Only 15 months after its last major acquisition, enterprise software maker Geac Computer announced that it is to acquire Comshare, a performance management software provider.
Buying the company is part of Geac’s ongoing effort to build a complete suite of front office applications, the company said.
Specifically, Geac has eyed up Comshare’s MPC suite, which includes solutions for various business performance management tasks.
Paul Birch, president and chief executive officer of Geac, said that the company is trying to keep pace with customer demand.
"Make no mistake, this is a customer-driven acquisition by Geac," Birch said.
Geac also recently held its annual Alliance user conference in Orlando. In attendance at Alliance was long-time Extensity customer Maggie Lagana, director of treasury operations at Thomson.
She said her initial reaction upon hearing about the Geac acquisition was unease. Geac bought Extensity last March.
"I was extremely concerned," Lagana said. "They were the ones that had all the install knowledge. I knew that if I called a Geac person, there was no way they [could] answer a technical question [about Extensity]."
However, she said the move proved to be beneficial to Extensity customers in the long run, ridding it of the lingering doubt surrounding its ability to survive in a tough market.
But Lagana said if Alliance 2003 was any indication, Geac still has work to do when it comes satisfying Extensity’s customer base.
"The part I thought was unfortunate was there wasn’t enough information on the Extensity system, the intricacies of the system," she said. "It was a way for them to let the Extensity customers know what their other products are."
Written by Computerworld staff