Geac Computer Corporation Limited.
Geac Announces Development Partnership With Indigo Software for New RFID Capabilities in System21 Aurora
Studley, England (ots/PRNewswire)
Geac(R) (TSX: GAC ; NASDAQ: GEAC), has announced a software development partnership with Indigo Software to build Radio Frequency Identification (RFID) capabilities for Geac's flagship Enterprise Resource Planning (ERP) product - System21 Aurora. The new capabilities will be a core new component of System21 Aurora version 2.2, the next major release which is scheduled for general release early 2006.
Richard Smith, VP of operations for Geac System21, said:
"Many of our customers who supply the retailers within the fast moving consumer packaged goods industry are now looking towards initial projects for the adoption of RFID technology. This is becoming increasingly important in our market, not just as technology advances or as a way of improving the efficiency of internal processes, but we find the real driver for RFID adoption is commercial compliance. Some of our customers are having to adopt because that is what their customers are mandating. This is going to become a compelling issue for many customers in the next 12 months. Yet this compliance issue extends beyond RFID technology into mandated product structures and definitions - either commercial compliance mandates or standards body/market mandates. Again, these are compelling issues that require a response from us."
Peter McLane, Managing Director of Indigo Software, said:
"We're delighted to be selected as Geac's RFID development partner. For the last 17 years we have been a vital partner for the provision of Automated Warehousing solutions particularly to many Geac System21 customers. Recently we have been talking extensively to a number of them about their requirements for forthcoming RFID pilots. We're now taking this knowledge and experience into this development project to provide a single solution which will be tightly integrated with System21 for our joint customers."
Leading RFID industry analyst, Nigel Montgomery from AMR Research, said:
"Recognising that RFID is only part of a new wave of sensor-based technologies that will revolutionise global supply networks over coming years, Geac and its partner Indigo, are developing a solution to enable customers to leverage these new-wave technologies. Customers should be safe in the knowledge that their core systems can not only handle the volumes of data, but the new solution also protects customer investments by providing an integration layer that will operate with all new merging technologies. In addition, System21 leverages incoming information for performance improvement using Geac's own leading Business Performance Management solution. Geac has learned from the mistakes of other providers, who have developed rigid integration to back-office systems. Emerging technologies require open- integration flexibility if customers are to reduce their overall total cost of ownership (TCO)."
About Geac
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 info(at)geac.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.
Contact:
Media Contacts: Alex Bell, Citigate Dewe Rogerson, Tel:
+44-(0)-1604-232223, alexandra.bell@citigatedr.co.uk; Richard Moore,
Geac, Tel: +44-(0)-1527-496189, Richard.moore@geac.com; Investor
Contact: Alys Scott, Geac, Tel: +1-781-672-5980, alys.scott@geac.com