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midrange.com
FYI
This may have nothing to do with the JBA division, but I read this at the GEAC
website after wondering why their stock had risen almost 16% at one point
today. Enjoy.
GEAC RETAINS FINANCIAL ADVISOR
TORONTO, Ontario - September 5, 2000 - Geac Computer
Corporation Limited
(TSE: GAC) announced today that, as part of its continuing
process of
reviewing strategic alternatives, it has retained CIBC
World Markets as
financial advisor. Geac may give consideration to potential
transactions
involving part or all of its businesses, with the
overriding aim of maximizing
shareholder value. Two parties have approached Geac on an
unsolicited
basis, conveying their interest in exploring possible
transactions.
As a result of over sixty acquisitions, Geac has
established itself as one of the
most significant enterprise software companies in the
world. Installed
enterprise applications provide the backbone for all
e-commerce applications,
ASP initiatives, and corporate-wide information technology
projects. Geac
derives more than 45% of all revenue from the United States
and more than
35% from Europe.
Geac has also established its Interealty.com subsidiary as
a leading provider
of full-service business-to-business solutions for real
estate brokerage
professionals. In addition, Geac has become a leading
software solutions
provider in many specialized areas such as the property
management,
publishing and construction industries.
Geac is a provider of mission critical software and systems
solutions to
corporations around the world. Geac solutions include
cross-industry
enterprise business applications for financial
administration and human
resources functions, and enterprise resource planning
applications for
manufacturing, distribution, and supply chain management.
As well, Geac
provides industry applications to the hospitality, property
and publishing
marketplaces, as well as a wide range of applications for
libraries and public
administration. Headquartered in Toronto, Canada, Geac
ranks as one of the
world's largest software companies. Further information is
available on the
World Wide Web at http://www.geac.com, or through e-mail at
info@geac.com.
This press release contains forward-looking statements
based on current
expectations. These forward-looking statements entail
various risks and
uncertainties that could cause actual results to differ
materially from those
reflected in these forward-looking statements. Risks and
uncertainties about
the Company's business are more fully discussed in
Management Discussion
and Analysis published in the Company's annual report.
For more information, please contact:
Doug Bergeron, President and Chief Executive Officer
Geac Computer Corporation Limited
Tel: (416) 642-1960
Fax: (416) 642-8454
--
Pete Massiello
OS Solutions International
Phone: (203)-744-7854 Ext 11.
http://www.os-solutions.com
mailto:pmassiello@os-solutions.com
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