Geac Appoints Doug Ring Chief Technology Officer
11 Noviembre 2005 - 11:28AM
PR Newswire (US)
Company Continues Strong Focus on Technology Enhancements and
Product Integration for Benefit of Customers Worldwide MARKHAM, ON
and WALTHAM, MA, Nov. 11 /PRNewswire-FirstCall/ -- Geac Computer
Corporation Limited (TSX: GAC and NASDAQ: GEAC), a global
enterprise software company dedicated to addressing the needs of
CFOs, today announced the appointment of Doug Ring as Chief
Technology Officer (CTO). Mr. Ring, who was previously Vice
President of Technology, has been with Geac for nearly a decade.
"Distinguished Harvard Business School Professor Michael Porter
explains that, 'companies have to find ways of growing and building
advantages rather than simply eliminating disadvantages.' A
significant part of this at Geac is strategic innovation. In the
software business, new products based on new technology or designed
to extend the value of existing solutions are critical to success.
We have established the Office of the Chief Technology Officer to
act as a catalyst for technologic and business change. Our CTO is
charged with the mission-critical task of drawing up the blueprint
for the use of technology to support our business objectives and
the important objectives of our customers," said Tim Wright, Chief
Executive of EMEA and AP. "In his notable tenure at Geac, Doug has
played a critical role supporting me in designing technologies and
applications that extend the value of Geac's core applications, and
he has been instrumental in defining the overall technology
strategy for the Company. With an expanded commitment to new
technology assessment, innovation, partnerships and product
marketing, our focus on our customers is strongly reinforced by
this appointment." Geac recently announced that contracted sales of
internally developed new products accounted for approximately 29%
of software license revenue in the first quarter of FY 2006. This
is evidence that the Company's product innovation, and its
commitment to extending the financial value chain with
performance-driven capabilities, are achieving results. In his new
role as CTO, Mr. Ring will be responsible for monitoring and
assessing new technologies, helping to drive innovation across the
organization, strategic partnership development and marketing with
industry analysts and relevant trade media. Mr. Ring will serve as
an advisor to senior executives and will report directly to Charles
Jones, President and CEO of Geac. Mr. Ring has been with the
company since 1996, when Geac acquired Dun & Bradstreet
Software, where he served as the Director of Emerging Technologies.
While at Geac, Mr. Ring's technology assessments and counsel have
provided strong direction for potential acquisitions. Following the
Company's acquisitions of Comshare and Extensity, in the
Performance Management arena, Mr. Ring was instrumental in
technology integration efforts and has been invaluable in expanding
Geac's capabilities in the financial value chain. Mr. Ring has
negotiated and managed key technical relationships including
Microsoft, IBM and Lombardi, among others, and has been actively
involved in the communication of technology strategy to press,
industry analysts, senior management, partners and customers. Prior
to joining Geac, Mr. Ring spent five years consulting with a number
of leading companies including Holiday Inn Worldwide, the Los
Angeles Times, and Mattel Toys. He started his career at Canada
Mortgage and Housing. Educated in Canada, Mr. Ring has a diploma in
Civil Resources Engineering and a certificate in Commercial Diving
from Seneca College in Toronto. He has a diploma in Information
Technology from Algonquin College in Ottawa. About Geac Geac (TSX:
GAC, NASDAQ:GEAC) is a global enterprise software company that
addresses the needs of the Chief Financial Officer. Geac's
best-in-class technology products and services help organizations
do more with less in an increasingly competitive environment,
amidst growing regulatory pressure, and in response to other
business issues confronting the CFO. Further information is
available at http://www.geac.com/ or through e-mail at . This press
release may contain forward-looking statements of Geac's
intentions, beliefs, expectations and predictions for the future.
These forward-looking statements often include use of the future
tense with words such as "will," "may," "intends," "anticipates,"
"expects" and similar conditional or forward-looking words and
phrases. These forward-looking statements are neither promises nor
guarantees. They are only predictions that are subject to risks and
uncertainties, and they may differ materially from actual future
events or results. Geac undertakes no obligation to update or
revise the information contained herein. Risks and uncertainties
that relate to Geac's business and operations are summarized in
more detail from time to time in our filings with the United States
Securities and Exchange Commission and with the Canadian Securities
Administrators. Please refer to Geac's most recent quarterly
reports available through the website maintained by the SEC at
http://www.sec.gov/ and through the website maintained by the
Canadian Securities Administrators and the Canadian Depository for
Securities Limited at http://www.sedar.com/ for more information on
risk factors that could cause actual results to differ. Geac is a
registered trademark of Geac Computer Corporation Limited. All
other marks are trademarks of their respective owners. DATASOURCE:
Geac Computer Corporation Limited CONTACT: Geac Investor and Media
Contacts: Alys Scott, Vice President, Corporate Communications,
Geac, (781) 672-5980,
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