Geac Wins US$1.6 Million Contract for Integrated Design-to-Retail Solution
24 June 2005 - 12:35AM
PR Newswire (US)
Geac Wins US$1.6 Million Contract for Integrated Design-to-Retail
Solution UK-based action sports brand Animal invests with Geac to
support its growing retail operations MARKHAM, ON and SOUTHBOROUGH,
MA, June 23 /PRNewswire-FirstCall/ -- Geac(R) (TSX: GAC, NASDAQ:
GEAC) today announced it has won a US$1.6 million contract from
Animal, one of the UK's fastest growing action sports brands, for
an integrated, design-to-retail software solution. The system -
which incorporates a range of integrated Geac products to cover
Animal's entire business process, from design to cash collection at
point-of-sale - was one of three contracts in excess of $1 million
Geac closed in the fourth quarter of fiscal year 2005 (please see
Geac's fourth quarter and year-end results announced June 22,
2005). "Geac has made a concerted effort to integrate our various
product lines, be they the result of internal product development,
strategic partnerships or acquisitions. This sale demonstrates the
compelling synergies that exist across Geac product families, and
illustrates the value we can deliver to customers who seek an
integrated solution," Charles S. Jones, Geac's President and Chief
Executive Officer, said. "Currently, more than 400 of the world's
leading apparel companies use Geac software to manage their
operations. Animal joins our already impressive list of global
apparel customers, including other well-known brands such as Rip
Curl, Tommy Hilfiger, Barbour and VF Europe." Animal's solution
will support its growing retail business and more effectively
manage its increasingly complex supply chain. It includes Geac
System21 Aurora enterprise resource planning (ERP) software; Quest
PLM (product lifecycle management) software for collaborative
design and development; SellIT Customer Relationship Management
(CRM); and Performance Analyser for operational performance
management. Quest PLM and SellIT come from RunTime, Geac's
specialist division serving the apparel and footwear industry.
Third-party products will also be provided as part of the
integrated solution, including the WinTill retail suite and Indigo
Software's fully interactive warehousing software. The
implementation commenced in May and is expected to be completed in
January 2006. Animal started operations in 1987 with the production
of sports watches for surfers. Now the Animal range incorporates
clothing, watches, eyewear, footwear, luggage and accessories, and
is currently sold through Animal's own branded stores and other
retail outlets such as Free Spirit. Animal's decision to buy the
Geac solution was inspired by its aggressive growth program, which
is expected to see an increase from five to 15 Animal-owned and
branded stores by the end of 2006. Richard Tape, General Manager
for Animal, said, "Although we evaluated a range of ERP and retail
software specialists, Geac was the only supplier able to provide us
with a complete 'end-to-end' solution that is tightly integrated.
The product design and development software is expected to
substantially reduce our product 'time to market.' We'll use this
PLM software to manage product concept, design, production,
distribution and logistics worldwide." Another major reason Animal
chose the Geac solution was the tight integration between the back
office operational systems and WinTill's specialist retail suite
for cash management at point-of-sale. About Geac Geac (TSX: GAC,
NASDAQ: GEAC) is a global enterprise software company that provides
best-in-class technology products and services to 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. Geac RunTime, which has
hundreds of customers in the fashion and apparel industry, develops
and sells software for the design and pre-production phases of the
manufacturing process, product data management, customer
relationship management and sales force automation. Corporate
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 Contact: David Domeshek, Geac,
(508) 871-5064, ; Investor Contact: Laura Hindermann, Geac, (508)
871-5045,
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