Proha made a co operation agreement with columbuseis finland oy

PROHA MADE A CO OPERATION AGREEMENT WITH COLUMBUSEIS FINLAND OY Proha Plc made an agreement with ColumbusEiS Finland Oy on offering its ColumbusEiS systems world wide as a part of Proha's ASP and Internet Accounting Partners (IAP) services within the financial management business area. The agreement also covers traditional retailing. In addition, ColumbusEiS system is used for planning, managing, and controlling in Proha Group. Pekka Pere, CEO of Proha, says that the agreement complements the present financial management portfolio. ColumbusEiS is a leading tool for cash flow based future accounting and will become an important part of Proha's financial management services. ColumbusEiS Finland Oy in a nutshell ColumbusEiS Finland Oy is a product development company that has developed an executive information system called ColumbusEiS for cash flow-based future accounting. ColumbusEiS is the first and so far the only software in the market that is able to illustrate accurate cash flow paths as well as income statements and balance sheets. ColumbusEiS Finland Oy was founded in 1994. Currently the company has 5 employees. Proha in a nutshell Proha is a fast growing, profitable, internationally operating software and services company. The key business areas are Project Management, Financial Management and Internet Technologies. Along with the purchase of the American Artemis Management Systems in the summer of 2000 and the agreed European acquisitions in September 2000, the pro forma net turnover of the Proha Group will exceed FIM 500 million. Over 4/5 of the net turnover originates from outside Finland. The Proha Group employs over 600 people over 400 of which work in the United States, Great Britain, France, Germany, Italy, and Japan. Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.fi http://www.proha.fi COLUMBUS EIS OY CEO Antti Puhakka +358-500-844 456 antti.puhakka@columbuseis.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/10/20001110BIT00150/bit0001.doc http://www.bit.se/bitonline/2000/11/10/20001110BIT00150/bit0002.pdf

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Proha is globally operating software group operating in Project Management (Artemis), Financial Management (Accountor), and ASP services (Intellisoft). Pro forma net sales were EUR 82.2 mio in 2000, number of personnel nearly 700.