Investmentfonds - News

Investmentfonds.de 26.07.2004:
Fortis Invests in Geac Performance Management

   Markham, Ontario and Studley, England (ots/PRNewswire) -

   - 1,000 worldwide users to benefit from replacing
spreadsheet-based budgeting system

   Fortis, a European top 20 banking, insurance and investments
group, has awarded a contract to Allshare, the distributor in the
Netherlands for Geac(R) (TSX: GAC, NASDAQ:GEAC), for Geac Performance
Management software and related implementation services. The
scheduled "go live" date for the first phase of implementation of the
Geac software is mid-August 2004.

   Fortis, which has a market capitalisation of (euro) 23 billion and
more than 50,000 employees, chose Geac because of the integrated
nature of its MPC software for planning, budgeting, forecasting,
consolidation, reporting, analysis and strategy management. Fortis
has been a long time customer of Geac SmartStream financial software,
which is in use throughout significant parts of the organisation.
Fortis also recognised the personal and professional skills of the
Allshare employees, who are currently undertaking the implementation.

   Once fully deployed in 2004, MPC - running on Microsoft SQL Server
- will provide the group with a true global system supporting both
the businesses and the operating companies. The first phase will go
live in August and will support the Fortis target setting process.

   Alexander Carp, director of process management at Fortis, said:

   "To date our budgeting process has been primarily
spreadsheet-based. The follow-up of the process has been very
time-consuming, especially as it has had to cover all of our
businesses and operating units, following numerous recent
acquisitions. Our initial focus is to have a new global budgeting
solution in place, which can support 1,000 worldwide users. This new
budgeting process will be better linked to our business strategy as
it will be able to incorporate a 'top down-approach' assisted by
'bottom-up' detailed submissions. So implementing Geac Performance
Management helps Fortis to move towards a more uniform global
approach which allows for big improvements in quality, speed and
transparency."

   "We are pleased that a long standing Geac customer has chosen to
expand their reliance on Geac software into a new aspect of their
business," said Jon Brooks, Managing Director of Geac Performance
Management European and Asia Pacific operations. "It's testimony to
the inherent value of our MPC software and to the confidence and
relationship we build with our customers over time. Furthermore, the
financial services industry is an area of strength for Geac - more
than 40 of the world's largest banks use Geac financial software - so
Fortis is in good company."

   This and other recent customer successes have not changed the
seasonal nature of Geac's business revenue where first quarter
results have been historically the lowest. The marketplace for Geac's
products and services remains intensely challenging.

   About Geac

   Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software
company for Business Performance Management, providing customers
worldwide with the core financial and operational solutions and
services to improve their business performance in real time. Further
information is available at http://www.geac.com or through e-mail at
info@geac.com.

   This press release may contain forward-looking statements based on
current expectations. Important factors that could cause a material
difference between these forward-looking statements and actual events
include those set forth under the heading "Risk Factors" in Geac's
annual report on Form 20-F, No. 333-103019, for the fiscal year ended
April 30, 2003, filed on October 31, 2003 with the United States
Securities and Exchange Commission available through the website
maintained by the SEC at www.sec.gov http://www.sec.gov/, and filed
on November 3, 2003 with the Canadian Securities Administrators and
available through the website maintained by the Canadian Securities
Administrators and the Canadian Depository for Securities Limited at
www.sedar.com http://www.sedar.com/. Geac is a registered trademark
of Geac Computer Corporation Limited. All other marks are trademarks
of their respective owners.

ots Originaltext: Geac Computer Corporation Limited
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Media Contacts-Europe: Richard Moore, Geac, 
+44-(0)1527-496189, richard.moore@geac.com; Alastair Middleton, Geac,
+44-(0)1527-496200, alastair.middleton@geac.com; Media Contact-North 
America: Laura Hindermann, Geac, +1-508-871-5045, 
laura.hindermann@geac.com; Investor Contact: Alys Scott, Geac, 
+1-508-871-5854, alys.scott@geac.com