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Esprit Fuels Growth Plans With Geac
Ratingen, Germany and Studley, England (ots/PRNewswire) -
- Product Lifecycle Management (PLM) System to Embrace Hundreds of Product Developers Across Europe and Asia
International lifestyle group Esprit has fuelled its growth plans and capability for future development with a Product Lifecycle Management (PLM) solution from Geac(R) (TSX: GAC, NASDAQ: GEAC). The QuestPLM software is supplied by RunTime, Geac's specialist division serving the apparel and footwear industry. This latest investment cements a long standing relationship with the lifestyle group, and will involve QuestPLM being accessible to hundreds of users across Europe, Asia and USA in order to promote greater design collaboration.
Headquartered in Ratingen, Germany, Esprit designs, sources and sells lifestyle products designed under the globally recognised Esprit brand. Active throughout more than 40 countries Esprit operates 631 directly managed retail stores, 766 partnership stores and over 8,900 wholesale outlets.
QuestPLM is crucial in enabling Esprit to manage the complicated and sophisticated processes around this global operation. The Hong Kong 'sourcing office' continuously updates supplier relationships to find fabrics, base garments and follow up on the production process which all results in its products being shipped across the world. QuestPLM will be critical to the efficiency of this key operation.
Dr. Dirk Seifert, Chief Operating Officer for Esprit, outlined what the investment will mean for the group: "Our international scope means we are continually looking to move into new markets, which in turns creates a need for agility and supply chains that can get our brand into new territories quickly and without complication."
Tom Van Soest, International Sales Manager for Geac's RunTime business, said: "Esprit and Geac have enjoyed a long standing relationship that has evolved into a true partnership. The QuestPLM solution supports a great deal of Esprit's operations and their move to open licensing is indicative of their large commitment to the system. This will mean that Esprit's designers all over the world will be able to benefit from using our collaborative design system."
Dr. Dirk Seifert concluded: "This upgrade and expansion of our systems stands us in very good stead for future development. Like any retailer we know we cannot stand still and optimising our supply chain, product management and distribution strategy are key to our growth."
Geac (TSX: GAC, NASDAQ: GEAC) is a global enterprise software company that provides best-in-class technology products and services to 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. 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 www.runtime.geac.com Corporate information is available at http://www.geac.com or through e-mail at email@example.com.
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 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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