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Geac Wins US$1.6 Million Contract for Integrated Design-to-Retail
Solution
UK-based action sports brand Animal invests with Geac to support its growing
retail operations
MARKHAM, ON and SOUTHBOROUGH, MA, June 23 /PRNewswire-FirstCall/ -- Geac(R)
(TSX: GAC, NASDAQ: GEAC) today announced it has won a US$1.6 million contract
from Animal, one of the UK's fastest growing action sports brands, for an
integrated, design-to-retail software solution. The system - which incorporates
a range of integrated Geac products to cover Animal's entire business process,
from design to cash collection at point-of-sale - was one of three contracts in
excess of $1 million Geac closed in the fourth quarter of fiscal year 2005
(please see Geac's fourth quarter and year-end results announced June 22,
2005).
"Geac has made a concerted effort to integrate our various product lines, be
they the result of internal product development, strategic partnerships or
acquisitions. This sale demonstrates the compelling synergies that exist across
Geac product families, and illustrates the value we can deliver to customers
who seek an integrated solution," Charles S. Jones, Geac's President and Chief
Executive Officer, said. "Currently, more than 400 of the world's leading
apparel companies use Geac software to manage their operations. Animal joins
our already impressive list of global apparel customers, including other
well-known brands such as Rip Curl, Tommy Hilfiger, Barbour and VF Europe."
Animal's solution will support its growing retail business and more effectively
manage its increasingly complex supply chain. It includes Geac System21 Aurora
enterprise resource planning (ERP) software; Quest PLM (product lifecycle
management) software for collaborative design and development; SellIT Customer
Relationship Management (CRM); and Performance Analyser for operational
performance management. Quest PLM and SellIT come from RunTime, Geac's
specialist division serving the apparel and footwear industry. Third-party
products will also be provided as part of the integrated solution, including
the WinTill retail suite and Indigo Software's fully interactive warehousing
software. The implementation commenced in May and is expected to be completed
in January 2006.
Animal started operations in 1987 with the production of sports watches for
surfers. Now the Animal range incorporates clothing, watches, eyewear,
footwear, luggage and accessories, and is currently sold through Animal's own
branded stores and other retail outlets such as Free Spirit. Animal's decision
to buy the Geac solution was inspired by its aggressive growth program, which
is expected to see an increase from five to 15 Animal-owned and branded stores
by the end of 2006.
Richard Tape, General Manager for Animal, said, "Although we evaluated a range
of ERP and retail software specialists, Geac was the only supplier able to
provide us with a complete 'end-to-end' solution that is tightly integrated.
The product design and development software is expected to substantially reduce
our product 'time to market.' We'll use this PLM software to manage product
concept, design, production, distribution and logistics worldwide."
Another major reason Animal chose the Geac solution was the tight integration
between the back office operational systems and WinTill's specialist retail
suite for cash management at point-of-sale.
About Geac
Geac (TSX: GAC, NASDAQ: GEAC) is a global enterprise software company that
provides best-in-class technology products and services to help organizations
do more with less in an increasingly competitive environment, amidst growing
regulatory pressure, and in response to other business issues confronting the
CFO. Geac RunTime, which has hundreds of customers in the fashion and apparel
industry, develops and sells software for the design and pre-production phases
of the manufacturing process, product data management, customer relationship
management and sales force automation. Corporate information is available at
http://www.geac.com/ or through e-mail at .
This press release may contain forward-looking statements of Geac's intentions,
beliefs, expectations and predictions for the future. These forward-looking
statements often include use of the future tense with words such as "will,"
"may," "intends," "anticipates," "expects" and similar conditional or
forward-looking words and phrases. These forward-looking statements are neither
promises nor guarantees. They are only predictions that are subject to risks
and uncertainties, and they may differ materially from actual future events or
results. Geac undertakes no obligation to update or revise the information
contained herein. Important factors that could cause a material difference
between these forward-looking statements and actual events include, among other
things: our ability to increase revenues from new license sales, cross-sell
into our existing customer base and reduce customer attrition; whether we can
identify and acquire synergistic businesses and, if so, whether we can
successfully integrate them into our existing operations; whether we are able
to deliver products and services within required time frames and budgets to
meet increasingly competitive customer demands and performance guaranties;
risks inherent in fluctuating international currency exchange rates in light of
our global operations and the unpredictable effect of geopolitical world and
local events; whether we are successful in our continued efforts to manage
expenses effectively and maintain profitability; our ability to achieve revenue
from products and services that are under development; the uncertain effect of
the competitive environment in which we operate and resulting pricing
pressures; and whether the anticipated effects and results of our new product
offerings and successful product implementation will be realized. These and
other potential risks and uncertainties that relate to Geac's business and
operations are summarized in more detail from time to time in our filings with
the United States Securities and Exchange Commission and with the Canadian
Securities Administrators. Please refer to Geac's most recent quarterly reports
available through the website maintained by the SEC at http://www.sec.gov/ and
through the website maintained by the Canadian Securities Administrators and
the Canadian Depository for Securities Limited at http://www.sedar.com/ for
more information on risk factors that could cause actual results to differ.
Geac is a registered trademark of Geac Computer Corporation Limited. All other
marks are trademarks of their respective owners.
DATASOURCE: Geac Computer Corporation Limited
CONTACT: Media Contact: David Domeshek, Geac, (508) 871-5064,
; Investor Contact: Laura Hindermann, Geac,
(508) 871-5045,