Geac, a global enterprise software company for business performance management, announced its hosted solutions business has experienced a significant increase over the past two years. There are more than 132,000 seats of Geac Performance Management presently under contract. Recently, a multinational financial services institution increased its total hosted seats of Geac Expense Reports and Geac Travel Planning by 20,000 a clear testament to Geac's flexible deployment options. In France, the market continues to show demand for hosted solutions. Geac's Anael business signed three new customers in the quarter, building recurrent subscription revenues for Geac's business in that region.
Geac's hosted solutions represent one of several application delivery and deployment options the company offers its customers, as part of its commitment to provide flexibility and choice. Geac's expanded application delivery model also includes licensed software and usage-based programs.
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