Here's a little fluff:
Tuesday July 21, 5:16 pm Eastern Time
Company Press Release
Geac Announces Sale To Four Sheraton Hotels In Hawaii
MARKHAM, Ontario--(BUSINESS WIRE)--July 21, 1998--Geac (TSE:GAC. - news) today announced that it has won the contract to install Geac/UX Property Management System (PMS) at ITT Sheraton's four-hotel, 4,300-room complex in Waikiki, Hawaii.
The contract is the largest single order ITT Sheraton has ever placed for a property management system. Upon completion, Geac/UX will consolidate all cashier transactions, telephone operations, housekeeping, night auditing, commercial firm tracking, statistics, database maintenance, security and accounts receivable for all four hotels on to one server - the Multiple Property Server (MPS), at one location and with only one IT staff.
For ITT Sheraton, Geac/UX will simultaneously lower MIS operating and personnel costs, improve guest service quality and augment revenues. Geac/UX gives the hotel the ability to keep a guest history, which speeds up the reservation process, provides a more personalized service to each guest and in addition allow hotel management to develop guest reward and recognition programs. Geac/UX also allows management to maintain rate integrity and manage inventory in real-time at all four properties. More significantly, Geac/UX will allow guests to have unlimited, billable access to the services of any of the four Sheraton hotels connected to the MPS, independent of where the guest is staying. These functionalities will allow the Sheraton Hawaii Division to work more efficiently with their wholesale tourism partners and profit from the booming upscale tourism business.
ITT Sheraton's Hawaii division joins a growing list of premier properties that are realizing returns from Geac/UX's leading edge technology advanced functionality and intuitive user interfaces. As a result, Geac has become the preferred supplier of property management systems to ITT Sheraton and its parent company - Starwood Hotels and Resorts, with marquee properties in Manhattan, Toronto and Atlanta, Georgia.
Founded in 1971, Geac is a provider of mission critical enterprise applications, supplying industry specific software to nine vertical markets as well as cross industry administrative applications comprised of financial, human resources and materials management software. Headquartered in Markham, Canada, Geac has over 70 offices in 16 countries and with our partners, serve customers in over 40 countries worldwide. Geac product and service information is available on the World Wide Web at geac.com, or through email at info@geac.com. Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol:GAC).
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