Gemcom Announces Completion of Acquisition



    VANCOUVER, July 23 /CNW/ - Gemcom Software International Inc. (TSX:GCM),
the largest global supplier of specialised mining productivity solutions,
today announced the completion of the plan of arrangement (the "Arrangement")
whereby an acquisition vehicle indirectly owned by affiliates of JMI Equity
Fund VI, L.P., Carlyle Venture Partners III, L.P. and Pala Investments
Holdings Limited (the "Purchaser"), acquired all of Gemcom's outstanding
common shares and Gemcom has purchased all outstanding options to purchase
Gemcom common shares.
    For shareholders who held their Gemcom shares through a broker, the
payment of the purchase price will be processed after the broker deposits the
share certificates with Pacific Corporate Trust Company, the Depositary for
the transaction, in accordance with the instructions in the letter of
transmittal previously sent. For shareholders who held their Gemcom shares in
registered form, the payment of the purchase price will be processed after
they deposit their share certificates with the Depositary in accordance with
the instructions in the letter of transmittal previously sent. For holders of
Gemcom options, Gemcom will be mailing payment directly to such holders. Any
questions regarding payment of the purchase price, including any request for
another form of letter of transmittal, should be directed to the Depositary
via telephone at +1 (877) 288-6822 or via email at pacific@pctc.com.

    About Gemcom

    When mining companies seek to increase mine productivity, they turn to
Gemcom for technology and services. The Company is home to world-renowned
mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry
thought-leaders who are pushing the boundaries of what's possible in mining.
Established in 1985, Gemcom has a global reach delivering comprehensive
solutions in all major mining centres in more than 90 countries. Every major
mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is
a Gemcom client. Through a combination of organic growth and strategic
acquisitions, the Company has become the largest global supplier of
specialised mining productivity solutions. Gemcom is listed on the TSX under
the ticker "GCM." For more information, visit www.gemcomsoftware.com.

    
    Gemcom, the Gemcom logo and combinations thereof, are trademarks of
    Gemcom Software International Inc. GEMS, Surpac, Minex, Whittle,
    MineSched, PCBC and Gemcom InSite are either registered trademarks or
    trademarks of Gemcom Software International Inc.
    





For further information:

For further information: Investor Communications, Garth Albright, Chief
Financial Officer, (604) 684-6550, galbright@gemcomsoftware.com; Nick Hurst,
Vice President, The Equicom Group, (403) 538-4845, nhurst@equicomgroup.com;
Corporate Communications, Mark Bese, Marketing Communications Manager, (604)
684-6550 ext. 4481, mbese@gemcomsoftware.com

Organization Profile

GEMCOM SOFTWARE INTERNATIONAL INC.

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