Consist Software Solutions Enters Into $200 Million Agreement with IBM to Deliver New Business Applications

NEW YORK and SAO PAULO .- Consist Software Solutions Inc., a leading provider of information technology applications and IBM (NYSE: IBM) announced a technology agreement with multi-year potential revenue in excess of $200 million (US) that enables Consist to standardize its applications on IBM software.

Consist will provide its clients in the financial services, telecommunications, energy and utilities, government and healthcare industries with new software applications that embeds IBM’s software portfolio to support new IT infrastructure projects. Consist chose to standardize on IBM software to provide clients with a scalable and reliable platform to help transform their business and reduce operational costs.

With today’s news, Consist announced two new software applications built on IBM DB2 database software to help customers more efficiently develop, deploy and manage applications across the enterprise and make more informed business decisions. ConsistADS is an advanced development platform that enables NATURAL* language developers to quickly deploy new and existing applications within their existing IT infrastructure, helping to reduce maintenance costs and drive more value out of existing IT assets.

ConsistBIS is a comprehensive business application suite that provides clients with a personalized portal that integrates data to help decision makers conduct management strategy, business intelligence, business process management, human resources management and other key business functions.

The new applications are the first in a suite of Consist software that will include the entire IBM software portfolio including DB2, Cognos, WebSphere, Rational, Tivoli and Lotus. The Consist portfolio includes ConsistGEM -- Global Enterprise Management; ConsistGRP -- Government Resource Planning; ConsistHR -- Human Resource Management; ConsistGPA -- Business Process Management; ConsistBI -- Strategic Management Suite; ConsistIMS -- Insurance Management System; ConsistHMS -- Healthcare Management System; and ConsistEPM -- Enterprise Project Management.

“IBM software complements our strategy to expand into new markets worldwide and better meet the needs of our clients,” said Consist CEO and Founder Natalio Fridman. “Our mission is to be the strategic information technology partner for our clients and IBM software now provides the foundation for Consist’s entire line of software offerings. By partnering with IBM, Consist will be able to enhance the value proposition to our clients.”

Consist is a leading provider of software applications for IBM System z mainframes. The company has a rich history of providing software applications to clients across Latin America including Argentina, Brazil, Mexico, Chile, Paraguay, Uruguay and Colombia. Consist also has a presence in Spain, Germany, Portugal and Israel. With the new agreement, the company is looking to expand operations to new markets including the United States, Canada, Australia, United Kingdom, Japan and South Africa.

“Clients today are looking for technologies from trusted partners who can help address their most pressing business issues,” said Rob Thomas, vice president, Information Management, IBM. “The combination of Consist and IBM technologies are tailored to the unique needs of our joint customers and provides an innovative platform companies can use to grow their business.”

The first Consist company was founded in 1972, now part of the Consist Group, which includes Consist Software Solutions Inc. and affiliated companies, is a leading information technology vendor. It delivers strategic business solutions consisting of numerous applications and systems software, consulting and outsourcing services to major corporate and public sector customers across 30 countries.