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Axia Picks UNIT4 CODA's Accounting Software to Boost Consolidation ProcessSelected for Ability to Handle Multiple Currencies (March 26, 2012)
MANCHESTER, NH -- (Marketwire) -- 03/26/12 -- UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the world's leading provider of business software for fast-changing organizations, today announced that Axia NetMedia Corporation (www.axia.com), a Calgary, Alberta-based company that sells services over fiber optic next generation networks using an open access business model, has selected the Coda Financials Consolidation and Cash Management modules to simplify its accounting consolidation process.
Axia has networks in Alberta, France, Singapore, Spain and Massachusetts with capital invested or scheduled to be invested by Axia and its partners of $2 billion. With more than 200 service providers as direct customers, Axia is expert at bringing broadband infrastructure services to underserviced markets worldwide.
"With operations all over the globe, Axia needs to be able to efficiently handle the accounting demands generated by multiple currencies and International Financial Reporting Standards (IFRS)," said Steven J. Pugh, UNIT4 CODA's CEO. "At the core of our best-of-class accounting software is the flexibility to easily configure the software to accommodate whatever changes a company like Axia can throw at it."
About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $603 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn or visit http://blog.unit4coda.com.
Axia sells services over fiber optic communications infrastructure in jurisdictions that have implemented the Axia NGN Solution. To date, Axia has networks in Alberta, France, Singapore, Spain and Massachusetts. Axia trades on the Toronto Stock Exchange under the symbol "AXX." For further information, please visit Axia's website at www.axia.com.
Media relations contact:
Birnbach Communications for UNIT4 CODA
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