Bankers Trust Funds Management Limited a WINNAR with new system from GEAC.MARKHAM, Ontario--(BUSINESS WIRE)--Aug. 8, 1995--GEAC COMPUTER (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. ) Geac Computer Corporation Limited today announced that BT Funds Management Limited of Australia has entered into a contract to implement the Geac WINNAR cash and securities accounts reconciliation system. The WINNAR system is being installed on an IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) RS/6000 and is expected to go live by the end of the year. BT selected the Geac system after an extensive global search and one week pilot. This is the first WINNAR sale in Australia and follows on from other signings for WINNAR in the UK and North America. Mr. Harry Debes, General Manager of Geac's Australian operations, said "WINNAR is a world-class, windows-based, client-server reconciliation system which is currently installed at Lloyds Bank and Barclays' Bank in the UK and the Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). in Canada. We are very pleased to have a prestigious firm like BT Funds Management Limited of Australia be our first site in the southern hemisphere. There is considerable additional interest for WINNAR in Australia and Asia and we hope to install this system in many additional sites in the next year." Mike Heneghan, Geac General Manager of its UK operations which developed the WINNAR product said "The award of Bankers Trust of Australia is yet another milestone in the global strategy for WINNAR after several successful installations in the UK and the recent success in North America. BTA (Business Technology Association, Kansas City, MO, www.bta.org). A membership association of manufacturers, dealers, distributors and service companies in the business equipment and systems industries, founded in 1994. will run both of Geacs' fully integrated cash and securities modules, making it one of the most advanced Reconciliations systems in the world. Popularity of the WINNAR product among leading banks is rapidly increasing. Barclays Bank, a current Geac customer has placed an order with Geac to implement Barclays' Payment Bank Application which interfaces with the Bank of England's Share Settlement System. This will form the basis of the fourth WINNAR module enabling other banks to reconcile their trading securities with the Payment Bank." Geac Computer Corporation Limited delivers complete Unix, client/server and other computer solutions to various vertical markets including - libraries, financial institutions, hotels, clubs, construction, property management, newspaper, quick service restaurants, manufacturing and distribution companies. Geac has business centres in Canada, the United States, the United Kingdom, the Netherlands, Belgium, France, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Geac is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with its common shares listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (Symbol GAC). CONTACT: Press Contact Barbara M. Homer (905) 475-0525 (905) 475-3847 (Fax) |
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