MONTREAL, Jan. 25 /CNW Telbec/ - ISACSOFT (TSX: ISF) announced today that it has successfully signed and renewed two multi-year contracts as a preferred supplier with strategic clients.
ISACSOFT signed a three year contract as preferred supplier status with Loto-Québec in systems development and database management, which expires on December 31st 2009. The agreement also provides Loto-Québec with two one-year renewal options which could extend the contract until 2011.
The renewal of a three year contract, which expires on December 31st 2009, as a preferred supplier for consulting services was signed with a major supplier of energy services. The contract that was previously in effect which expired on December 31st 2006, has generated revenues of $2.4 million dollars.
"These contracts demonstrate ISACSOFT's quality of service and competitiveness and our capability to win new contracts with strategic customers in a growing market." said Ronald Brisebois, Chairman, President and CEO of ISACSOFT INC.
ISACSOFT is a provider of software business solutions, information technology-training and systems integration consulting to its national and international customers. The revenue model is based on software licences, recurring revenues and strategic projects targeting key customers. ISACSOFT is headquartered in Montréal, Canada with offices in Québec City, Paris, London, Cologne and The Hague. Forward looking statements