Geac Closes $250,000 Software Sale to Global Communications Company in Asia- Geac Performance Management to improve customer's company wide reporting - MARKHAM, ON and SINGAPORE, April 29, 2004 - 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 for company-wide reporting. The Geac system will provide visibility into P&L, balance sheet and cash flow information across the company, and offer key daily performance metrics. Geac President and CEO Charles Jones said: "Local market knowledge delivered by our leading distributor and the depth of functionality provided by Geac Performance Management were key factors in winning this notable contract in Asia. In the recent quarters, Geac has closed a significant number of deals through its global distribution network, which underscores the strength of these alliances and the success of this selling strategy." Geac Performance Management is an integrated product line that enables companies to bolster their effectiveness by tightening the linkage between business strategy formulation and operational execution, and by improving monitoring, reporting, and decision-making. Geac Performance Management comprises 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 extended the distribution agreements in place and worked closely to localize Geac Performance Management for the region's different market requirements. About Geac Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software company for Business Performance Management, providing customers worldwide with the core financial and operational solutions and services to improve their business performance in real time. Further information is available at http://www.geac.com or through e-mail at info@geac.com. This press release contains forward-looking statements that are based on current expectations, including statements regarding the anticipated benefits to Geac and its customers of the acquisitions of Extensity and Comshare, the effect of those mergers on Geac's financial condition and results of operations and the success of Geac in selling newly developed software to new and existing customers. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. These risks and uncertainties are substantially unchanged from those presented under the "Risk Factors" heading in the "Key Information" section of our annual report on Form 20-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 http://www.sec.gov, and filed on November 3, 2003 with the Canadian Securities Administrators, and available through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities at http://www.sedar.com, which risks and uncertainties are incorporated by reference herein. Geac is a registered trademark of Geac Computer Corporation Limited. All other marks are trademarks of their respective owners. SOURCE Geac Computer Corporation Limited |