New Poland-based IT company launches cyberspace initiative

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Computer Associates International, a leading provider of eBusiness solutions, and Softbank SA, Poland’s foremost software and IT solutions company, have signed a letter of intent to establish a new joint venture.

The new company will hasten Central and Eastern Europe’s participation in the global IT market. Based in Poland, it will offer fast internet access to end users and the eBusiness community. It will also leverage the ASP model to deliver selective applications and services to business entities in the region. By the elimination of initial purchasing software licenses and corresponding hardware platforms, clients will have lower startup and operating costs.

“This joint venture underscores CA’s commitment to the European market, in particular Central and Eastern Europe,” said CA CEO Charles Wang. “It will strengthen the advanced standard of computer technology in the region by combining the technical talent of local programmers with CA’s research and development efforts throughout the world. It is an ideal opportunity to help bring European businesses squarely into the global digital economy.”

“Businesses in Central and Eastern Europe are facing the same complex IT issues that western corporations are coping with,” said Aleksander Lesz, president of Softbank. “This joint venture is uniquely positioned to help market streamline IT operations, improve efficiency and reduce the cost of deploying sophisticated software solutions.”

CA and Softbank will hold respectively 51 and 49 per cent of the shares of the joint venture.

CA International delivers the end-to-end infrastructure to enable eBusiness through innovative technology, services and education. The company has 20,000 employees worldwide and had revenue in excess of $6 billion for the fiscal year ended 31 March 2000.

Softbank SA is the largest Polish software house specializing in automation of banking operations, and one of the largest hardware suppliers. The company was incorporated in 1989, and employs more than 700 bankers, analysts, software developers and designers. The company held first position in Computerworld’s TOP 200 rankings; in 1999 as software supplier for banking sector, and in 1998 as Polish producer of IT ready-made software packages. It is listed on the Warsaw Stock Exchange.

Softbank

Computer Associates

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