Esprit fuels growth plans with Geac
01 12월 2005 - 8:00PM
PR Newswire (US)
Product Lifecycle Management (PLM) system to embrace hundreds of
product developers across Europe and Asia RATINGEN, Germany and
STUDLEY, UK, Dec. 1 /PRNewswire-FirstCall/ -- International
lifestyle group Esprit has fuel+led its growth plans and capability
for future development with a Product Lifecycle Management (PLM)
solution from Geac(R) (TSX: GAC, NASDAQ: GEAC). The QuestPLM
software is supplied by RunTime, Geac's specialist division serving
the apparel and footwear industry. This latest investment cements a
long standing relationship with the lifestyle group, and will
involve QuestPLM being accessible to hundreds of users across
Europe, Asia and USA in order to promote greater design
collaboration. Headquartered in Ratingen, Germany, Esprit designs,
sources and sells lifestyle products designed under the globally
recognised Esprit brand. Active throughout more than 40 countries
Esprit operates 631 directly managed retail stores, 766 partnership
stores and over 8,900 wholesale outlets. QuestPLM is crucial in
enabling Esprit to manage the complicated and sophisticated
processes around this global operation. The Hong Kong 'sourcing
office' continuously updates supplier relationships to find
fabrics, base garments and follow up on the production process
which all results in its products being shipped across the world.
QuestPLM will be critical to the efficiency of this key operation.
Dr. Dirk Seifert, Chief Operating Officer for Esprit, outlined what
the investment will mean for the group: "Our international scope
means we are continually looking to move into new markets, which in
turns creates a need for agility and supply chains that can get our
brand into new territories quickly and without complication." Tom
Van Soest, International Sales Manager for Geac's RunTime business,
said: "Esprit and Geac have enjoyed a long standing relationship
that has evolved into a true partnership. The QuestPLM solution
supports a great deal of Esprit's operations and their move to open
licensing is indicative of their large commitment to the system.
This will mean that Esprit's designers all over the world will be
able to benefit from using our collaborative design system." Dr.
Dirk Seifert concluded: "This upgrade and expansion of our systems
stands us in very good stead for future development. Like any
retailer we know we cannot stand still and optimising our supply
chain, product management and distribution strategy are key to our
growth." 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 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: Media Contacts: Crawford
Warnock, Citigate Dewe Rogerson, +44 (0)1604 232223, ; Richard
Moore, Geac, +44 (0) 1527 496189, ; Investor Contact: Alys Scott,
Geac, (781) 672-5980,
Copyright