London Borough of Bromley Purchases Geac MPC Software
11 February 2005 - 4:00AM
PR Newswire (US)
London Borough of Bromley Purchases Geac MPC Software - UK local
government authority signs $200,000 contract with Geac MPC reseller
NRJ Consulting - MARKHAM, ON and SOUTHBOROUGH, MA, Feb. 10
/PRNewswire-FirstCall/ -- Geac (TSX: GAC, NASDAQ: GEAC) today
announced that NRJ Consulting, a local government reseller of Geac
MPC performance management software in the UK, has won a software
and services contract valued at approximately US$200,000 with The
London Borough of Bromley. The first phase of the Geac MPC
implementation is designed to provide financial management and
business performance information related to Bromley's division for
special education needs to help that unit budget and forecast
resources better. The solution is expected to go live around
mid-year 2005. The longer term plan calls for providing up to 300
non-finance management users across the authority - including 60
elected members - with internet access to critical performance data
through Geac MPC's Strategy Management application. Geac MPC is
expected to enhance financial control and provide cohesive
reporting to improve decision making across the authority. "It's
vital that we can fully understand all our financial and non-
financial information in order to make effective decisions in the
best interests of our general public," Paul Dale, Director of
Resources at The London Borough of Bromley, said. "But this
requires simultaneous access to multiple specialist systems, as no
one system can provide all the answers. Geac MPC, with its Strategy
Management application, is the ideal mechanism to consolidate this
information in a meaningful format for our users." London Borough
of Bromley joins a number of UK public sector organizations,
including Luton Borough Council and The Learning & Skills
Council, on the roster of Geac MPC users. "We are pleased that Geac
MPC is gaining some market traction in the government sector,"
Charles S. Jones, Geac's President and Chief Executive Officer,
said. "We see opportunity to further penetrate the government
sector worldwide with Geac Performance Management solutions to
enable government officials to better manage their organizations."
About Geac MPC Geac MPC is an integrated product line that helps
local authorities and businesses of all sorts improve their
effectiveness by tightening the link between strategy formulation
and operational execution. It enables them to streamline processes,
facilitate forecasting and enable better decision making through
multiple scenario planning. About NRJ Consulting NRJ Consulting has
a four-year pedigree as a Microsoft Business Intelligence partner
dedicated to the public sector. NRJ Consulting has already
completed successful projects with The Home Office, CPS (Crown
Prosecution Services) as well as a number of local authorities. NRJ
Consulting was appointed as a reseller of Geac MPC to the UK local
government sector in August 2004. 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 organisations 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 . 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
http://www.sec.gov/ and through the website maintained by the
Canadian Securities Administrators and the Canadian Depository for
Securities Limited at http://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. DATASOURCE:
Geac Computer Corporation Limited CONTACT: Media Contacts: David
Domeshek, Geac, 1-508-871-5064, ; Laura Hindermann, Geac,
1-508-871-5045,
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