Thursday October 14, 9:32 am Eastern Time
New 3M Software, Exclusively Developed by Forsoft Ltd. Enables Telecommunications Companies to More Effectively Design and Manage Fiber and Copper Telecommunications Networks
HERZLIA, Israel, Oct. 14 /PRNewswire/ -- ForSoft Ltd., (Nasdaq: FORS - news), a
leading provider of large-scale information technology (IT) solutions and
services for telecommunications companies, utilities, banks and other
enterprises is pleased to announce that a unique communication mapping program
has been developed by ForSoft Ltd. exclusively for 3M (NYSE: MMM - news), who will
market the propriety program, as a key element in its suite of products and
services for installing and maintaining outside plant network.
The 3M net
design software manages complex network data required for efficient management
of fiber and copper telecommunications networks.
Mr. Roy Machnes, President of ForSoft Inc. a wholly owned subsidiary of
ForSoft Ltd. said, "The new software allows carriers and telecommunications
service providers to more effectively design and manage fiber and copper
telecommunications networks and maintain an accurate and detailed inventory of
network structures, cables, frames and active units.
The software can also be
used to manage configuration of physical circuits, and will maintain the field
and forecast demographics that drive plant design.
The new software is
designed with open architecture to interface with existing network management
and operational support systems."
Mr. Emanuel Cohen, CEO of ForSoft Ltd. said, "We are extremely pleased
that 3M's Telecom Systems Division is using ForSoft technology for enhancing
their telecommunications solutions.
With 3M utilizing ForSoft technology as a
strategic planning tool in the telecommunications industry, we have taken
another step in fulfilling our stated strategy to further expand our IT
capabilities and presence internationally.
The formation of ForSoft Inc. in
the United States in April of this year has helped us achieve our objective of
working with companies like 3M Corporation.
We have activities underway and
new projects in the pipeline for global market penetration with other large
multinational companies as well." ForSoft Ltd., is a member of the Formula Group (Nasdaq: FORTY - news), which
designs, develops and implements high quality, innovative, business-critical
information systems and software applications for large organizations.
The Formula Group is an international information technology company
principally engaged, through its subsidiaries and affiliates, in providing
software consulting services, developing proprietary software products and
providing computer-based business solutions. For further information on ForSoft Ltd. and the Formula Group, visit the
following web sites:
This press release contains forward-looking statements.
Such statements
involve various risks that may cause actual results to differ materially.
These risks and uncertainties include, but are not limited to, market demand
for the Company's products, successful implementation of the Company's
products, competitive factors, the ability to manage the Company's growth and
the ability to recruit additional personnel
 
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