cBrain executes growth plan, remaining on target

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Company Announcement no.11/2024 cBrain executes growth plan, remaining on target Copenhagen, November 7, 2024 Driven by expanding partnerships and large contracts globally, cBrain (NASDAQ: CBRAIN) intends to become a leading supplier of COTS (commercial off-the-shelf) software for government.

However, many of these projects encounter significant challenges, often resulting in delays and budget overruns due to the complexity of implementing best-of-breed solutions.cBrain is challenging the traditional government IT approach by offering standard software, commonly known as commercial off-the-shelf (COTS) software.

However, several government agencies, including leading Danish government institutions, have recently started to adopt COTS, recognizing the benefits of standardized software.cBrain expects that the transition to COTS for Government will significantly reduce the need for IT consulting services, prompting a major shift in the global government IT industry.

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Author / Journalist: cBrain A/S

Category: Technology

Markets: ChinaDenmarkGermanyGhanaIndiaKenyaUnited States

Topics: Copenhagen:CBRAIN DK0060030286

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

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Article Type: News Report

Published On: 2024-11-07 @ 08:09:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1359 words

Reading Time: 8 minutes read

Sentences: 59 lines

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