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.
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(1) According to market research firm Aberdeen Group, a "closed loop"
approach to performance management comprises four inter-related
phases:
- Strategies and Objectives: establishing the strategic targets
and assumptions
- Derived Targets and Metrics: determining the holistic and
specific set of operational programs and metrics against which
to measure performance; difference targets, and strategies
- Execution: the implementation /operationalizing of the plan
- Measurement and Analysis: determining how to go forward in terms
of modifying future plans, assumptions, and decision-making
based on evaluation of actual results
An Aberdeen Group industry benchmark study found that best-in-class
companies deploying "closed loop" corporate performance management
(CPM) systems realize on average eight percent higher gross margins
than the industry norm, and have about seven points greater market
share in their most profitable segments.
(2) Business Intelligence Software Market Grows 12 Percent in 2004
(Gartner ID Number: G00130216) by Colleen Graham, published
August 15, 2005 - "New license sales for business intelligence
software grew 12 percent from 2003 to 2004. Microsoft led with
53 percent growth for its BI platform offering in the composite
BI market."
CONTACT: David Domeshek, Geac, (508) 871-5064,
Email Contact;
Christian Potts, FitzGerald Communications, (617) 585-2231,
Email Contact; Investor Contact: Laura Hindermann, Geac, (508)
871-5045,
Email Contact
