Exhibit 99.1

FOR IMMEDIATE RELEASE	SYMBOL: GISX
Wednesday, May 10, 2006	TRADED: Nasdaq

GLOBAL IMAGING RESULTS SET RECORDS FOR FISCAL YEAR AND FOURTH QUARTER

Revenues Top $1 Billion, up 11 Percent from 2005 Fiscal Year;

Fourth Quarter Internal Revenue Growth at Six Percent; 31^st Consecutive Quarter of Internal Growth

TAMPA, Fla., May 10–Global Imaging Systems, Inc. (Nasdaq: GISX) today announced record results for the fiscal year and fourth quarter ended March 31, 2006. Highlights of the year:

• Revenues, operating income, net income and earnings per share set new record highs.

• Revenues increased 11.2 percent, totaling $1.031 billion.

• Combined internal revenue growth exceeded five percent for the year while automated office equipment, primarily copiers, which accounts for almost 80 percent of the company’s business, topped six percent.

• Operating income grew 8.2 percent to $114.1 million.

• Net income increased 8.7 percent to $61.9 million.

• Diluted earnings per share were $2.45, an increase of 8.4 percent.

• Earnings before interest, taxes, depreciation and amortization, loss on early extinguishment of debt and the impact of the acceleration of unvested stock options (adjusted EBITDA) increased 8.6 percent to $132.8 million.

• Funded six acquisitions with cash flow from operations, representing $28 million in acquired annualized revenue and bringing total annualized acquired revenue to $229 million for the three-year period ended March 31, 2006.

• Debt to total capitalization was reduced to 37.3 percent.

Highlights of the fourth fiscal quarter ended March 31, 2006:

• Revenues, operating income, net income and earnings per share set new fourth-quarter records.

• Revenues increased 8.6 percent to $268.6 million.

• Automated office equipment, primarily copiers, continued to post solid internal revenue growth of more than seven percent, marking six consecutive quarters of five percent or more internal growth.

• Combined internal revenue growth for the fourth quarter was six percent.

• Operating income grew 9.8 percent to $29.3 million.

• Net income was up 9.2 percent to $15.9 million.

• Diluted earnings per share were $0.63, up 10.5 percent.

• As announced earlier, effective March 31, 2006, the company accelerated the vesting of unvested stock options previously awarded to employees and officers. As a result, the company recorded within fourth-quarter selling, general and administrative expenses additional compensation expense of approximately $0.5 million ($0.3 million after taxes).

• Excluding the impact of the one-time stock options acceleration:

• Operating income grew 11.6 percent to $29.8 million.

• Net income was up 11.3 percent to $16.2 million.

• Diluted earnings per share were $0.64, up 12.3 percent.

• Adjusted EBITDA increased 10.8 percent to $34.4 million.

MORE . . .

PAGE 2 / GLOBAL IMAGING RESULTS SET FISCAL-YEAR, FOURTH-QUARTER RECORDS

Tom Johnson, chairman and CEO of Global Imaging Systems, said, “We are very pleased that our employees finished off a record year with another quarter of record performance. This performance also reflects our unwavering focus on customer service, and we thank all our loyal customers for allowing us to share our passion for office productivity.”

He added, “This effort helped us overcome our typical fourth fiscal quarter increase in payroll taxes as we began a new calendar year. We are also encouraged that healthcare costs held level with the previous quarter and with the year-ago quarter. We believe the healthcare plan changes we implemented in January are proving effective.”

Michael Shea, president and COO of Global Imaging Systems, noted, “Fourth quarter revenues in the service side of our business continued on an upward trend, indicating further progress in growing our installed customer base. Our benchmarking model and sharing of best practices continue to be the keys to our own and our customers’ productivity improvements. These management tools help us sustain our discipline, focus and commitment to great customer service.”

Looking forward, Mr. Johnson said, “Our large middle-market opportunity continues to grow, and we have the talent, discipline and financial strength to continue to capture a growing share of the market. Also, our acquisition program’s external growth goal for fiscal year 2007 is to acquire $60 to $100 million in annualized revenue.”

For the fiscal 2007 first quarter, Mr. Johnson said, “Total revenue, including acquisitions to date but not potential additional acquisitions, should grow in the six to nine percent range. We expect our internal revenue growth to be in the range of four to six percent and diluted earnings per share to be in the range of 59 to 63 cents. This would compare with diluted EPS of 58 cents in the corresponding quarter last year. Also in the first quarter of fiscal 2007, we will implement the newly required accounting principles of FAS 123(R), ‘Share Based Payment.’ This is expected to negatively impact earnings per share by $0.01, which has been factored into our guidance for the quarter.”

The company’s fiscal year and fourth quarter conference call is scheduled for this morning, May 10, at 10:00 a.m. ET, and the company’s first quarter 2007 conference call is scheduled for August 1, 2006 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 www.gisx.com. The webcasts will also be archived and available on the company’s website.

About Global Imaging Systems

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.

MORE . . .

PAGE 3/ GLOBAL IMAGING RESULTS SET FISCAL-YEAR, FOURTH-QUARTER RECORDS

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 the one-time impact of accelerating previously unvested stock options. 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,” variations of such words, “we are optimistic” and similar expressions 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, 2005.

#####

FOR FURTHER INFO:	Tom Johnson, Chairman and CEO,
	Michael Shea, President and COO, or
	Ray Schilling, Executive Vice President and CFO
	Global Imaging Systems, Inc.
	813/960-5508
	-or-
	Investor Relations Consultants, Inc.
	727/781-5577
	E-mail: gisx@mindspring.com

MORE . . .

PAGE 4 / GLOBAL IMAGING RESULTS SET FISCAL-YEAR, FOURTH-QUARTER RECORDS

GLOBAL IMAGING SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(Amounts in thousands except per-share amounts)

	Three Months Ended March 31,				Fiscal Year Ended March 31,
	2006		2005		2006		2005
Revenues:
Equipment and supplies sales	$	200,506	$	186,014	$	768,331	$	694,745
Service and rentals		68,094		61,378		262,253		231,705
Total revenues		268,600		247,392		1,030,584		926,450
Costs and operating expenses:
Cost of equipment and supplies sales		124,423		116,374		486,073		441,591
Service and rental costs		36,073		33,443		137,407		120,789
Selling, general and administrative expenses		78,383		70,434		291,259		257,112
Intangible asset amortization		428		467		1,775		1,518
Total costs and operating expenses		239,307		220,718		916,514		821,010
Income from operations		29,293		26,674		114,070		105,440
Loss on early extinguishment of debt		—		—		—		1,655
Interest expense		3,583		3,273		13,985		11,896
Income before income taxes		25,710		23,401		100,085		91,889
Income taxes		9,821		8,848		38,185		34,918
Net income	$	15,889	$	14,553	$	61,900	$	56,971
Net income per common share:
Basic	$	0.69	$	0.62	$	2.68	$	2.48
Diluted(a)	$	0.63	$	0.57	$	2.45	$	2.26
Weighted average number of shares outstanding:
Basic		23,172		23,370		23,100		22,979
Diluted		26,084		26,358		25,993		25,997

(a) The calculation of diluted earnings per common share for the three months and fiscal years ended March 31, 2006 and 2005 assumes the conversion of convertible notes issued in May 2003 resulting in 2,407 additional shares for all periods presented. For purposes of diluted earnings per common share, net income for the three months ended March 31, 2006 and 2005 includes the addback of $442 and $445, respectively, representing interest and financing fee expense, net of taxes, associated with the convertible notes. For the years ended March 31, 2006 and 2005, net income includes the addback of $1,768 and $1,773, respectively.

Reconciliation of Net Income to EBITDA and Adjusted EBITDA:
Net income	$	15,889	$	14,553	$	61,900	$	56,971
Income taxes		9,821		8,848		38,185		34,918
Interest expense		3,583		3,273		13,985		11,896
Amortization		428		467		1,775		1,518
Depreciation		4,237		3,948		16,491		15,317
EBITDA		33,958		31,089		132,336		120,620
Loss on early extinguishment of debt		—		—		—		1,655
Acceleration of unvested stock options		488		—		488		—
Adjusted EBITDA	$	34,446	$	31,089	$	132,824	$	122,275

MORE…

PAGE 5 / GLOBAL IMAGING RESULTS SET FISCAL-YEAR, FOURTH-QUARTER RECORDS

GLOBAL IMAGING SYSTEMS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands)

	March 31, 2006		March 31, 2005
ASSETS
Current assets:
Cash and cash equivalents	$	51,610	$	25,365
Accounts receivable, net		131,497		115,905
Inventories, net		98,073		93,376
Other current assets		14,757		12,870
Total current assets		295,937		247,516
Rental equipment, net		15,687		16,475
Property and equipment, net		17,810		12,577
Goodwill and other assets		555,223		540,349
Total assets	$	884,657	$	816,917
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	102,500	$	99,002
Current maturities of long-term debt		2,133		2,235
Deferred revenue		27,159		27,217
Income taxes payable		7,711		3,707
Total current liabilities		139,503		132,161
Deferred income taxes		42,247		34,466
Long-term debt, less current maturities		260,713		262,847
Other long-term liabilities		976		—
Total liabilities		443,439		429,474
Total stockholders’ equity		441,218		387,443
Total liabilities and stockholders’ equity	$	884,657	$	816,917

MORE . . .

PAGE 6 / GLOBAL IMAGING RESULTS SET FISCAL-YEAR, FOURTH-QUARTER RECORDS

GLOBAL IMAGING SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In thousands)

	Fiscal Year Ended March 31,
	2006			2005
OPERATING ACTIVITIES:
Net income	$	61,900		$	56,971
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		16,491			15,317
Amortization		1,775			1,518
Amortization of financing fees		1,097			1,025
Tax benefit of stock option exercises and vested restricted stock		2,250			4,711
Loss on early extinguishment of debt		—			1,655
Deferred income tax expense		7,907			7,215
Unearned stock-based compensation expense		1,681			470
Stock option acceleration expense		488			—
Changes in operating assets and liabilities, net of amounts acquired in purchase business combinations:
Accounts receivable		(13,732	)		(15,832	)
Inventories		(3,153	)		(8,456	)
Prepaid expenses and other current assets		(82	)		(192	)
Other assets		755			(702	)
Accounts payable and accrued liabilities		981			11,118
Deferred revenue		(1,348	)		(3,389	)
Income taxes payable		4,004			(579	)
Other long-term liabilities		976			—
Net cash provided by operating activities		81,990			70,850
INVESTING ACTIVITIES:
Proceeds from related party notes receivable		—			400
Purchases of property, equipment and rental equipment, net of proceeds from disposals		(20,340	)		(16,013	)
Purchases of businesses, net of cash acquired		(19,219	)		(151,740	)
Net cash used in investing activities		(39,559	)		(167,353	)
FINANCING ACTIVITIES:
Proceeds from revolving line of credit		31,728			32,717
Payments on revolving line of credit		(31,728	)		(32,717	)
Payments on other long-term debt		(2,236	)		(1,963	)
Proceeds from issuance of long-term debt		—			70,000
Financing fees paid		(19	)		(1,897	)
Purchases of treasury stock		(20,000	)		—
Stock options exercised		6,069			8,462
Net cash (used in) provided by financing activities		(16,186	)		74,602
Net increase (decrease) in cash and cash equivalents		26,245			(21,901	)
Cash and cash equivalents, beginning of year		25,365			47,266
Cash and cash equivalents, end of year	$	51,610		$	25,365
Non-cash investing activities:
Stock issued for business purchases	$	920		$	31,409

Note: Certain prior year amounts have been reclassified to conform to the current year presentation.

#####