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Geac Computer Corporation history
Geac Computer Corporation company history timeline
Geac was incorporated in March 1971 by Robert Kurt Isserstedt and Robert Angus ("Gus") German.
By 1976 GEAC's software had become too sophisticated for existing computers, so the company began offering its own online computer hardware.
Geac introduced its library management software in 1977, and a number of well-known libraries adopted it.
The 2nd version of the 8000, a dual-CPU system released 1978, supported up to about 1GB of hard disk.
In 1980 Charles Williams became president and CEO of GEAC. Under Williams, the company specialized in financial and library applications and was focused on niche markets.
GEAC was listed on the Toronto Stock Exchange in May 1983 at C$15.75 a share.
In 1984 the French National Library in Paris awarded GEAC a C$2 million contract to automate its library catalog.
CompuServe, then a subsidiary of H&R Block Inc., had originally acquired Collier-Jackson in 1987.
Advance software became available from GEAC in late 1989.
Headquartered in Atlanta, Georgia, DBS was formed in 1990 through the merger of Management Science of America Inc. and McCormack & Dodge Corp.
In 1993 alone GEAC acquired: Mentat Computer Systems Pty.
In April 1997 GEAC held its first user group conference since acquiring DBS, at which it outlined a new business plan.
GEAC continued to acquire smaller companies in 1998.
Its 1999 acquisition of JBA Holdings PLC by the new leader, Doug Bergeron, Geac CEO, doubled the size of the company, but became a financial disaster.
As part of the planned management transition, William Nelson, who turned 65 in 1999, would continue as chairman of the board.
In March 2000 the company had spun off Interealty.com as a wholly-owned subsidiary.
In March 2006, the company was acquired by Infor Global Solutions for US$1 billion, or $11.10 per share, compared to US$1.12 five years earlier, providing the investors a 10x return.
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Geac Computer Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Syscon-Inc | 1986 | $150.0M | 90 | 2 |
| Tybrin Corporation | 1972 | - | 3,000 | - |
| Software Technology | 2004 | $18.3M | 50 | 19 |
| Intergraph | 1969 | $7.4B | 4,000 | - |
| MEDHOST | 1984 | $151.0M | 850 | - |
| PrismHR | 1985 | $4.7M | 294 | 31 |
| Pragmatics | 1985 | $1.3M | 7 | 1 |
| CTG | 1966 | $325.1M | 3,950 | 533 |
| Buchanan & Edwards | 1997 | $68.1M | 43 | - |
| StayinFront | - | $21.4M | 300 | - |
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Geac Computer Corporation may also be known as or be related to Geac Computer and Geac Computer Corporation.