Geac MPC Scores Highest in Ventana Research's 2005 Performance Management Vendor and Product Scorecard
MARKHAM, Ontario and SOUTHBOROUGH, Mass., May 4, 2005 ' Geac® (TSX: GAC, NASDAQ: GEAC) and its Geac MPC software suite received the highest ratings among all competitive offerings in Ventana Research's newly published 2005 Performance Management Vendor and Product Scorecard. In an independent evaluation, Ventana Research, a leading performance management research and advisory services firm, rated Geac MPC first in all three categories it evaluated, among a field of more than 30 companies and 70 products. Geac MPC is an integrated performance management software suite, offering strategy, planning, budgeting, forecasting, consolidation and reporting.
'Our explicit purpose was to research the maturity of software vendors and products for the methodology and process of Performance Management,' said Mark Smith, SVP of Research and CEO of Ventana Research. 'This research, which is completely unbiased and objective, is the first industry report assessing software designed specifically for enabling Performance Management. We advise that organizations use it to increase their understanding of how different software and solutions rank in meeting their business and IT requirements for Performance Management.'
Geac was the 'overall' winner in the Ventana Research Scorecard with a score of 94%; the second-place finisher scored 86%. Geac also recorded the high score in each of Ventana Research's three other Scorecard evaluation categories:
' Align (94.3%) - ensuring that the recommended actions and plans are in the direct path for reaching the goals, objectives and initiatives set out by executives and management; ' Optimize (87.6%) - planning for future actions and decisions to define the goals, objectives and initiatives as set out in the 'Align' step; and ' Understand (96.4%) - reviewing the historical performance of people and processes.
Ventana Research evaluated Geac MPC Corporate Performance Management Suite release 6.5 for its Scorecard research.
'This objective industry research demonstrates what Geac and our customers have long believed ' that Geac MPC is an extremely well designed, highly functional, versatile and valuable performance management solution,' Jeff Murphy, senior vice president, Geac Performance Management, said. 'We are extremely proud to have ranked first in such an extensive evaluation of companies and products serving the performance management market.'
Geac will showcase Geac MPC at its upcoming ALLIANCE2005 conference, being held at the Walt Disney World Swan and Dolphin Hotels in Orlando, Florida, May 8-11. Registration for ALLIANCE2005 is available online at http://alliance.geac.com/.
For an executive summary of the Ventana Research Scorecard, visit www.ventanaresearch.com/2005scorecard.