Gemcom Announces Completion Of Acquisition

Vancouver, Canada – July 23, 2008 – 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 [email protected].