JACKSON, MISSISSIPPI and SAO PAULO, BRAZIL - APRIL 16, 1999 -
MCI WorldCom today purchased a two-thirds stake in Proceda Technology,
one of Brazil's leading computer services providers. SHL
Systemhouse Inc., a subsidiary of MCI WorldCom, acquired the other
one-third interest in 1996.
MCI WorldCom purchased its stake from Partech, the holding company
owned by Equifax, Andrade Gutierrez and SOCMA Americana, to accelerate
Proceda's future IT strategy and growth.
Proceda has been striking a record number of customer contract wins
lately with the most recent being Petros, the pension fund management
company of Petrobras, the Brazilian oil and gas conglomerate, for over
R$8.5 million. Proceda also recently negotiated a new 5 year contract
with UNNISA, a large credit card processing company, worth in excess of
R$100M.
Proceda is one of the leading Information Technology companies in
Brazil, with annual revenues of more than R$70 million. The
company's blue chip client roster includes: Ericsson, Ford,
Visanet, Cacique, BMG, BicBanco, Losango and Unnisa. The most recent
issue of IDG's "100 Best IT Companies in Brazil" lists
Proceda as having the best "systems outsourcing" strategic
positioning in the industry.
MCI WorldCom is a global communications company with revenue of more
than $30 billion and established operations in over 65 countries
encompassing the Americas, Europe and the Asia-Pacific regions. MCI
WorldCom is a premier provider of facilities-based and fully integrated
local, long distance, international and Internet services. MCI
WorldCom's global networks, including its state-of-the-art
pan-European network and transoceanic cable systems, provide end-to-end
high-capacity connectivity to more than 40,000 buildings worldwide. For
more information on MCI WorldCom, visit the World Wide Web at
http://www.wcom.com.
