Geac Gets Its Commonsense Share Of Consolidation, With Revolving Door CEOs No Less
P.J. Jakovljevic - August 12, 2003

Event Summary

During the last few years, Geac Computer Corporation Limited (TSX: GAC), a large Canadian supplier of enterprise management software has had a roller coaster ride. It started with a rampant acquisition stint during the 1990s followed by a subsequent near-death experience and causal resorting to lifesaving divestitures in 2001, only to see the company come back around, achieve stable financial performance and articulate a clear strategy to move away from its all-but-failed business model of selling maintenance and services for outdated applications. The result is a number of recent new contract wins, rejuvenated product launches and a return to the acquisition trail amid the ongoing consolidation slugfest, but this time in a seemingly more thought-out and digestible manner...