Markham, Ontario and Waltham, Massachusetts, November 11
- 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
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.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Geac Investor and Media Contacts: Alys
Scott, Vice President, Corporate Communications, Geac,