Geac Computer (NASDAQ:GEAC)
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VF Europe Expands its Geac Product Lifecycle Management Solution
International clothing brand manufacturer adds Web-enabled collaboration
capability; integrates with existing Geac Performance Management, System21 and
RunTime solutions
MARKHAM, ON and SOUTHBOROUGH, MA, May 31 /PRNewswire-FirstCall/ -- VF Europe,
the European division of apparel giant VF Corporation, has expanded its
relationship with Geac(R) (TSX: GAC, NASDAQ: GEAC) by investing in Geac
software that will help VF Europe collaborate even more closely with its
partners for sourcing and manufacturing around the world. The Quest
eCollaboration system from Geac's RunTime division, which provides software
solutions for the apparel and footwear industry, is the latest in a series of
RunTime software modules to be implemented at VF Europe. In conjunction with
its Geac System21 enterprise resource planning (ERP) system and Geac MPC
financial reporting system, VF Europe expects the new RunTime implementation to
improve its ability to respond quickly to market demands and further enhance
its quality of communication.
VF Corporation is a leader in branded apparel including jeanswear, outdoor
products, intimate apparel, image apparel and sportswear. VF Europe brands
include Lee, Wrangler, HIS, Earl Jean, Hero by Wrangler, Maverick, Old Axe, The
North Face, Eastpak, Jansport, Kipling, Napapijri, Nautica and Vans.
VF Europe has a mission to constantly improve competitiveness, efficiency and
speed to market through the use of information technology - especially product
lifecycle management (PLM) - to help improve merchandising, store floor design
and business-to-business transactions. To date, VF Europe has successfully
implemented the entire integrated range of Geac RunTime products: DesignTime,
Quest PLM, Quest Merchandiser, the SellIT B2B eCommerce solution and now also
Quest eCollaboration. These solutions are tightly integrated with the Geac
System21 ERP system, as well as Geac's MPC business performance management
solution for financial reporting, which is used worldwide by VF. The entire
solution enables VF Europe to improve workflow, streamline the product
development lifecycle and share data more effectively across different
departments within the company.
Lucien Smet, CIO of VF Europe, said: "We've been running Geac software
throughout our rapidly growing organisation for many years. We have made
significant investments in software over the years to improve our business and
competitiveness. Geac has been a professional organisation, which has supported
us in the roll-out and integration of our solutions, and it's clearly my
feeling that we are working with a supplier who understands the apparel and
footwear industry."
Geac RunTime's Quest eCollaboration is a fully Web-enabled portal for all PLM
data, which will be connected to RunTime's Quest PLM solution. It will enable
VF Europe's product developers to reduce critical lead times through improved
collaboration with suppliers, manufacturers and production sites. Furthermore,
it will improve the control of pre-calculations and optimise the quality
control process. Partners around the world will have the ability to retrieve
and update information, even late in the development process.
"It is a pleasure to innovate and grow with VF Europe," said Charles Jones,
President and CEO of Geac. "Geac is committed to help them improve their
business through tighter management of operations and communications. With a
more collaborative use of information across the enterprise, through integrated
technology systems, we can help VF Europe remain competitive and responsive to
its customers and partners."
About Geac
Geac (TSX: GAC, NASDAQ: GEAC) is a global enterprise software company that
provides best-in-class technology products and services to help organisations
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. Further 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,