Geac appoints Eric Rosenfeld to Board of Directors
October 21 2005 - 5:01PM
PR Newswire (US)
MARKHAM, ON and WALTHAM, MA, Oct. 21 /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 that its Board of Directors has appointed
Eric Rosenfeld of New York-based Crescendo Partners, L.P., as
director of the Company, effective immediately. "During the last
many weeks, the Board's Corporate Governance and Nominating
Committee has had the opportunity to conduct a full and proper
review of Eric's credentials and candidacy, and we are delighted to
welcome him to the Board of Geac," said Kent Jespersen, Chairman of
Geac. "Eric's experience with mergers and acquisitions, his
understanding of the technology sector and his focus in the public
company arena will be strong assets for Geac as we continue to
examine the best possibilities for growth and value for the benefit
of employees, customers and our shareholders. We are particularly
pleased that Eric and our CEO have developed a good working
relationship." Mr. Rosenfeld has been President and Chief Executive
Officer of Crescendo Partners, L.P., an investment firm based in
New York, since its formation in 1998. Crescendo and its affiliates
own approximately 5% of the issued and outstanding shares of Geac.
Prior to forming Crescendo Partners, Mr. Rosenfeld held the
position of Managing Director at CIBC Oppenheimer and its
predecessor company Oppenheimer & Co., Inc. He received an MBA
from Harvard University and an BA degree in Economics from Brown
University. He was Chairman of the Board of Spar Aerospace Limited
from 1999 through 2001 until its sale to L-3 Communications. Mr.
Rosenfeld is also Chairman, President and Chief Executive Officer
of Arpeggio Acquisition Corporation, Chairman of CPI
Aerostructures, Inc. and Computer Horizons Corp., and a director of
Sierra Systems Group Inc. and Emergis, Inc. Mr. Rosenfeld is a
regular guest lecturer at Columbia Business School and is a member
of the faculty of Directors College. He has served on numerous
panels at Queen's University Business Law School Symposia, McGill
Law School and the World Presidents' Organization. Mr. Rosenfeld
has also been a regular guest host on CNBC. 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. Important factors that
could cause a material difference between these forward-looking
statements and actual events include, among other things: our
ability to increase revenues from new license sales, cross-sell
into our existing customer base and reduce customer attrition;
whether we can identify and acquire synergistic businesses and, if
so, whether we can successfully integrate them into our existing
operations; whether we are able to deliver products and services
within required time frames and budgets to meet increasingly
competitive customer demands and performance guaranties; risks
inherent in fluctuating international currency exchange rates in
light of our global operations and the unpredictable effect of
geopolitical world and local events; whether we are successful in
our continued efforts to manage expenses effectively and maintain
profitability; our ability to achieve revenue from products and
services that are under development; the uncertain effect of the
competitive environment in which we operate and resulting pricing
pressures; and whether the anticipated effects and results of our
new product offerings and successful product implementation will be
realized. These and other potential 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: Investor and Media
Contact: Alys Scott, Vice President, Corporate Communications,
Geac, (781) 672-5980,
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