STOCKHOLM, Sweden, Dec. 4, 2002 (PRIMEZONE) -- Earlier today, it was announced that WM-data (Other OTC:WMDTF) and DMdata are initiating cooperation within IT operations in the Nordic region. As a result of this action, SDC is repurchasing 50% of the shares in the former jointly-owned Danish operating company WM-data SDC.
In April 2000, WM-data acquired half of the shares in Danish SDC A/S, which originated within the Danish savings banks. A joint operating company was formed with the aim of delivering IT operations, primarily to the financial sector in Denmark. As reflected in the information released earlier today, WM-data is now initiating a Nordic cooperation with DMdata with the aim of strengthening WM-data's long-term competitiveness throughout the Nordic region. As a result, SDC is repurchasing 50% of the shares in the former jointly-owned Danish operating company WM-data SDC.
For further information please contact:
Crister Stjernfelt, CEO WM-data +46 8 670 20 55 E-mail crstj@wmdata.com Anna Brogren, Press Officer WM-data +46 670 7172 e-mail anbon@wmdata.com
WM-data is one of the Nordic area's leading IT companies. Group sales amount to about SEK 7,500 million, with approximately 7,000 employees. WM-data's business concept is to provide tangible customer benefit through a complete range of value-adding IT-related services for selected customer segments. For more information, visit www.wmdata.se
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www.waymaker.net/bitonline/2002/12/04/20021204BIT00100/wkr0001.doc www.waymaker.net/bitonline/2002/12/04/20021204BIT00100/wkr0002.pdf