Geac Wins US$350,000 Contract with Major U.S. Home Mortgage Lending Institution

Organization invests in Geac MPC performance management software

MARKHAM, ON and SOUTHBOROUGH, MA, July 22 /CNW/ - Geac(R) (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."

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(at)geac.com.

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 www.sec.gov and through the website maintained by the Canadian
Securities Administrators and the Canadian Depository for Securities Limited
at 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.

For further information

Media Contact: David Domeshek, Geac, (508) 871-5064, david.domeshek@geac.com
Investor Contact: Laura Hindermann, Geac, (508) 871-5045, laura.hindermann@geac.com

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Source: Geac Computer Corporation Limited

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