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GEAC Geac Computer Ltd - Common Shares (MM)

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Share Name Share Symbol Market Type
Geac Computer Ltd - Common Shares (MM) NASDAQ:GEAC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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First Drinks Brands goes live with Geac MPC performance management solution

12/12/2005 12:00pm

PR Newswire (US)


Geac Computer (NASDAQ:GEAC)
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Bacardi Martini-backed company to improve planning and forecasting processes with solution from Geac LONDON, UK, Dec. 12 /PRNewswire-FirstCall/ -- Geac(R) (TSX:GAC and NASDAQ:GEAC), a global enterprise software company that addresses the needs of the Chief Financial Officer, has provided its Geac MPC performance management solution to First Drinks Brands, a major drinks player in the UK which includes brands like Glenfiddich, Grants Blended Whisky, Disaronno, Warninks and Mateus. The solution has just gone live for 70 users across all commercial departments of First Drinks Brands Limited on a Microsoft SQL Server database, following a 12 month implementation. Geac MPC is expected to enable First Drinks Brands to achieve significant efficiency gains through improved reporting, planning and forecasting. The software will also provide a central repository for all performance information, enabling all levels of the company's commercial team to have greater visibility into key business information. Over time, First Drinks Brands plans to use Geac MPC to enable scenario planning and more detailed reporting. First Drinks Brands is a long-standing Geac customer, so making the decision to upgrade to Geac MPC was an easy one. Consistency was paramount in order to minimise inconvenience and disruption to end users through having to learn a new system. Following a review of the market, First Drinks Brands selected the Geac MPC solution as the functionality met First Drinks Brands' requirements and the companies' mutual experience of each other meant the upgrade was the most sensible course of action. Paul McDonald, business solutions controller at First Drinks Brands, comments: "Understanding how to develop effective performance management is a key challenge for organisations in every sector. In our business, appropriate forecasting has a direct impact on our profit margins, so ensuring that this is performed properly is key to us achieving our targets and overall strategy. Budgets have to be aligned to plans and forecasts used to update stakeholders on the likely achievement of them, which must be available in real-time and measurable. Geac MPC enables us to do just that and it is an integral tool in our future growth plans." About Geac Geac (TSX: GAC, NASDAQ: GEAC) is a global enterprise software company that addresses the needs of the Chief Financial Officer. Geac's best-in-class technology products and services 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. 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 Contacts: Nina Wainwright, Citigate Dewe Rogerson, +44 (0)1604 232223, ; Richard Moore, Geac, +44 (0) 1527 496189, ; Greg Wind, FitzGerald Communications, (617) 585-2240,

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