Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (779)	6/9/1999 4:33:00 PM
From: Dale Geffrey	Read Replies (2) \| Respond to of 1571

Does anyone think think this is why we were up so much today? Or, will this story be reflected in tomorrow's trading? OR, is this a non-story? Thank you in advance. Related Quotes GAC.TO 27.75 +1.45 Wednesday June 9, 4:21 pm Eastern Time Company Press Release Geac Announces the Acquisition of Cybergraphic Systems MARKHAM, ONTARIO--Geac Computer Corporation Limited today announced that it has agreed to acquire Melbourne, Australia based Cybergraphic Systems Limited (http://www.cybergraphic.com) for approximately C$16 million. With offices in England, Asia/Pacific, and North America, Cybergraphic is an international provider of integrated information management solutions for editorial, advertising, pagination and Internet functions of the publishing industry. Cybergraphic's revenues have grown at over 20 percent per year for the most recent 3 fiscal years to a current run rate of C$22 million. Its customers include major newspaper groups - Hollinger, Knight-Ridder, News Corp. and the Fairfax Group, which together publish recognized journals such as the Sydney Morning Herald, the Australian, the Montreal Gazette and the Milwaukee Journal Sentinel. Cybergraphic's client/server solutions combine editorial and classified advertising management which allow its clients to operate in a streamlined electronic production environment that increases their productivity while lowering the total cost of ownership. Douglas Bergeron, President and CEO of Geac said: ''This transaction represents a very good example of our acquisition strategy. It adds significant market share to an existing vertical market, while providing us with synergies in the distribution channel and the leverage to greatly enhance divisional sales.'' ''Geac and Cybergraphic have complementary technologies and areas of expertise, '' said Bernard Grinberg, Managing Director of Cybergraphic Systems. ''Cybergraphic's strength is in editorial and classified advertising systems, while Geac's strength lies in display advertising and the business aspects of advertising billing for classified, retail and national accounts. Combining the offerings provides newspapers with a complete advertising system thereby eliminating duplicate production interfaces, rating, and account management functions''. ''Geac Publishing Systems looks forward to providing our customers with a more extensive product offering,'' said Warren Fletcher, General Manager of Geac Publishing Systems. ''The purchase of Cybergraphic is a significant step toward our goal of offering end-to-end solutions for the newspaper publishing industry.'' 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 (http://www.geac.com), or through email at info@geac.com (mailto:info@geac.com). Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol: GAC). Dale