Aedian is Announcing the Formation of Aedian Consulting

Aedian is Announcing the Formation of Aedian Consulting

PARIS, Dec. 22 /PRNewswire-FirstCall/ -- From 1 January 2005, Aedian Consulting and its 150 consultants offering specialist services to the financial industry and the public sector will meld the company's know-how in the following areas:

- Management consulting, which is staffed by senior strategy consultants
dedicated to assisting our clients in the insurance and social
protection sectors;

- Project management, where we have a team of top-rated consulting
professionals with extensive experience in the risk-driven management
of complex projects, in particular in the public sector;

- Organization and contractorship management consultancy: supported by
strong industry-specific expertise, our consultants combine their
specialised know-how to address the critical issues of our clients in
the financial industry, in particular in the fields of credit,
securities, and operational risk management.



The formation of Aedian Consulting brings together three entities' know-how (Aedian Organisation, Aedian Strategie and Pia Consulting), in a single location, and benefits the company's efficiency.

The change enhances the visibility of our Consulting business, which accounted for 54% of Aedian's revenues in the last fiscal year. It also meets the demands of our clients, who are streamlining their relationships with consulting firms. It is part of a strategic drive to strengthen Aedian's unique positioning: Aedian Consulting's focus is on services to the financial industry and government, and it has proven its ability to guarantee the results of the assignments that it takes on.

Outlook

The reorganisation will quickly benefit the company's efficiency, and will help the deployment and management of our strategy to grow consulting revenues, based on:

- The consolidation of our strong market positions in the banking
industry and among financial institutions;

- Continuing the growth achieved in the past two fiscal years in the
insurance and the social security sectors;

- Our expansion into the public sector and the utilities industry, where
demand for our service offerings is strong.



Aedian is an IT consultancy and services company focused on the financial industry and the public sector (formerly Sys-com)

KEY FIGURES
Breakdown of sales by market (as of 30 June 2004):

- Banking: 41%
- Insurance: 44%
- Public sector: 15%

A complementary offering:

- Consulting: 54%
- IT services: 46%

Headcount (30 Nov. 2004): 403

- Second Marche
- IT services
- Bloomberg SYS
- Reuter SYS.PA
- ISIN FR0004005924



Source: Aedian

CONTACT: Aedian, Jean-Francois Gautier, Chairman of the Management
Board, jfgautier@aedian.com; Frederic Bourdon, Head of Corporate
Communications, fbourdon@aedian.com, +33-0-1-56-35-30-00; CM-CIC Securities,
Financial communication, Bruno Gaheri, +33-0-1-45-96-79-22,
gaheribr@cmcics.com; MP Conseil, Michelle Pilczer, +33-0-1-47-10-94-94,
mpconseil@mpconseil.com


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