Blog: Craig Schiff: Geac to be Acquired

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Geac to be Acquired

As previously noted in this blog (see Geac: Acquire or Be Acquired) Geac had been looking for a way to better compete with the largest players in the BPM market. Well, apparently they have found their solution in Golden Gate Capital, a private equity firm that will acquire them.

After completion of the acquisition the Geac ERP business will be combined with another Golden Gate firm, Infor, and focus on manufacturing and distribution companies. The performance management business will remain with the current Geac team, but under a new name yet to be decided. It will become the foundation of a complete offering of integrated financial applications. The resulting company will have more money behind it and be more focused on BPM. Read the details here.

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