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Geac Appoints Doug Ring Chief Technology Officer
Markham, Ontario and Waltham, Massachusetts, November 11 (ots/PRNewswire) -
- Attention Business Editors:
- Company Continues Strong Focus on Technology Enhancements and Product Integration for Benefit of Customers Worldwide
Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC), a global enterprise software company dedicated to addressing the needs of CFOs, today announced the appointment of Doug Ring as Chief Technology Officer ( CTO). Mr. Ring, who was previously Vice President of Technology, has been with Geac for nearly a decade.
"Distinguished Harvard Business School Professor Michael Porter explains that, 'companies have to find ways of growing and building advantages rather than simply eliminating disadvantages.' A significant part of this at Geac is strategic innovation. In the software business, new products based on new technology or designed to extend the value of existing solutions are critical to success. We have established the Office of the Chief Technology Officer to act as a catalyst for technologic and business change. Our CTO is charged with the mission-critical task of drawing up the blueprint for the use of technology to support our business objectives and the important objectives of our customers," said Tim Wright, Chief Executive of EMEA and AP. "In his notable tenure at Geac, Doug has played a critical role supporting me in designing technologies and applications that extend the value of Geac's core applications, and he has been instrumental in defining the overall technology strategy for the Company. With an expanded commitment to new technology assessment, innovation, partnerships and product marketing, our focus on our customers is strongly reinforced by this appointment."
Geac recently announced that contracted sales of internally developed new products accounted for approximately 29% of software license revenue in the first quarter of FY 2006. This is evidence that the Company's product innovation, and its commitment to extending the financial value chain with performance-driven capabilities, are achieving results.
In his new role as CTO, Mr. Ring will be responsible for monitoring and assessing new technologies, helping to drive innovation across the organization, strategic partnership development and marketing with industry analysts and relevant trade media. Mr. Ring will serve as an advisor to senior executives and will report directly to Charles Jones, President and CEO of Geac.
Mr. Ring has been with the company since 1996, when Geac acquired Dun & Bradstreet Software, where he served as the Director of Emerging Technologies. While at Geac, Mr. Ring's technology assessments and counsel have provided strong direction for potential acquisitions. Following the Company's acquisitions of Comshare and Extensity, in the Performance Management arena, Mr. Ring was instrumental in technology integration efforts and has been invaluable in expanding Geac's capabilities in the financial value chain. Mr. Ring has negotiated and managed key technical relationships including Microsoft, IBM and Lombardi, among others, and has been actively involved in the communication of technology strategy to press , industry analysts, senior management, partners and customers.
Prior to joining Geac, Mr. Ring spent five years consulting with a number of leading companies including Holiday Inn Worldwide, the Los Angeles Times, and Mattel Toys. He started his career at Canada Mortgage and Housing. Educated in Canada, Mr. Ring has a diploma in Civil Resources Engineering and a certificate in Commercial Diving from Seneca College in Toronto. He has a diploma in Information Technology from Algonquin College in Ottawa.
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 organizations 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 firstname.lastname@example.org.
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. 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 www.sec.gov and through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at 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.
ots Originaltext: Geac Computer Corporation Limited.
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For further information: Geac Investor and Media Contacts: Alys
Scott, Vice President, Corporate Communications, Geac,