HELIOGRAPH JOINS FORCES WITH SYSTEMS-INTEGRATION LEADER COVANSYS CANADA

The strategic partnership gives financial institutions operating in Canada the benefits of HelioGraph technology and Covansys Canada integration skills

London, 19 February 2002 – HelioGraph, specialists in financial messaging technology, have appointed systems-integration specialist Covansys Canada Inc., a wholly owned subsidiary of Covansys Corporation (Nasdaq: CVNS),as their first strategic partner in Canada.

Covansys Canada will offer integration services with HelioGraph’s industry-leading Straight Through Processing (STP) solutions to financial companies in Canada.
Covansys Canada is one of North America’s leading services companies,specialising in systems integration,industry-specific solutions, and strategic outsourcing. Financial institutions using Covansys Canada include TAL
Investments and National Bank of Canada.

The agreement is HelioGraph’s latest strategic partnership in North America, and marks an important new milestone for the company’s recently established New York office. Although the current agreement relates solely to Canada, it may later be extended to other territories as the partnership develops.

"This strategic alliance leverages the strengths of two market-leading technology companies," said Amery Thomas, CEO, HelioGraph Inc. "Covansys Canada is one of North America’s leading systems integration companies, with a
strong and loyal customer base in Canada, and HelioGraph is a world leader in STP. Our partnership will help Covansys Canada to extend its reach within financial services institutions in Canada, and will help HelioGraph
to accelerate its already-successful progress in North America."

Particularly important to Covansys Canada was the fact that Helio Message Broker ® is strongly endorsed by S.W.I.F.T., which once again granted it SWIFTReady Gold accreditation for Enterprise Application Integration (EAI) this year, the highest accreditation possible.

"Covansys Canada chose HelioGraph as its strategic partner after a thorough review of financial messaging technology. HelioGraph has the leading financial
messaging solution in the market, and Covansys Canada has unrivalled integration skills and strong experience in capital markets." said Denis Lefebvre, President, Covansys Canada. "Together, we can offer financial
institutions complete solutions that meet the challenges of moving to Straight Through Processing and T+1 settlement."

HelioGraph products are designed specifically for the financial sector and incorporate some of the most powerful and flexible STP technology available: the SWIFTReady Gold accredited Helio Message Broker® with its component-based, data field dictionary architecture.
HelioGraph solutions include Helio TradeFlow ®, the complete post-trade STP platform and eVent ®, the market-leading corporate-actions workflow solution.

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