Geac MPC Scores Highest in Ventana Research's 2005 Performance Management Vendor and Product Scorecard
May 04 2005 - 1:34PM
PR Newswire (US)
Geac MPC Scores Highest in Ventana Research's 2005 Performance
Management Vendor and Product Scorecard Geac leads more than 30
companies and 70 products in Ventana Research's independent
assessment MARKHAM, ON and SOUTHBOROUGH, MA, May 4
/PRNewswire-FirstCall/ -- Geac(R) (TSX: GAC, NASDAQ: GEAC) and its
Geac MPC software suite received the highest ratings among all
competitive offerings in Ventana Research's newly published 2005
Performance Management Vendor and Product Scorecard. In an
independent evaluation, Ventana Research, a leading performance
management research and advisory services firm, rated Geac MPC
first in all three categories it evaluated, among a field of more
than 30 companies and 70 products. Geac MPC is an integrated
performance management software suite, offering strategy, planning,
budgeting, forecasting, consolidation and reporting. "Our explicit
purpose was to research the maturity of software vendors and
products for the methodology and process of Performance
Management," said Mark Smith, SVP of Research and CEO of Ventana
Research. "This research, which is completely unbiased and
objective, is the first industry report assessing software designed
specifically for enabling Performance Management. We advise that
organizations use it to increase their understanding of how
different software and solutions rank in meeting their business and
IT requirements for Performance Management." Geac was the "overall"
winner in the Ventana Research Scorecard with a score of 94%; the
second-place finisher scored 86%. Geac also recorded the high score
in each of Ventana Research's three other Scorecard evaluation
categories: - Align (94.3%) - ensuring that the recommended actions
and plans are in the direct path for reaching the goals, objectives
and initiatives set out by executives and management; - Optimize
(87.6%) - planning for future actions and decisions to define the
goals, objectives and initiatives as set out in the "Align" step;
and - Understand (96.4%) - reviewing the historical performance of
people and processes. Ventana Research evaluated Geac MPC Corporate
Performance Management Suite release 6.5 for its Scorecard
research. "This objective industry research demonstrates what Geac
and our customers have long believed - that Geac MPC is an
extremely well designed, highly functional, versatile and valuable
performance management solution," Jeff Murphy, senior vice
president, Geac Performance Management, said. "We are extremely
proud to have ranked first in such an extensive evaluation of
companies and products serving the performance management market."
Geac will showcase Geac MPC at its upcoming ALLIANCE2005
conference, being held at the Walt Disney World Swan and Dolphin
Hotels in Orlando, Florida, May 8-11. Registration for ALLIANCE2005
is available online at http://alliance.geac.com/. For an executive
summary of the Ventana Research Scorecard, visit
http://www.ventanaresearch.com/2005scorecard. About Geac Geac (TSX:
GAC, NASDAQ:GEAC) is a global enterprise software company that
addresses the needs of the Chief Financial Officer. Geac's
best-in-class technology products and services help organizations
do more with less in an increasingly competitive environment,
amidst growing regulatory pressure, and in response to other
business issues confronting the CFO. Further information is
available at http://www.geac.com/ or through e-mail at . This press
release may contain forward-looking statements of Geac's
intentions, beliefs, expectations and predictions for the future.
These forward-looking statements often include use of the future
tense with words such as "will," "may," "intends," "anticipates,"
"expects" and similar conditional or forward-looking words and
phrases. These forward-looking statements are neither promises nor
guarantees. They are only predictions that are subject to risks and
uncertainties, and they may differ materially from actual future
events or results. Geac undertakes no obligation to update or
revise the information contained herein. Important factors that
could cause a material difference between these forward-looking
statements and actual events include, among other things: our
ability to increase revenues from new license sales, cross-sell
into our existing customer base and reduce customer attrition;
whether we can identify and acquire synergistic businesses and, if
so, whether we can successfully integrate them into our existing
operations; whether we are able to deliver products and services
within required time frames and budgets to meet increasingly
competitive customer demands and performance guaranties; risks
inherent in fluctuating international currency exchange rates in
light of our global operations and the unpredictable effect of
geopolitical world and local events; whether we are successful in
our continued efforts to manage expenses effectively and maintain
profitability; our ability to achieve revenue from products and
services that are under development; the uncertain effect of the
competitive environment in which we operate and resulting pricing
pressures; and whether the anticipated effects and results of our
new product offerings and successful product implementation will be
realized. These and other potential risks and uncertainties that
relate to Geac's business and operations are summarized in more
detail from time to time in our filings with the United States
Securities and Exchange Commission and with the Canadian Securities
Administrators. Please refer to Geac's most recent quarterly
reports available through the website maintained by the SEC at
http://www.sec.gov/ and through the website maintained by the
Canadian Securities Administrators and the Canadian Depository for
Securities Limited at http://www.sedar.com/ for more information on
risk factors that could cause actual results to differ. Geac is a
registered trademark of Geac Computer Corporation Limited. All
other marks are trademarks of their respective owners. DATASOURCE:
Geac Computer Corporation Limited CONTACT: Media Contact: David
Domeshek, Geac, (508) 871-5064, ; Investor Contact: Laura
Hindermann, Geac, (508) 871-5045,
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