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CONTACT INFORMATION
Jeff Bender; CEO
jbender@harriscomputer.com
Melanie Judge, CFO
mjudge@harriscomputer.com
FOR IMMEDIATE RELEASE
Harris Announces The Purchase
Of The Business Assets Of Government E-Management Solutions, Inc.
(“GEMS”) From Cass Information Systems, Inc.
OTTAWA, ONTARIO, January 5, 2006 - Harris Computer
Systems ("Harris"), a leading provider of financial management
and customer information software solutions for local governments
and utilities, today announced that it has purchased substantially
all of the assets and assumed certain liabilities of Government
e-Management Solutions, Inc. ("GEMS") from Cass Information
Systems, Inc. ("Cass").
As a result of the sale, Harris owns the complete product suite
of all of GEMS financial management, HR/Payroll, revenue management
and tax related solutions. Harris will immediately be responsible
for the on going support, development, service and sales for the
GEMS solutions and for more than 100 GEMS customers currently using
these solutions. Harris now services over 3,500 customers throughout
North America, the majority of which are in the United States.
In addition, virtually all GEMS employees have become employees
of Harris and will continue to serve the current and growing customer
base. This group of employees adds to the depth, experience and
talent at Harris, bringing the total number of employees to 290.
Harris will also maintain the existing GEMS office location near
St. Louis, Missouri to manage customer support, professional services,
sales and marketing and ongoing development of the GEMS product
suite.
Harris CEO Jeff Bender stated, "We are extremely excited about
the opportunity to add the GEMS customer base, product suite and
employee group to our Company. GEMS and its employees have consistently
focused on building long term mutually beneficial relationships
with their customers – a key attribute under the Harris business
model. We will provide all of our new customers with outstanding
service and support, a number of excellent options for the future,
and a lot of flexibility. We believe in working with our customers
to address their specific needs and circumstances and do not believe
in forcing our agenda. With this transaction, we will also be able
to expand the sales channel available for the GEMS product suite
and create an opportunity to significantly increase the size of
the current GEMS business unit."
"GEMS meshes perfectly with the Harris portfolio," said
Lawrence A. Collett, Cass Chief Executive Officer and chairman.
"While our four-year stewardship of GEMS generated an overall
positive outcome, the company was not a core element of our growth
strategy. We believe that GEMS customers and employees will be in
better hands with Harris given its exclusive focus on providing
software solutions."
About Harris
Harris is a leading provider of financial management and Customer
Information Systems (CIS) software solutions. Since 1976, Harris
has focused on providing feature-rich and robust turnkey solutions
to all levels of local government as well as public power and water
markets throughout North America. Harris' focus is on creating long-term
relationships with our customers and ensuring that we meet the changing
needs of our customers over time. For further information on Harris
Computer Systems, please visit our website at www.harriscomputer.com.
About Cass Information Systems, Inc.
Cass Information Systems is the nation's leading provider of freight,
utility and telecom invoice payment, rating, auditing and information
services. The company, which has been involved in the payables services
and information support businesses since 1956, pays over $14 billion
annually in freight and utility invoices on behalf of its customers
from processing centers in St. Louis, Mo., Columbus, Ohio, Boston,
Mass. and Greenville, S.C. The support of its bank subsidiary, Cass
Commercial Bank, founded in 1906, makes Cass Information Systems
unique in the industry.
Contact Kenn Entringer at Casey Communications, Inc., 314/721-2828.
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