Geac Signs Major Enterprise Solutions Deal With Scotiabank
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To dumpthelackies: dump bergeron now.......that's all you ever say! ever.
A quick scan of your posts back to March shows no supporting information or useful discussion from you at all. Just repetitive, mindless slagging. So whats your point? Anyone who looks at the stock chart, owns the stock, knows this company and all ERPs are severly lagging other than ORCL (like IBM, SAP, PSFT, BAANF). If you hate the guy and the company so much, why not sell now. Markets are trading daily. Anyone following this knows it's not a tier 1 ERP co, but it's valuation may reflect that. ERPs business has been lousy since Y2K, and they're trying to build some kind of market share from the single digits, must adapt in the long run to web from mainframe/client server against the ORCLs, while they say their strategy is service revenue not technology centric, and acquisitions and integrations are usually risky, although they are diverse which helps -- so if you can't handle the prospects of a company in that position then sell, or just why do you participate? Yahoo's where the shill's and manipulators hang out.
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Well Scotiabank obviously has more confidence. "A year long review" sounds impressive. Well, It's $1.4M, but it's a good customer brand name:
Wednesday June 28, 4:53 pm Eastern Time
Company Press Release
Geac Signs Major Enterprise Solutions Deal With Scotiabank
TORONTO--(BUSINESS WIRE)--June 28, 2000--Geac Computer Corporation Limited (TSE:GAC. - news) announced today that Scotiabank, one of Canada's largest financial institutions, has chosen the SmartStream financial and procurement solutions as the backbone for its financial systems infrastructure.
The contact, valued at over $1.4M, encompasses several strategic areas, including funds control and asset allocation.
Harry Debes, President of Geac Enterprise Solutions in the Americas said: ``We are very proud to be selected by ScotiaBank. This further validates our partnership with Cognos (TSE: CSN - news) and demonstrates once again how customers can use our solutions to improve productivity throughout their enterprise.''
The SmartStream solution was selected following a year-long comparative review of alternative software systems currently available in the marketplace. The Geac solution will help Scotiabank address a combination of operational and MIS needs and will be a key component of the Bank's long term financial system strategy.
Geac Computer Corporation Limited (Toronto Stock Exchange Symbol: GAC - news) is a provider of mission critical software and systems solutions to corporations around the world. Geac solutions include cross-industry enterprise business applications for financial administration and human resources functions, and enterprise resource planning applications for manufacturing, distribution, and supply chain management. As well, Geac provides several industry-specific 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. Further information is available on the World Wide Web at geac.com, or through e-mail at info@geac.com. |
