I.R.I.S. Expands Its European Institutions Activities

(PresseBox) ( Louvain la Neuve, )
I.R.I.S. Group S.A., a company listed on EURONEXT Brussels and specialized in Intelligent Document Recognition, in electronic Document, Content and Process Management and in optimized IT infrastructure announced today an extension of its activities with the European Commission.

This new I.R.I.S. business development will allow the Belgian company to extend its role in 2012 with about twenty new resources.

Pierre De Muelenaere, President and CEO: "I.R.I.S. was already very active among International Institutions in Belgium, Luxembourg and other countries like The Netherlands, Spain, Germany or The United Kingdom, providing them with technical staff and turnkey applications in the fields of ECM (with Documentum®, SharePoint®, Livelink, etc.), document capture and ICT (IT Infrastructures). This business extension is perfectly in line with our strategic positioning, and a perfect opportunity to bring to light one of the fundamental segments I.R.I.S. specializes in."

Brigitte Niset and Daniel Boujo (General Managers at I.R.I.S. International Organizations): "I.R.I.S. is very active with the European Organization. For one of our major contract, we are in consortium with Unisys Belgium, Intrasoft, Sogeti and Reggiani. Together we play a key role in providing the European Commission with a broad range of Information Technology (IT) services.

In 2011 this Consortium won a large IT contract with the European Commission, the largest framework agreement for provision of staff issued by the European Commission's Directorate-General for Informatics (DIGIT). It covers a wide range of IT services in the fields of document management, web content management, geographical data management, information and data analysis tools, information security and quality, and user assistance.

Denis Hermesse, CFO: "This business development strengthens a very important business line at I.R.I.S. and it will contribute positively to I.R.I.S.' EBIT in 2012"

Financial calendar and financial information
- Publication of the full financials for 2011: 22 March, 2012
- Annual General Meeting: 15 May 2011 at 9 a.m.
- Annual report: last week of April 2011
- Publication of the half-year results: 23 August, 2012

Forward Looking Statements

This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of I.R.I.S. and its affiliates. These statements are based on the current expectations or beliefs of I.R.I.S.'s management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and solutions, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. I.R.I.S. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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