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Jade wins further Development Contract

Thursday, 5 June 2008, 5:20 pm
Press Release: Jade Software

JADE SOFTWARE CORPORATION NEWS RELEASE

5 June 2008

Jade wins further Development Contract with potential value of $20 million

Two years ago Jade Software Corporation Limited (Jade) sold its health IT business to UK health software and related services supplier Ascribe PLC in a transaction which netted millions of dollars from the sale of Intellectual Property Rights and future services with Jade.

Under the terms of that agreement, Jade was to provide software development and support services to Ascribe until April 2008. Ascribe in turn assumed ownership of the software and responsibility for marketing and business development, and health customer relationship management.

In a show of continuing commitment and confidence in the JADE applications, Jade has announced that, with effect from 1 May 2008, Ascribe had entered into a multi year agreement to buy application development and support services worth around $4 million per annum.

The contract is likely to run for at least five years according to Jade’s Managing Director Dr. Rod Carr.

ENDS

ABOUT JADE SOFTWARE CORPORATION
Jade Software Corporation (JSC) is a specialist technology services company with more than 25 years experience in helping organisations quickly respond to business, customer and supplier demands.

We create targeted solutions that enable responsive businesses to rapidly manage specific and complex information requirements. By combining our expertise and agile development methodology, we’ve enabled customers worldwide to deliver business-critical information that provides strategic impact with the reliability and robustness that comes from a mainframe computing heritage.

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More than 3,000 organisations across Europe, North America, and Asia Pacific use Jade solutions to manage their specific information requirements. Our customers span multiple sectors, including logistics, shipping, finance and insurance, national security, health, education, human resource management, and enterprise risk assessment.

A privately owned New Zealand based company, Jade has offices in New Zealand, Australia, the United States, Canada and the United Kingdom. For more information visit: www.jadeworld.com

ENDS

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