AREMISSOFT TO INVEST ADDITIONAL USD 40 M

Business | June 11, 2001, Monday // 00:00

The US based AremisSoft, a leading software supplier listed at Nasdaq (AREM), USD 525 M market capitalization, are ready to invest additional USD 40 M in the Bulgarian Healthcare system, Vassil Kolev, country manager announced. AremisSoft won a tender at the end of 1999 for developing the software for the Bulgarian National Healthcare Fund and now is ready to participate in the next two stages. Possible competitors might me Microsoft with its Bulgarian partner Rila Solutions. The investment will be for leasing PCs, software and other equipment for 1500 GPs, 130 hospitals and 6000 other specialists”. `We stay firmly on our obligations and can assure that the solutions we provide for the Healthcare Fund are the best ever done in this part of Europe`, Kolev added. AremisSoft employs approximately 1 300 IT specialists, has offices in 20 countries and a portfolio of about 8 000 customers worldwide.

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