Major Nordic outsourcer to provide customers with corporate performance management capabilities LONDON, UK, Jan. 18 /PRNewswire-FirstCall/ -- Geac(R) (TSX: GAC, NASDAQ:GEAC), a global enterprise software company, today announced a new $400,000 contract and a renewal of an existing maintenance and support contract worth $180,000 with one of its customers in Norway. EDB Business Partner Norge AS (EDB) is an ASP (Application Service Provider) which provides a range of outsourced services across the Nordic region - processing 40 million transactions a day. Amongst its portfolio of services it provides 57 Nordic banks with access to its mainframe-based finance system - Millennium, from Geac. Under the new contract it will provide 600 users with web-based access to this robust finance system through Active Client, and also the ability to sign up to access MPC, Geac's integrated corporate performance management system. Oslo-based EDB Business Partner has served Norwegian banks for more than 35 years, and is expanding rapidly in the area of Business Intelligence, Performance Management and Compliance. One of the important advantages is that EDB Business Partner covers both operational and administrative systems. Many of EDB Business Partner's customers benefit from these integrated and holistic solutions. Ivar Stokkerud, VP for EDB Business Partner, said: "Our ASP offering provides our customers with access to the latest technology. Unlike many European countries the Nordic banking sector is extremely fragmented, and includes lots of smaller players. Without ASP most of them would not have access to these systems - which are typically used by the larger corporations. We have used Geac's Millennium product for many years so we're delighted to be able to offer even easier access to our core finance system via the internet. "In particular MPC is expected to make an enormous difference as it will enable our banking customers to adopt an integrated approach to strategic planning, budgeting, forecasting, consolidation, reporting & analysis. This will be hugely beneficial to many of them as these processes are often fraught with difficulties and errors when underpinned by mere spreadsheets." Tim Wright, Geac's Chief Executive for EMEA, said: "This latest contract is testament to our ability to provide added value to our customers with our performance management solutions. It demonstrates the compelling offering that we continue to provide to banks of all sizes within the global banking arena. Without doubt many European banks are beset with a growing regulatory burden, but we can help them by providing them with the assurance they have the right support through solid financial systems." 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 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: Crawford Warnock, Citigate Dewe Rogerson, +44 (0)1604 232223, ; Richard Moore, Geac, +44 (0) 1527 496189, ; Investor Contact: Alys Scott, Geac, (781) 672-5980,

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