Global Imaging Results Set Records For Fiscal Third Quarter

Revenues up 8.0 Percent and Net Income up 8.5 Percent from Year-Ago Quarter

TAMPA, Fla., Jan. 25–Global Imaging Systems, Inc. (Nasdaq: GISX) today announced third quarter record revenues, operating income, net income and earnings per share for the three months ended December 31, 2006. Highlights of the quarter include:

· Automated office equipment, primarily copiers and multi function products (MFPs), continued to post positive internal revenue growth for the 34^th consecutive quarter.

· Diluted earnings per share were $0.34, up from the year ago third quarter diluted EPS of $0.32 after adjusting to reflect the 2-for-1 stock split in August 2006.

· Repurchased 589,750 shares of common stock for a total price of approximately $12.6 million.

· Acquired Copy Dynamics, Inc., a New Jersey office technology dealer, adding approximately $13.0 million in annualized revenue.

The company also reported record results for the first nine months of fiscal 2007 ended December 31, 2006. Highlights of the nine months include:

· Diluted earnings per share were $0.99 versus the year ago comparable period diluted EPS of $0.91, after adjusting to reflect the 2-for-1 stock split in August 2006.

· Completed the recasting of the company’s capital structure, which includes a more flexible senior credit facility with lower interest rates.

· Repurchased 2,154,115 shares of common stock for a total price of approximately $45.1 million.

· Completed four acquisitions, acquiring approximately $42.4 million in annualized revenue.

Tom Johnson, chairman and CEO of Global Imaging Systems, said, “Another quarter of record net income speaks for itself. We thank our loyal customers and especially our dedicated management team and employees for maintaining their focus on and commitment to outstanding customer service which translates into our consistent bottom-line results.”

Michael Shea, president and COO of Global Imaging Systems, said, “A year ago at this time one of our biggest challenges was healthcare costs, which we have effectively addressed. Our biggest challenge, and opportunity, for the balance of this fiscal year and next year is staffing for continuing growth in a low unemployment environment. We are already addressing this challenge by accelerating our investment in recruiting and training sales professionals. Keeping in mind our historical efforts to balance profitability and growth, we believe these strategic investments will provide the catalyst to increase our internal revenue growth while maintaining our mission of being the most profitable distributor of office technology.”

Mr. Shea added, “At the same time, our constant focus on customer retention, aftermarket revenues and our print management initiative continue to have a positive impact on our growth in service and supplies, the most profitable part of our business. We intend to sustain our focus on print management while expanding our sales force and more importantly our customer base.”

Mr. Johnson said, “We ended the quarter with total internal revenue growth of three percent. Our third quarter internal growth for automated office equipment was one percent, and for our technology business 12 percent. Our estimate for fourth quarter growth in total revenue, including acquisitions to date but not potential future acquisitions, is six to nine percent. Our estimate for fourth quarter internal revenue growth is two to four percent, as we continue to compare with strong results in prior year periods. Diluted earnings per share should be in the range of 32 to 34 cents. This would compare with split-adjusted diluted EPS of 31 cents (63 cents as originally reported) for the fourth quarter last year. Our acquisition program’s external growth goal for fiscal year 2007 remains to acquire $60 to $100 million in annualized revenue.”

The company’s third quarter conference call is scheduled for this morning, January 25, at 10:00 a.m. ET, and the fiscal year 2007 conference call is scheduled for May 9, 2007 at 10:00 a.m. ET. You may access the calls through live webcasts by using the link provided on the company’s Internet home page at http://www.gisx.com/. The webcasts will also be archived and available on the company’s website.

Global Imaging Systems offers thousands of middle-market customers a one-stop solution for office technology needs in 32 states and the District of Columbia. The company provides a broad line of office technology solutions including the sale and service of copiers and other automated office equipment, network integration services, and electronic presentation systems. The company is also a disciplined, profitable consolidator in the highly fragmented office technology solutions industry.

This press release includes presentations of earnings before interest, taxes, depreciation and amortization ("EBITDA") and adjusted EBITDA. Adjusted EBITDA represents EBITDA adjusted for the loss on early extinguishment of debt and other income. EBITDA is a measure commonly used by the capital markets to value enterprises. Interest, taxes, depreciation and amortization can vary significantly between companies due in part to differences in accounting policies, tax strategies, levels of indebtedness and interest rates. Excluding these items provides insight into the underlying results of operations and facilitates comparisons between Global and other companies. EBITDA is also a useful measure of the company’s ability to service debt and is one of the measures used for determining debt covenant compliance. Management believes EBITDA and adjusted EBITDA information is useful to investors for these reasons. Both EBITDA and adjusted EBITDA are non-GAAP financial measures and should not be viewed as an alternative to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure is net income and has provided a reconciliation of EBITDA and adjusted EBITDA to net income in this press release.

This news release contains forward-looking statements and statements based on forward-looking information, including statements relating to Global’s expected future acquisitions, future revenue growth and future diluted earnings per share. These statements include the words “expect,” “believe,” “should,” and variations of such words, which are intended to identify such forward-looking statements. These statements are based on numerous assumptions and are subject to uncertainties and risks. Actual results could differ materially. Factors that might cause Global’s results to differ materially include risks relating to changes in the overall economy; rising interest rates; Global’s debt and debt service obligations; the challenge of integrating acquired businesses; the need for funding acquisitions; Global’s ability to close acquisitions in a timely and cost-effective manner; the need for skilled employees; rapid technological change in Global’s industry; dependence on suppliers; and high levels of competition. Most of these risks are discussed in more detail under the caption “Risk Factors” in Global’s annual report on Form 10-K for the year ended March 31, 2006.