Markham, Ontario and Southborough, Massachusetts (ots/PRNewswire)
- Former SAP America SVP and General Manager Jeffrey W. Murphy
Positioned to Accelerate Geac's Software License Sales Growth
As part of a strategic effort designed to enhance and accelerate
its ability to extend the Geac Performance Management product family
and grow software license revenue globally, Geac(R) (TSX: GAC,
NASDAQ: GEAC) today announced the appointment of Jeffrey W. Murphy to
lead the Geac Performance Management software business worldwide. Mr.
Murphy, an 18-year veteran of the enterprise software industry who
previously served as Senior Vice President and General Manager of SAP
America, Inc., will oversee all customer-facing operations related to
Geac Performance Management, the segment of Geac's business that the
Company has identified as its longer-term "umbrella strategy" for
"Nothing is more important to Geac's future success than the
growth of our software license revenue," Charles S. Jones, President
and CEO of Geac said. "Jeff's impressive track record speaks for
itself. He has a solid history of growing software company revenues
through a range of market channels and strategic alliances, and he
has successfully directed global sales organisations with
demonstrable results. Geac Performance Management will benefit
greatly from his creativity, energy and business acumen."
Mr. Murphy will lead the Geac Performance Management software
business worldwide with direct responsibility for Sales, Professional
Services, Business Development and Sales Development. With this
effort, the Company has centralised reporting for Geac Performance
Management, which had previously been managed on a regional basis.
Based in Geac's Southborough, MA office, Mr. Murphy will report
directly to Mr. Jones.
"Geac has had an impressive year in a continually challenging
market," said Mr. Murphy. "With a promising growth path, with a
strong management team and with a compelling future strategy, I am
very excited to be joining the Company."
Mr. Murphy has built a track record of success in the enterprise
software industry predicated on growing company revenue through
direct sales to Fortune 500 organisations, and by developing
strategic alliances with systems integrators and other channel
partners. At SAP America, he was responsible for the US$250 million
Services Sector P&L, comprising seven industries, and the US$120
million Human Resource Business Unit. Mr. Murphy also has held
executive positions at several other enterprise software companies,
including Performix Technologies (employee performance management
software), Yantra Corp. (fulfillment management and supply chain
software), and Storage Networks (storage as a service), all of which
he led through major growth phases. Mr. Murphy began his career at
As part of the global restructuring, the Company also announced
the promotion of Brian Hartlen to Vice President of Global Marketing.
Mr. Hartlen, who was previously Vice President of Marketing for Geac
Enterprise Solutions in North America, will now be responsible for
executing all market research, branding, promotion, advertising and
marketing programs on a worldwide basis in an effort to build Geac's
sales pipeline across many product lines.
Mr. Hartlen joined Geac in 2003 through Geac's acquisition of
Comshare, the cornerstone product suite in Geac Performance
Management. Before coming to Geac, Mr. Hartlen spent the majority of
his successful marketing and sales career with Comshare. Mr. Hartlen
will be based in the Southborough, MA office and will also report
directly to Mr. Jones.
"Brian was building and positioning performance management
software in the enterprise software market before the pundits had
even coined the Business Performance Management category. His keen
understanding of this compelling product family and the many critical
customer needs it addresses for the CFO is invaluable," continued Mr.
Jones. "By rearranging our structure more closely with our target
global client audience and by centralising the reporting of these
important functions to me, we are aligning the marketing and sales
teams around mutually supportive business goals and objectives.
Having examined our global and regional reporting models over the
past two years, this global structure is the one we judge will be the
most beneficial to our customers."
Concurrently, Geac announced that James Travers, Senior Vice
President and President of Geac Americas, is leaving Geac to pursue
other opportunities. "In the past two years, Jim has led the
integration and stabilisation of the sales force and US operations
following the acquisition of Extensity and Comshare, the two
organisations that provided the foundation for the Geac Performance
Management family of products," said Mr. Jones. "We wish him well in
his future endeavors."
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
This press release may contain forward-looking statements based on
current expectations. Important factors that could cause a material
difference between these forward-looking statements and actual events
include those set forth under the heading "Risk Factors" in Geac's
report on Form 6-K for the fiscal quarter ended July 31, 2004, filed
on September 8, 2004 with the United States Securities and Exchange
Commission available through the website maintained by the SEC at
, and Geac's MD&A filed on September 8, 2004 with
the Canadian Securities Administrators and available through the
website maintained by the Canadian Securities Administrators and the
Canadian Depository for Securities Limited at http://www.sedar.com/
Geac is a registered trademark of Geac Computer Corporation Limited.
All other marks are trademarks of their respective owners.
ots Originaltext: Geac Computer Corporation Limited.
Im Internet recherchierbar: http://www.newsaktuell.ch
For further information: Investor Contact: Alys Scott, Geac,
; Media Contact: David Domeshek,