Announced after a good day of trading:
Tuesday December 1, 4:22 pm Eastern Time
Geac Computer announcement/acquisition
(Full text of press release from Canadian Corporate News)
DECEMBER 1, 1998
Geac Acquires TWG Technologies, Inc.
MARKHAM, ONTARIO--Geac Computer Corporation Limited announced today that it has acquired Vancouver based TWG Technologies, Inc., to further enhance its Networks and Technical Services Operation in western Canada.
With annual revenues of approximately $3 million, TWG is a provider of NT Server and UNIX networked computer system integration and support services to large and mid-sized companies. The scope of TWG's services include field service, network design and system integration, education and training, helpdesk outsourcing and product sales.
Stephen J. Sadler of Geac comments, ''The acquisition of TWG complements our strong presence in western Canada and increases our portfolio of service offerings.''
Founded in 1971, Geac is a provider of mission critical enterprise applications, supplying industry specific software to ten vertical markets as well as cross industry administrative applications comprised of financial, human resources and materials management software. Headquartered in Markham, Canada, Geac has more than 90 offices in 16 countries and serves customers in more than 40 countries worldwide. Geac product and service information is available on the World Wide Web at geac.com, or through email at infogeac.com. Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol - GAC).
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