Markham, ON and Waltham, MA, January 30, 2006 - Geac Computer Corporation Limited (TSX:GAC and NASDAQ: GEAC) today announced that the Ontario Superior Court of Justice has issued the final order approving the Plan of Arrangement pursuant to which affiliates of Golden Gate Capital will acquire all of the shares of Geac. Under the terms of the Arrangement, Geac shareholders will receive U.S.$11.10 in cash for each common share of Geac. The transaction is expected to close on or before March 16, 2006 following the completion of the syndication of the firmly committed debt financing in which JP Morgan, Merrill Lynch, Wells Fargo Foothill and D.B. Zwirn Finance, among others, will participate.
Geac is a leading global provider of software and services for businesses and governmental bodies providing customers with financial and operational technology solutions to optimize their financial value chain. Further information is available at ,a href="http://www.geac.com">www.geac.com or through email at email@example.com.