18 February 2018
Visit www.avoka.com

Geac inks $350K software and services contract

22 July 2005  |  1644 views  |  0 Source: Geac

Geac (TSX:GAC, NASDAQ:GEAC) today announced it has won a contract for software and services valued at approximately US$350,000 from a major U.S. financial services institution involved in home mortgage lending.

The organization purchased Geac MPC performance management software, which it plans to deploy by the end of the year.

The sale marks Geac's latest success extending its position in the financial services industry, one of two vertical sectors that the company is targeting with industry-specific campaigns to capitalize on its collective expertise and established customer base and partnerships. Geac's other significant initiative is aimed at the Government sector.

"This win demonstrates that Geac's financial services industry campaign continues to gain traction," Charles S. Jones, Geac's president and CEO, said. We believe that Geac has a significant opportunity to build business with financial services and government institutions, given our robust product offerings and long history serving the information technology needs of such enterprises. Even with this notable recent success, we have found it challenging in closing the new business pipeline, as the market is intensely competitive; the first quarter continues to be our most challenging, even with our increased spending on selling and marketing."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.nextgenbanking.co.ukvisit www.ebaday.com

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10471 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8257 views comments | 15 tweets | 41 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
7750 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7619 views 3 | 9 tweets | 4 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job