Schroder Investment Management Limited Awards IMRglobal $5.5 Million Maintenance Outsourcing Project

Apr 19, 2001, 01:00 ET from IMRglobal Corp.

    CLEARWATER, Fla., April 19 /PRNewswire/ -- IMRglobal Corp. ("IMRglobal")
 (Nasdaq: IMRS), a leading global provider of end-to-end information technology
 solutions, announced today that it has been awarded a second multi-year
 application maintenance outsourcing project by Schroder Investment Management
 Limited ("Schroders").  The maintenance services provided by IMRglobal are
 intended to support and maintain several of Schroders' business applications,
 however, do not involve support for the infrastructure and systems that run
 the applications.
     The latest project, estimated at $5.5 million, is in addition to a
 $7.5 million, multi-year maintenance outsourcing contract awarded to IMRglobal
 by Schroders in mid-1999.  Today's announcement encompasses outsourcing
 maintenance and support services for Schroders' Fund Managers Product Database
 system.  These two maintenance outsourcing deals are in addition to several
 other projects that IMRglobal has undertaken for Schroders, including the
 successful completion of their Y2K and European Monetary Union (EMU)
 conversions during the period from 1997 to 1999.
     "With IMRglobal's assistance, our Y2K and the phase one EMU conversion
 projects have been satisfactorily addressed," said Lester Gray, chief
 operations officer of Schroders.  "IMRglobal will now handle our day-to-day
 application maintenance needs so that Schroders can focus on strategic
 initiatives to enhance our competitive position in today's complex financial
 services marketplace."
     "This new project represents yet another milestone in our expanding
 relationship with Schroders," said Satish K. Sanan, president and CEO of
 IMRglobal.  "We are proud to have been chosen for this important work, and we
 believe our selection is attributable to our depth of domain knowledge in the
 capital markets area, as well as our successful history of timely delivery on
 previous Schroders' projects.  We look forward to continuing this longstanding
 partnership."
 
     About IMRglobal Corp.
     IMRglobal is a leading global provider of end-to-end information
 technology solutions to Fortune 500 and Global 2000 companies in key vertical
 industries.  Those industries include financial services, healthcare,
 government, utilities, retail and manufacturing/distribution.  IMRglobal's
 services include business consulting, e-business, software development,
 application maintenance and professional services.  For more information on
 IMRglobal, visit www.imrglobal.com .
 
     About Schroders plc
     Schroders is a leading international asset management group, with nearly
 200 years experience and with over #132 billion funds under management.  Apart
 from managing investments on behalf of pension funds, government bodies,
 charities, corporations, family groups and high net worth individuals
 throughout the world, Schroders is a leading manager of unit trusts and other
 mutual funds.  Schroders offers investments across all major asset classes in
 developed and emerging countries; public equities and debt, money markets,
 private equities and property.  Schroders employs 3,000 staff world-wide
 through 41 offices in 29 countries and territories.  Further information about
 Schroders is located on the following sites: Corporate & Institutional:
 www.schroders.com; Retail & Investment Funds: www.schroders.co.uk ; Mutual &
 Off-shore Funds: www.schroders.lu .
 
     Safe Harbor Statement
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995: With the exception of statements regarding historical matters and
 statements regarding the company's current status, certain matters discussed
 herein are forward-looking statements that involve substantial risks and
 uncertainties. These forward-looking statements may include those identified
 by the use of the words "anticipate," "believe," "estimate," "expect,"
 "intend" and similar expressions. Actual results, performance or achievements
 could differ materially from these forward-looking statements.  Factors that
 could cause or contribute to such material differences include the failure to
 convert prospects into actual business, risks related to our merger and
 acquisition strategy, variability of operating results, potential cost
 overruns on fixed-price projects and competition in the IT services industry.
 A discussion of these and other risk factors that may cause actual results to
 differ from these forward-looking statements can be found in the company's
 periodic filings with the SEC under the Securities Exchange Act of 1934.
 
 

SOURCE IMRglobal Corp.
    CLEARWATER, Fla., April 19 /PRNewswire/ -- IMRglobal Corp. ("IMRglobal")
 (Nasdaq: IMRS), a leading global provider of end-to-end information technology
 solutions, announced today that it has been awarded a second multi-year
 application maintenance outsourcing project by Schroder Investment Management
 Limited ("Schroders").  The maintenance services provided by IMRglobal are
 intended to support and maintain several of Schroders' business applications,
 however, do not involve support for the infrastructure and systems that run
 the applications.
     The latest project, estimated at $5.5 million, is in addition to a
 $7.5 million, multi-year maintenance outsourcing contract awarded to IMRglobal
 by Schroders in mid-1999.  Today's announcement encompasses outsourcing
 maintenance and support services for Schroders' Fund Managers Product Database
 system.  These two maintenance outsourcing deals are in addition to several
 other projects that IMRglobal has undertaken for Schroders, including the
 successful completion of their Y2K and European Monetary Union (EMU)
 conversions during the period from 1997 to 1999.
     "With IMRglobal's assistance, our Y2K and the phase one EMU conversion
 projects have been satisfactorily addressed," said Lester Gray, chief
 operations officer of Schroders.  "IMRglobal will now handle our day-to-day
 application maintenance needs so that Schroders can focus on strategic
 initiatives to enhance our competitive position in today's complex financial
 services marketplace."
     "This new project represents yet another milestone in our expanding
 relationship with Schroders," said Satish K. Sanan, president and CEO of
 IMRglobal.  "We are proud to have been chosen for this important work, and we
 believe our selection is attributable to our depth of domain knowledge in the
 capital markets area, as well as our successful history of timely delivery on
 previous Schroders' projects.  We look forward to continuing this longstanding
 partnership."
 
     About IMRglobal Corp.
     IMRglobal is a leading global provider of end-to-end information
 technology solutions to Fortune 500 and Global 2000 companies in key vertical
 industries.  Those industries include financial services, healthcare,
 government, utilities, retail and manufacturing/distribution.  IMRglobal's
 services include business consulting, e-business, software development,
 application maintenance and professional services.  For more information on
 IMRglobal, visit www.imrglobal.com .
 
     About Schroders plc
     Schroders is a leading international asset management group, with nearly
 200 years experience and with over #132 billion funds under management.  Apart
 from managing investments on behalf of pension funds, government bodies,
 charities, corporations, family groups and high net worth individuals
 throughout the world, Schroders is a leading manager of unit trusts and other
 mutual funds.  Schroders offers investments across all major asset classes in
 developed and emerging countries; public equities and debt, money markets,
 private equities and property.  Schroders employs 3,000 staff world-wide
 through 41 offices in 29 countries and territories.  Further information about
 Schroders is located on the following sites: Corporate & Institutional:
 www.schroders.com; Retail & Investment Funds: www.schroders.co.uk ; Mutual &
 Off-shore Funds: www.schroders.lu .
 
     Safe Harbor Statement
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995: With the exception of statements regarding historical matters and
 statements regarding the company's current status, certain matters discussed
 herein are forward-looking statements that involve substantial risks and
 uncertainties. These forward-looking statements may include those identified
 by the use of the words "anticipate," "believe," "estimate," "expect,"
 "intend" and similar expressions. Actual results, performance or achievements
 could differ materially from these forward-looking statements.  Factors that
 could cause or contribute to such material differences include the failure to
 convert prospects into actual business, risks related to our merger and
 acquisition strategy, variability of operating results, potential cost
 overruns on fixed-price projects and competition in the IT services industry.
 A discussion of these and other risk factors that may cause actual results to
 differ from these forward-looking statements can be found in the company's
 periodic filings with the SEC under the Securities Exchange Act of 1934.
 
 SOURCE  IMRglobal Corp.