PROHA TO PROVIDE DOCUMENT MANAGEMENT SOLUTION IN MASA YARDS SHIPBUILDING PROJECT

PROHA TO PROVIDE A SOLUTION FOR DOCUMENT MANAGEMENT IN MASA YARDS SHIPBUILDING PROJECTS Proha Plc and Kvaerner Masa Yards Inc made an agreement on providing an Internet-based document management system for shipbuilding. Proha will provide the service in cooperation with Suomen Raksanet Oy, which is a Finnish subsidiary of the Swedish ECInet Group. The solution is built on the Raksanet-platform for project document management developed by Suomen Raksanet Oy. In the first phase, the service is provided for Masa Yards Inc and its subcontractors in shipbuilding projects taking place in the Turku and Helsinki Shipyards and Piikkiö Works. The implementation and further development of the service will begin in November 2000. "For Proha, this agreement is a significant opening for document management services within the Project Management business area. Beside the shipbuilding industry, this service concept will also fill the needs of other investment project suppliers as well as their clients" says Director Pekka Vaara from Proha. Service for internal and external designers This shipbuilding document management service is meant for both internal and external designers at a shipyard as well as subcontractors. With the service, design work can be done independently of time and place and the client is offered a complete document management solution. The service contains all essential document management functions, such as effective information retrieval and update, versatile printing, copying, distribution, and mailing requests, and communication services. In addition, the solution has interfaces for storing, converting, and scanning services. Functions and services are equally available to all participants of a shipbuilding project according to their user privileges. Proha in a nutshell Proha is a fast growing, profitable, internationally operating software and services company, whose key business areas are Project Management, Financial Management, and Internet Technologies. The net turnover of the Proha Group is over FIM 500 million. Over 4/5 of the net turnover originates from abroad. The Group employs over 600 people over 400 of which work abroad. Proha Plc offers document management system solutions through its Application Service Provider center. The cooperation agreement made between Proha and the Swedish ECINet AB in September on offering document management system services significantly complements Proha's project management software portfolio. The clientele consists of the construction industry and other industrial investors, such as the forest, energy, chemical, and shipbuilding industries, as well as the project suppliers in their service. ECInet Ab in a nutshell ECInet AB (www.e-cinet.com) is the developer and owner of the system platform used in the most comprehensive Internet-based solutions for the real estate and construction business. ECINet is headquartered in Stockholm. The company provides Internet services together with its subsidiaries. ECInet offers services primarily for the real estate and construction business. More information: Proha Plc Director Pekka Vaara, tel. +358 20 4362 000 pekka.vaara@proha.fi http://www.proha.fi DISTRIBUTION: 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/2000/11/15/20001115BIT00120/bit0001.doc http://www.bit.se/bitonline/2000/11/15/20001115BIT00120/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.