ACCPAC Names First Russia-Based Distributor.

PLEASANTON, Calif., Nov. 21 /PRNewswire/ --

Calling Russia and the other Commonwealth of Independent States (CIS) a major, long-term growth market, ACCPAC International, Inc., a division of Computer Associates' (NYSE: CA) interBiz group, today announced that it has bolstered its presence there by naming its first distributor for the region.

A reseller of ACCPAC(R) accounting software solutions, VDEL Ltd. is finalizing a fast-flow distribution process as part of aggressive plans to select resellers for small and medium-sized enterprises (SMEs) over the next 12-18 months in the third largest country in the world and the rest of the CIS.

"The Russian market is on an encouraging growth curve as more entrepreneurs are taking hold in this evolving market. Many small businessmen there are starting to look closely at the efficiency that proven, fully-integrated accounting software solutions can bring to their operations without any disruption to the flow of their business activities," said ACCPAC regional manager, Europe, Cyrus Razzaghi.

ACCPAC has appointed VDEL as its Russian and CIS distributor, based on its evaluation of their performance as an ACCPAC reseller and its assessment of what the company is capable of achieving as its regional distributor.

VDEL, which specializes in bringing proven Western accounting and financial software solutions into Russia and adjacent CIS countries, has taken an aggressive role during the past few years not only in reselling ACCPAC software in Russia, but also in translating and localizing the software for the region.

VDEL originally selected ACCPAC because of the software's ease of use, rich functionality and flexibility. Using a systematic, comprehensive business management system makes it easier for SMEs in the CIS and elsewhere to reign in operational costs by maintaining an accurate, integrated accounting of all aspects of their business expenses and revenues. Moreover, recent changes in Russian accounting and taxation laws toward generally accepted accounting practices around the globe is expected to significantly increase interest in comprehensive, integrated financial management software.

Among VDEL clients now using ACCPAC solutions are several internationally recognizable clients including Shell Chemicals, Olympus and Dell Systems.

Milan Prohaska, member of the VDEL Board of Directors, noted: "We have transformed our business to become a distributor on the back of a very strong, internationally recognized product. With the distribution channel we are creating, ACCPAC will add considerably to the inroads it has already made in Russia."

As ACCPAC's Russian distributor, VDEL will be recruiting and supporting new and existing business partners, as well as taking a leading role in marketing and promotional activities for ACCPAC solutions. VDEL also will manage the translation and localization of all new ACCPAC products for the region.

About ACCPAC

ACCPAC International, Inc., a division of Computer Associates' interBiz group, empowers small and medium-sized enterprises to compete in the Internet economy through a broad range of business management and e-business software solutions. Award-winning product lines include ACCPAC Corporate Series(TM), ACCPAC Small Business Series(TM), ACCPAC Discovery Series(TM), ACCPAC eAdvantage Suite(TM), ACCPAC Executive Series(TM), ACCPAC Pro Series(TM), ACCPAC VisionPoint(TM), ACCPAC Director Series(TM), Simply Accounting(R), FAXserve(TM) and BitWare(R).

Based in Pleasanton, California, USA, with offices in the UK, Australia, Canada, Singapore, South Africa and Mexico, ACCPAC has more than 550,000 registered clients and 5,500 business partners in more than 100 countries worldwide. Visit ACCPAC at www.accpac.com and www.accpaconline.com.

About VDEL

Based in Moscow, VDEL Ltd. has specialized in localizing, translating, installing and integrating Western business management software for Russian businesses since 1993. VDEL is the ACCPAC International distributor for Russia and CIS. The company has developed strategic relationships with many companies having complementary offerings in different industry sectors, such as Computer Associates, IBM, Brio Technology and several major Russian consulting companies and system integrators.

Certain statements in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ from those described or contemplated.

NOTE: ACCPAC, the ACCPAC logo, ACCPAC Corporate Series, ACCPAC Small Business Series, ACCPAC Discovery Series, ACCPAC eAdvantage Suite, ACCPAC eTransact, ACCPAC iConnect, ACCPAC Executive Series, ACCPAC Pro Series, ACCPAC VisionPoint, ACCPAC Director Series, Simply Accounting, FAXserve and BitWare are either registered trademarks or trademarks of ACCPAC International, Inc. or its affiliates in the United States and/or other countries. All other marks are trademarks or registered trademarks of their respective companies.