Geac Announces $1 Million Agreement With Etam; Leading French Garment Distributor Selects QuestPDM to Strengthen Pre-production Processes Across Europe.Business Editors & High Tech Writers MARKHAM, Ontario--(BUSINESS WIRE)--Dec. 2, 2002 Geac(R) Computer Corporation Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GAC GAC Great American Country GAC Global Assembly Cache (Microsoft .NET) GAC Global Assembly Cache GAC Granular Activated Carbon GAC Gustavus Adolphus College (St. ), a global provider of business critical software and systems solutions, today announced that Etam Development has invested EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 672,000 (approximately C$1,045,000) in its RunTime product data management application - QuestPDM(TM). Under the terms of the September 2002 agreement Etam, the second largest distributor of women's apparel in France, will deploy RunTime's QuestPDM software to several hundred users based in multiple countries across Europe including France, UK and Belgium. QuestPDM will allow Etam to build a view of how garments will be manufactured, allowing simulation of designs, costs and margins, and recording specification for areas including sizing, labelling and packaging. Phase one of the implementation is expected to be fully operational by March 2003, optimizing Etam's product design and development processes for the introduction of new garments to its collections, and integrating these processes with its manufacturing plants. "With more than 1,200 stores across Europe and Asia Pacific, we required a solution that could ultimately help us reduce time-to-market, and increase not only the efficiency and effectiveness of our entire design and pre-production process, but also our profitability," said Christian Devlaminck, IT Director, Etam Group. "After conducting a thorough search of all the major apparel product data management solution vendors, we selected RunTime's QuestPDM because it was best suited to helping us meet our time-to-market demands and strategic business goals. It is a powerful tool for managing product life cycle development." "Companies operating in the apparel and textile industry face considerable challenges. The brand-centric, consumer-led environment, with its many seasons and changing collections, means intense pressure to reduce the time it takes companies to bring a new product to market - speed and agility are paramount," said Michael Slipsager, Managing Director, RunTime business unit. "We are pleased that Geac's RunTime solutions can assist well-established companies, such as Etam, to actively reduce their lead times from the start of the design phase through to the delivery of collections. This new contract, combined with our latest partnerships with organizations such as Rossignol, RipCurl and Kenzo, clearly demonstrates our strength in one of the biggest apparel markets in the world." "We introduced QuestPDM to the French market just eighteen months ago and we are delighted to see this kind of success in what is arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. the most competitive apparel market in the world. It gives me great confidence for the future success of Geac's RunTime products," concluded Slipsager. About RunTime: Geac's RunTime business unit delivers products and services worldwide geared mainly toward the apparel, footwear and furniture industries. RunTime's product range includes: DesignTime, used in the development of creative ideas for new apparel collections. QuestPDM, a user-friendly Product Data Management (PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and ) system connecting all the processes that form the development phase of the products. SellIT, RunTime's industry specific Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solution provides the apparel and footwear industry with tools to control and maintain sales and customer relationship. Visual Configurator, a user-friendly unique configurator/sales tool for handling complex, modular products. RunTime customers include: IKEA IKEA Ingvar Kamprad Elmtaryd Agunnaryd (Swedish home furnishings retailer founder's initials and location) , Montana, Club8, s.Oliver, Esprit de Corp., Lindex, LVMH LVMH Moët Hennessy-Louis Vuitton (upscale retailer) Group, RipCurl, O'Neill, Velmore, Replay and Paul & Shark. Further information is available at: www.runtime.biz biz n. Informal Business. biz Noun Informal business Noun 1. . About Geac Computer Corporation Limited: Geac Computer Corporation Limited (TSX: GAC) headquartered in Markham, Canada, is a global provider of business critical software and systems solutions. Geac solutions include cross-industry enterprise business applications for financial administration and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. functions and enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. applications for manufacturing, distribution, and supply chain management. Geac also provides industry applications to the real estate, restaurant, property and construction marketplaces, as well as a wide range of applications for libraries, government administration and public safety agencies. Further information is available at http://www.geac.com or through e-mail at info@geac.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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