into an online vendor agreement with DoubleClick Inc.
(Nasdaq: DCLK - news), the industry's leading global Internet advertising solutions
company.
CONSULTINGDIRECT.COM has successfully implemented phase 1 of their
comprehensive Extranet-based Human Resources (HR) and staffing services
procurement solution for DoubleClick Inc.
The HR and Staffing Services
solution system is based on ForSoft's CONSULTINGDIRECT.COM initiative launched
earlier in 1999 which provides employers with a procurement platform to post
their Staffing and Project requirements to pre-screened applicants.
The
Vendor Management System provides DoubleClick a comprehensive Extranet-based
staffing and procurement process management solution, including selection and
management of vendors, applicant testing, consolidated billing services,
program metrics and other monitoring tools for DoubleClick offices worldwide.
The services include an on-site team at various DoubleClick Inc. locations.
Emanuel Cohen, CEO of ForSoft Ltd. said, "I am very proud of the vision and
commitment exhibited by our team.
Obtaining the DoubleClick contract, is a
continuation of our strategy to penetrate the international markets."
Joseph Musacchio, President of ForSoft Inc. said, "We have been updating our
service offering in order to accommodate employers, vendors and candidates
associated with the staffing industry.
The effect of the Internet on our
industry is dramatic and it will continue to affect change in the coming
years.
DoubleClick's decision to enter into an agreement with us is
encouraging.
I believe that the quality of our offering and the strength of
our unique model will open additional opportunities for us."
ForSoft Inc. has applied to patent its unique models and technologies and
currently has a patent pending for solutions in this area.
DoubleClick Inc. (http://www.doubleclick.net) is a leading provider of
comprehensive global Internet advertising solutions for marketers and Web
publishers.
Combining technology and media expertise, DoubleClick centralizes
planning, execution, control, tracking and reporting for online media
campaigns.
DoubleClick Inc. has global headquarters in New York City and
maintains offices in Atlanta, Boston, Chicago, Detroit, Denver, Dallas,
Dublin, Los Angeles, San Francisco, San Mateo, Seattle, Amsterdam, Barcelona,
Copenhagen, Dusseldorf, Hamburg, Helsinki, Hong Kong, London, Madrid,
Melbourne, Milan, Montreal, Munich, Oslo, Paris, Sao Paulo, Singapore,
Stockholm, Sydney, Taipei, Tokyo and Toronto.
ForSoft Inc. designs and develops high-end quality information systems
software and IT staffing services and is a wholly owned subsidiary of ForSoft
Ltd. (Nasdaq: FORS - news).
ForSoft Ltd. designs, develops and implements high-
quality, innovative information systems and software for organizations and
provides IT services worldwide.
ForSoft Ltd., is a publicly traded company (Nasdaq: FORS - news), and is a member
of Formula Systems (1985) Ltd. (Nasdaq: FORTY - news), an international information
technology company principally engaged, through its subsidiaries and
affiliates, in providing software consulting services, developing proprietary
software products and providing computer-based business solutions.
For further information on ForSoft Ltd. ForSoft Inc. and
CONSULTINGDIRECT.COM, visit the following web sites:
This press release contains forward-looking statements.
Such statements
involve various risks that may cause actual results to differ materially.
These risks and uncertainties include, but are not limited to, market demand
for the Company's products, successful implementation of the Company's
products, competitive factors, the ability to manage the Company's growth and
the ability to recruit additional personnel
