GEAC SELECTS RES TO SUPPORT ITS GROWING HOSTED EXPENSE MANAGEMENT OPERATIONS
SACRAMENTO, California (September 19, 2005) - RagingWire Enterprise Solutions, Inc. (RES), a leading IT outsourcing provider of infrastructure, software as a service and on-demand solutions, today announced it has been selected by Geac(R) (TSX:GAC, NASDAQ: GEAC) to provide mission-critical IT services for Geac's growing hosted expense management and related offerings. Geac is a global enterprise software company that addresses the needs of the Chief Financial Officer. According to the terms of the multiyear agreement, RES will provide IT services and infrastructure solutions that support Geac's 24 x 7 global operations dedicated to delivering Geac Expense Reports, Payment Requests, Travel Plans, and Time Management applications on an ASP (Application Service Provider) basis to Geac customers worldwide.
"RES is excited to have Geac join our growing list of enterprise clients," said Yatish Mishra, RES' president and CTO. "Our mission-critical IT solutions support the high degree of systems availability Geac requires for its global environment. As a result, Geac has the ability to successfully meet its increasing customer needs and maintain a competitive edge in the fast-changing marketplace."
RES worked closely with Geac to engineer a solution that allowed Geac to ensure availability to its customers through a highly secure, fault-tolerant environment while realizing greater operational efficiency and bottom-line cost savings.
"Ensuring the reliability of Geac's hosted operations is critical to maximizing customer satisfaction and developing our opportunities to grow Geac's ASP business," said Isobel Harris, vice president and general manager of Geac Enterprise Solutions. "RES offers the resources and technical expertise necessary to provide high availability of Geac's hosted applications to our customers, and to scale our hosted operations going forward."
About RagingWire
RagingWire Enterprise Solutions (RES) provides highly custom and flexible managed services and world-class IT infrastructure solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility that offers "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 companies' mission-critical, back-office IT systems and applications. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com .
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 info@geac.com.
