Audited Financial Statements and MD&A
ISACSOFT INC. (TSX:ISF) today announced that it has filed its 2004 audited financial statements and notes and its 2004 management's discussion and analysis with Canadian securities regulators. The information is available electronically to interested parties at www.sedar.com and on the Company's web site at www.isacsoft.com. ISACSOFT's 2004 annual report will be mailed to shareholders during the third week of April.
Termination of discussions on previously disclosed acquisition of Synesis
ISACSOFT INC. (TSX:ISF) is also announcing that it could not reach an agreement on the final terms of the transaction with Synesis and as a result, will not be moving forward with this acquisition as previously disclosed.
ISACSOFT is a provider of content-based software solutions, business process outsourcing, information technology and systems integration consulting to its national and international customers. The revenue model is based on software licences, copyrighted content development, recurring revenues and services around strategic and key customer relationships. The solutions of ISACSOFT include municipalities and library management («e-city »), knowledge management (« e-learning ») and real estate management. ISACSOFT is headquartered in Montreal, Canada and supports operations in Quebec City, New York, Paris, London, Cologne and The Hague.