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: Flipper12 who wrote (831)	7/22/1999 5:22:00 PM
From: sPD	Respond to of 1571

Acquisition of JBA Holdings PLC July 22, 1999 Geac Computer Corporation Limited - Billion Dollar Softwar Giant To Be Created from Acquisition of UK's Second Largest Software Company LONDON, ENGLAND--Geac Computer Corporation Limited (TSE: GAC) announced today that it intends to acquire JBA Holdings PLC (LSE:JBA) in a deal valued at approximately C$205.5 M (œ92.5M), or œ2.50 per share. The offer has been unanimously endorsed by the Boards of both companies. The offer is subject to statutory and regulatory approval as well as to certain conditions set out in the formal offer, including acceptance of the offer by a minimum of 90 percent of the shareholders of JBA. JBA is one of the word's largest mid-market ERP (enterprise resource planning) software companies with 1998 revenues in excess of C$500M (œ215M) from continuing operations. JBA is a leading systems provider to the food and beverage, apparel, automotive supplier, and electronics industries servicing approximately 4500 customers in over 50 countries. JBA's revenues have grown at a compounded rate of over 20 percent since 1994. Douglas Bergeron, President and CEO of Geac said: "This is an historic event for all stakeholders of Geac and JBA. As a combined organization, we will be one of the largest software companies in the world, and a leading force in the ERP marketplace. The new organization will have enhanced abilities to satisfy our customers and to provide greater opportunities for our employees." Ken Briddon, CEO of JBA commented: "We are very excited about joining Geac. Our businesses are highly complementary, both in the markets we serve and by geography. The combined financial strength of our organizations means that we can continue our record of product excellence and market leadership." Geac Computer Corporation Limited (Toronto Stock Exchange: Symbol GAC) is a provider of mission critical software and systems, supplying industry-specific solutions to large and medium sized enterprises operating in a number of vertical markets. Headquartered in Markham, Ontario, Canada, Geac has more than 90 offices in 16 countries and serves customers in more than 40 countries worldwide. Geac products and service information is available on the World Wide Web at (http://www.geac.com). FOR FURTHER INFORMATION PLEASE CONTACT: GEAC Computer Corporation Ltd. Douglas Bergeron CEO (905) 475-0525 (905) 940-3708 (FAX) E-mail: d.bergeron@geac.com or John Lanaway CFO (905) 475-0525 (905) 940-3708 (FAX) E-mail: j.lanaway@geac.com