Twilfit Invests in Geac PLM System to Ensure 'Innovation Becomes an Every Day Event'
17 1월 2006 - 10:00PM
PR Newswire (US)
Fashion retailer set to increase collections from four to 10 per
year with new product development software WALTHAM, MA and STUDLEY,
UK, Jan. 17 /PRNewswire-FirstCall/ -- Twilfit AB
(http://www.twilfit.se/), a Swedish ladies fashion and lingerie
retailer, has invested in a complete range of collaborative product
development tools from Geac(R) (TSX: GAC, NASDAQ: GEAC). The
software from RunTime, Geac's specialist division serving the
apparel and footwear industry, is expected to go live in early
2006. The integrated solution incorporates StyleTime, ColorTime,
KnitTime, QuestPDM and Quest Merchandiser, and will be used by
designers, product managers and visual merchandisers in the
Stockholm head office. Twilfit began in 1922 and now has 48 retail
outlets. It recently decided it needed to replace a manual design
system which relied heavily on transferring information between
standalone systems such as Illustrator, Photoshop, Excel and
PowerPoint. Instead it wanted an integrated system to connect all
design and production departments to make it easy for product
managers to find information at all times; to shorten lead-times as
well as being able to hand out guidelines and sales books to their
shops to get more control of the presentation of new products.
Anders Arnborger, CEO for Twilfit said: "We investigated other
solutions, but due to the many capabilities within the Geac
solution; the positive experiences we have seen from other Geac
customers in Sweden and the security that lies in the fact that
Geac solutions are used by so many customers in our industry made
Geac the ideal choice for us. "This 'turn key' product lifecycle
management (PLM) solution will help us to constantly develop new
products. Our customers are always returning to our stores and
expect to see new designs and so we're now aiming to get new
products on the shelves every two weeks. We can achieve this with
our new Geac solution as we no longer need to reinvent the wheel
every time we design a new product. It promotes far greater
efficiency as it will connect all the processes from idea
generation to production and in-store merchandising. It is a major
move to go from four to 10 collections a year, but we'll be able to
do this as the integrated product will enable our design teams to
make innovation an essential part of their everyday duties." One of
Geac's key differentiating factors is its integrated Quest
Merchandiser software. This will enable Twilfit to visualise new 3D
designs as they will appear in-store. It will be possible to
manipulate images to assess the effectiveness of window and
in-store displays to promote maximum impact at a very early stage
of product planning. Essentially it will help formulate the design
and production plans. Steen Waever Poulsen, international sales
& business development manager for Geac's RunTime business,
concluded: "Speed to market with the right designs is a concept
that is critically important for fashion retailers like Twilfit who
need to compete with other leading fashion brands and retailers on
both innovative designs and the high availability of the right
stock. Our system will help from merchandising, designing to
product development and this will help Twilfit streamline its
entire supply chain and ensure it gets new designs right first
time. Our software will help them to be fantastically responsive to
market needs." About Geac Geac (TSX: GAC, NASDAQ: GEAC) is a global
enterprise software company that provides best-in-class technology
products and services to 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. Geac RunTime, which has hundreds of customers in the fashion
and apparel industry, develops and sells software for the design
and pre-production phases of the manufacturing process, product
data management, customer relationship management and sales force
automation http://www.runtime.geac.com/ Corporate 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 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: Media: Nina Wainwright,
Citigate Dewe Rogerson, +44 (0)1604 232223, ; Richard Moore, Geac,
+44 (0) 1527 496189, ; Investor Contact: Alys Scott, Geac, (781)
672-5980,
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