[0] Geac Announces Pyramaz ASP.Business Editors TORONTO--(BUSINESS WIRE)--May 23, 2000 Geac Computer Corporation Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : GAC GAC Great American Country GAC Global Assembly Cache (Microsoft .NET) GAC Global Assembly Cache GAC Granular Activated Carbon GAC Gustavus Adolphus College (St. .) today launched Pyramaz, an ASP (application services See ASP and Web services. provider) company specializing in ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. e-business infrastructure solutions and other e-business services. Pyramaz is a wholly-owned subsidiary of Geac. Steve Shine, formerly president of Geac Enterprise Solutions, has been named president of Pyramaz. Pyramaz will offer ASP services that cover all of Geac's current ERP e-business infrastructure solutions, including Millennium, E-Series, Smartstream, and System 21. Additionally, Pyramaz is positioned to expand to include all future Geac ERP solutions added as a result of Geac's ERP consolidation strategy. Pyramaz will be offered as an option to all of Geac's more than 10,000 ERP customers. Steve Shine said, "There exists several compelling reasons for users of Geac ERP systems to consider Pyramaz solutions. First, ASP services can help reduce the total cost of ownership through common infrastructure services. Secondly, migration from in-house Geac ERP solutions to Pyramaz is conversion free and requires no retraining re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train of end users, leveraging what already works well at thousands of companies worldwide. Third, Pyramaz allows for integration-free use of new and evolving e-business solutions offered by Geac and third-party organizations on Pyramaz. These complimentary solutions come already integrated into the Geac ERP offerings through Geac's Active Architecture framework." Pyramaz also announced that Pyramaz e-Purchase is now available. Pyramaz e-Purchase provides full-service Web procurement solutions including access to a host of digital catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. services. Pyramaz intends to shortly announce additional fully integrated e-business solutions, including Business Intelligence (BI) applications and customer relationship management (eCRM) solutions. Douglas G. Bergeron, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Geac, stated, "This is an exciting new extension to Geac's corporate strategy. We are actively welcoming third-party providers of complimentary eCRM and other e-business applications to make their offerings available on Pyramaz. Our ERP customer base is growing as a result of our position as the leading consolidator of ERP e-business infrastructure solutions. These customers want to further leverage their working ERP investment through rapid integration to new e-business offerings. ERP applications represent the irreplaceable framework on which all e-business applications must reside and Pyramaz offers the most cost-effective vehicle for our customers to rapidly enjoy the benefits of these innovations." Mr. Bergeron concluded, "As with some other recently announced Geac business initiatives, Pyramaz will be encouraged to leverage its unique market position through strategic and equity partnerships with complimentary and competitive providers in the ASP space." Geac Computer Corporation Limited (Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. Symbol: GAC) is a provider of mission-critical software and systems solutions to corporations around the world. Geac's e-business infrastructure solutions provide the irreplaceable framework for a corporation's e-business needs. As well, Geac provides several industry-specific mission-critical business applications to the hospitality, property, banking, and publishing marketplaces, as well as a wide range of applications for libraries and public safety administration. Headquartered in Toronto, Canada, Geac ranks as one of the world's largest software companies The Forbes Global 2000 includes the following list of the world's largest software companies. Relative rank Global rank Name Country Sales ($bil) Profits ($bil) Assets ($bil) Market Value ($bil) 1 54 Microsoft United States . For further information on Pyramaz and E.Purchase information, please contact us at E mail: (Pyramaz@Geac.com) or visit us at (www.pyramaz.com) This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial published in the Company's annual report. |
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