MARKHAM, ON and SINGAPORE, April 29 -- CNW/AsiaNet
Geac(R) (TSX:GAC and NASDAQ:GEAC), a global enterprise software company for Business Performance Management, announced today that, working with one of its leading distributors, it has secured a contract in the current quarter valued for Geac at approximately US$250,000. Geac and its distributor will integrate and deploy Geac Performance Management software at a global communications company headquartered in Asia and will support the deployment with professional services and ongoing maintenance.
The customer will deploy Geac Performance Management via the Web forcompany-wide reporting. The Geac system will provide visibility into P&L,balance sheet and cash flow information across the company, and offer keydaily performance metrics.
Geac President and CEO Charles Jones said: "Local market knowledgedelivered by our leading distributor and the depth of functionality providedby Geac Performance Management were key factors in winning this notablecontract in Asia. In the recent quarters, Geac has closed a significant numberof deals through its global distribution network, which underscores thestrength of these alliances and the success of this selling strategy."
Geac Performance Management is an integrated product line that enablescompanies to bolster their effectiveness by tightening the linkage betweenbusiness strategy formulation and operational execution, and by improvingmonitoring, reporting, and decision-making. Geac Performance Managementcomprises modules for planning, budgeting, expense and travel management,forecasting, financial consolidation, and reporting and analysis.
Since acquiring Comshare, Inc. in August 2003, Geac in Asia has extendedthe distribution agreements in place and worked closely to localize GeacPerformance Management for the region's different market requirements.
About Geac
Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software company forBusiness Performance Management, providing customers worldwide with the corefinancial and operational solutions and services to improve their businessperformance in real time. Further information is available athttp://www.geac.com or through e-mail at info(at)geac.com.
This press release contains forward-looking statements that are based oncurrent expectations, including statements regarding the anticipated benefitsto Geac and its customers of the acquisitions of Extensity and Comshare, theeffect of those mergers on Geac's financial condition and results ofoperations and the success of Geac in selling newly developed software to newand existing customers. These forward-looking statements entail various risksand uncertainties that could cause actual results to differ materially fromthose reflected in these forward-looking statements. These risks anduncertainties are substantially unchanged from those presented under the "RiskFactors" heading in the "Key Information" section of our annual report on Form20-F, No. 333-103019, for the year ended April 30, 2003 filed on October 31, 2003 with the United States Securities and Exchange Commission,and available through the website maintained by the Commission at www.sec.gov,and filed on November 3, 2003 with the Canadian Securities Administrators, andavailable through the website maintained by the Canadian SecuritiesAdministrators and the Canadian Depository for Securities at www.sedar.com,which risks and uncertainties are incorporated by reference herein. Geac is aregistered trademark of Geac Computer Corporation Limited. All other marks aretrademarks of their respective owners.
SOURCE: Geac Computer Corporation Limited
CONTACT: Investor Contact:
Melody Firth, Geac,
+1-905-475-0525, x3325,
[email protected];
Asia Media Contact:
Norbert Kiss, Geac,
+65-6352 7170,
[email protected];
North America Media Contact:
Laura Hindermann, Geac,
+1-508-871-5045,
[email protected]
--Distributed by AsiaNet (www.asianetnews.net)--