|
Monday November 25, 9:04 am ET
Magic Software Subsidiary CoreTech Consulting Group Wins Major EAI Project With Global Banking Software And Services Firm
Project Includes Enhancement of Strategic Banking and CRM Systems, and Legacy Integration for Top 50 Global Bank
IRVINE, Calif.--(BUSINESS WIRE)--Nov. 25, 2002-- Magic Software Enterprises (Nasdaq:MGIC - News), a leading provider of state-of-the-art development and integration technology, and business solutions, announced today that its subsidiary CoreTech Consulting Group, LLC, has won a major deal to provide development and enterprise application integration (EAI) services to a global Financial Services software company. The initial value of the project is estimated at $800,000.
The outsourced project involves a large integrated team of application architects and developers. This team will be responsible for working with the client's technology leadership personnel to meet specific needs for its global enterprise banking customers.
The project includes the enhancement of strategic banking and CRM systems, and legacy integration for a top 50 global banking organization. CoreTech will provide technology architects and developers for this project, which will integrate and modernize existing enterprise applications and legacy systems with J2EE technology.
"CoreTech continues to strengthen our service offerings and expand our customer-base in the financial services market," said Douglas Nohe, president & CEO of CoreTech. "We have proven that we can meet specific requirements on demand. By utilizing the breadth of CoreTech services, our clients see an immediate return on investment versus using in-house development staff."
Companies interested in finding out more about CoreTech's project staffing services can visit www.coretech.com/staffing/index.html or send e-mail to info@coretech.com.
About CoreTech Consulting Group, LLC (CoreTech)
CoreTech, a subsidiary of Magic Software Enterprises, is a leading provider of Consulting Solutions in the areas of Internetworking, Security, Platforms, Business Intelligence, Program and Project Management, Project Staff Augmentation, and Support Services in the Life Sciences and Financial Services industries. CoreTech's clients include enterprises such as GlaxoSmithKline, Johnson & Johnson, Wyeth, SunTrust Banks, Synovus Financial and many more. CoreTech, which has been named to the "Inc. 500" and Deloitte & Touche's "Fast 500," is based in suburban Philadelphia. More information about CoreTech may be obtained by calling 800-220-3337 or by visiting www.coretech.com.
About Magic Software Enterprises
Magic Software Enterprises, a member of the Formula Group
(Nasdaq:FORTY - News), develops, markets and supports software development
and deployment technology that enables enterprises to accelerate the
process of building and deploying applications that can be rapidly
customized and integrated with existing systems. Magic technology,
applications and professional services are available through a global
network of subsidiaries, distributors and Magic solutions partners in
approximately 50 countries. The Company's North American subsidiary is
located at 17310 Redhill Avenue #270, Irvine, CA 92614-5637, telephone
800/345-6244, 949/250-1718, fax 949/250-7404,
http://www.magicsoftware.com/.
The Formula Group is an international information technology
company principally engaged, through its subsidiaries and affiliates,
in providing software consulting services, developing proprietary
software products and producing computer-based solutions.
Except for the historical information contained herein, the
matters discussed in this news release include forward-looking
statements that may involve a number of risks and uncertainties.
Actual results may vary significantly based upon a number of factors
including, but not limited to, risks in product and technology
development, market acceptance of new products and continuing product
conditions, both here and abroad, release and sales of new products by
strategic resellers and customers, and other risk factors detailed in
the Company's most recent annual report and other filings with the
Securities and Exchange Commission.
Contact:
Magic Software Enterprises Ltd.
David Leichner, 949/250-1718 ext. 299
davidl@magicsoftware.com
 
|
 |
