IMRglobal Corp. Awarded Multi-Million Dollar Contract with CMA-CGM Group

Strategic Insights -

IMRglobal Corp., a leading global provider of IT services, has been awarded a multi-million dollar contract with CMA-CGM Group, a large European shipping group. The contract involves the development and implementation of applications using component-based development technology, which will help CMA-CGM increase the efficiency and flexibility of their supply chain management system. The project is strategic in nature, considering the impending merger of CMA and CGM, and will help ensure the continued development of the company in a highly competitive environment.

Key Takeaways:

  • IMRglobal Corp. has been awarded a multi-million dollar contract with CMA-CGM Group, a large European shipping group, to develop and implement applications using component-based development technology.
  • The project involves the development of new applications specifically designed to increase the efficiency and flexibility of CMA-CGM's supply chain management system.
  • IMRglobal's component-based technology offers platform independence, allowing clients to continuously upgrade their technology without the cost of rebuilding their applications.
  • The technology has a high reusability rate of approximately 70% or higher, enabling IMRglobal to reduce the normal application development life cycle, improve quality, and cut costs.
  • CMA-CGM will be able to reduce the time-to-market, allowing them to better service their customers around the world.
  • The contract is strategic in nature, considering the impending merger of CMA and CGM, and will help ensure the continued development of the company in a highly competitive environment.
  • Captain Kevork Hekimian, Senior Vice President of Logistics at CMA-CGM, stated that the success of this project will help CMA-CGM compete in a global marketplace.
  • Satish K. Sanan, Chairman and CEO of IMRglobal, stated that the high growth rate of the European marketplace and the acceptance of component-based technology enables IMRglobal to further expand its geographical presence.
  • About CMA-CGM Group, a leader in the shipping industry with regional offices located in New York, Hong Kong, Sydney, and other cities worldwide.
  • CMA-CGM Group has 270 branch offices and approximately 3000 employees, and its major activity is container transportation over regular sea routes.
  • The company posted 1998 revenues of $1.5 billion, with a net income of $35 million.

Statistics:

  • Approximately 70% or higher reusability rate of IMRglobal's component-based technology.
  • CMA-CGM Group has 270 branch offices worldwide.
  • CMA-CGM Group has approximately 3000 employees worldwide.
  • CMA-CGM Group posted 1998 revenues of $1.5 billion.
  • CMA-CGM Group's net income in 1998 was $35 million.

Sources:

  • IMRglobal Corp. press release, September 10.
  • CMA-CGM Group website, [www.cma-cgm.com](http://www.cma-cgm.com).
  • IMRglobal Corp. website, [www.imrglobal.com](http://www.imrglobal.com).