CPU Softwarehouse AG

ots Ad hoc-Service: CPU Softwarehouse AG

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    Augsburg (ots Ad hoc-Service) -    

    - Major orders secure Hungarian market entry     - Successful continuation of CPU internationalisation strategy     - Implementation of CPU-C5 at second largest Hungarian bank     - Co-operation agreement with Compaq Computer Hungary Ltd., Hungary.

    CPU Softwarehouse AG, quoted on the Neuer Markt of the Frankfurt Stock Exchange, announces the following with regard to @ 15 of the Securities Trading Act:

    The internationalisation strategy announced at the CPU Softwarehouse AG stock market flotation displays first signs of success in the licensing business.

    In co-operation with Compaq Computer Hungary Ltd., Budapest, the strategic standard software, CPU-C5, from CPU Softwarehouse AG - The Finance Software Company, has been ordered by one of the major Hungarian banks.

    The order covers the entire branch network for this bank. The system will be ready for implementation in 2000.

    The second major order applies to the MKB Magyar Külkereskedelmi Bank RT., Budapest, which has also decided in favour of the CPU Softwarehouse AG standard software product CPU-C5, with implementation readiness in 2000.

    The MKB Magyar Külkereskedelmi Bank RT., Budapest, is the second largest bank in Hungary.

    Both major contracts were secured by CPU Softwarehouse AG, who had to contend with strong Hungarian competition, and provide an impressive point of reference.

    The Central and Eastern European countries, especially the candidates applying to join the European Union, are faced with significant technical challenges in the financial services sector, something which CPU Softwarehouse AG has promptly recognised and implemented in a successful partnership strategy.

    The CPU Softwarehouse AG strategic standard software CPU-C5 is not the only product to be in great demand. The same applies to the standard software products from the CPU subsidiaries such as Handy Banking(, Brokerage, Portfolio and Risk Management, etc.

    Compiled by: Kay Schleef Director of Strategic Marketing, M&A Further information can be found under: www.cpu-ag.com

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Original-Content von: CPU Softwarehouse AG, übermittelt durch news aktuell

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