Mid-Florida and Rhode Island Expected to Bring US$6 Million to Geac's Interealty
06 May 2005 - 2:26AM
PR Newswire (US)
Mid-Florida and Rhode Island Expected to Bring US$6 Million to
Geac's Interealty Interealty expands services to second-largest
account while adding Rhode Island to list of customers MARKHAM, ON
and VIENNA, VA, May 5 /PRNewswire-FirstCall/ -- Interealty, a
division of Geac(R) (TSX: GAC, NASDAQ: GEAC), today announced that
two major U.S. real estate organizations have signed three-year
contracts to use MLXchange, Interealty's Web-based multiple listing
service (MLS) automation technology. Based on current membership
forecasts for the two organizations, which are subject to change
according to fluctuations in the real estate market, the contracts
together are expected to yield approximately US$6 million. The two
organizations are the Mid-Florida Regional Multiple Listing
Service, Inc. (MFRMLS), which serves more than 20,000 real estate
professionals in central Florida, including the greater Orlando and
Tampa areas; and the State-Wide Multiple Listing Service, Inc.,
which is the exclusive MLS provider to Rhode Island's approximately
3,650 Realtors(R). State-Wide MLS is a new account, while MFRMLS is
a current customer that has chosen to renew its relationship with
Interealty. "We're excited to be able to offer an advanced MLS
system like MLXchange," said Michael Plante, 2005 President of
State-Wide MLS. "The system will present our members with more core
productivity tools to choose from to meet the needs of today's
consumers, while also making it easy for them to customize their
MLS experience. I have no doubt that MLXchange will improve the
efficiency of our member's real estate processes." "Interealty has
proven to be an exceptional technology partner," said Kathleen
Gallagher McIver, 2004 President of MFRMLS. "They continually
solicit our feedback to improve their products, and they have
always been there when we needed help-like last summer when power
to our support center was knocked out by three hurricanes. We still
took a hard look at all our options before deciding to renew, but
Interealty's track record with us and exceptional product won out
in the end." MFRMLS has also chosen to license MLX Professional for
the duration of its contract, providing its members with additional
customer-relationship management tools like customizable Agent Web
Sites with client portal pages, Internet lead capture, and
calendaring and scheduling. MFRMLS is the largest Interealty
customer to license the advanced functionality of MLX Professional
for its entire membership. "This is a terrific endorsement of MLX
Professional," said Bryan Foreman, President of Interealty. "What
makes MLX Professional a truly compelling CRM solution is its total
integration with MLXchange. By building a system that lets real
estate agents manage both property data and contact information
from a single interface, we have achieved a level of convenience
and efficiency that standalone CRM solutions simply can't match.
"Our strategy is to stay focused on providing premier MLS systems
and customer service, but we are constantly looking for
opportunities to build new partnerships and products that logically
complement our core business," added Foreman. About Interealty
Interealty, a division of Geac, is a premier provider of Multiple
Listing Service (MLS) systems and real estate software in North
America. Interealty offers a full line of technology products and
support services to the real estate industry, including MLS
organizations, franchisors, and agents. For more than three
decades, Interealty has provided North America's leading real
estate boards and associations with innovative products like its
leading MLS system, MLXchange. Headquartered in Vienna, Virginia,
Interealty has offices throughout North America. Further
information is available at http://www.interealty.com/ or through
e-mail at . 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 . 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: Bryan Foreman,
Interealty, (202) 281-4646, ; David Domeshek, Geac, (508) 871-5064,
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