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EDMONTON and CALGARY, June 5 /CNW/ - Bellamy Software, a division of Sylogist Ltd. (TSX-V:SYZ), and Questica Inc. today announce that they have entered into a long term agreement that will provide municipalities and school boards with a leading web-based application to manage their operating and capital forecasting and budgeting planning process.
As part of the agreement, Bellamy Software will be the exclusive marketer of Questica's TeamBudget Capital and Operating budgeting applications to all Municipal and School Board customers currently using the Bellamy Financial suite. As well, Bellamy Software will gain exclusive marketing rights to provide Questica's TeamBudget budgeting solutions to school boards in Ontario and Western Canada.
Further to the agreement, Bellamy Software will provide sales and marketing, consulting, implementation services and customer support. In addition, Bellamy Software and Questica have worked together to develop an interface between Questica's TeamBudget budgeting solution and the Bellamy Financial suite to provide Bellamy Customers with the additional value of an integrated application.
"Questica is very pleased to be working with Bellamy Software. Bellamy Software understands their customers' needs and specializes in providing excellent customer support," said TJ Parass, President of Questica. "This shared philosophy between both companies was the reason for our decision to partner with Bellamy Software".
"Our agreement with Questica allows Bellamy to not only provide additional value to our existing customers, but also allows us to extend our reach to other markets in Canada and to leverage our knowledge of municipal and school financial processes" said Jim Wilson, President and CEO, Sylogist.
At the same time, Bellamy Software announced that it has received commitments from the Bellamy customer base exceeding $200,000 from municipal and school board customers for the implementation of Questica's TeamBudget budget solution.
About Questica Inc.
Questica, established in 1998, is a software company specializing in budgeting solutions for the public sector. As a Microsoft Gold Partner, Questica utilizes leading technologies such as SQL Server and the Microsoft .NET Framework to provide complete web-based business solutions.
About Bellamy Software and Sylogist Ltd.
Bellamy Software, a division of Sylogist, provides a comprehensive suite of software applications that allow municipalities and school districts to manage their financial, human resources and operational requirements.
Sylogist provides leading enterprise information management and collaboration software applications to municipal, education and private sector customers. We provide an integrated suite of business applications to municipalities that serve their needs for revenue, finance and operations management capabilities. Our education applications provide financial, student information and collaborative web-based systems for the K-12 market. Our industry leading collaborative web solutions enhance teacher, parent and student on-line collaboration driving improved student achievement. The Company's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found at http://www.sylogist.com.
Forward-looking statements: This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and Sylogist's capability to execute and implement its future plans. Actual results may differ materially from those projected by management.
Although Sylogist believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Sylogist can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and Sylogist undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
- The TSX-Venture Exchange does not accept responsibility for the adequacy or accuracy of this release -