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TORONTO, April 8 /PRNewswire-FirstCall/ - CGI Group Inc.
(TSX: GIB.A; NYSE: GIB), a leading provider of information
technology and business process services announced today that
Portage La Prairie Mutual Insurance Company, a 100 percent
Canadian-owned mutual insurance company, has extended its contract
with CGI until 2014. This agreement will extend the existing
infrastructure services outsourcing agreement by five years.
"CGI and Portage Mutual have worked together for close to two
decades, with CGI providing a flexible relationship to meet our
evolving needs" said Randy Clark,
President, Portage Mutual. "As a result of this extension and our
ongoing relationship, CGI will provide the operational excellence
to support Portage Mutual's continued growth in providing
reasonably priced, flexible insurance products and by supporting
our brokers and customers with exemplary service".
"CGI is a long-term key business partner delivering our
enterprise technology initiatives. Their reliable systems let us
focus on expanding our products and services and building our
reputation as one of the most responsive property and casualty
insurers in Canada" said
John Mitchell, Vice President,
Portage Mutual. "CGI has proven to be an ideal fit, providing us
with a cost effective way of achieving our goals. Portage is well
positioned to profitably grow its business".
"CGI is committed to delivering high quality IT services to the
property and casualty insurance industry and we are delighted to
extend our services partnership with Portage" said Doug McCuaig, Senior Vice-President and General
Manager, Ontario, Atlantic &
Western Canada, CGI. "We are proud
that Portage continues to rely on CGI to provide core IT
solutions."
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process services
firms in the world. CGI and its affiliated companies employ
approximately 26,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices in
Canada, the United States, Europe and Asia
Pacific as well as from centers of excellence in
North America, Europe and India. As at December
31, 2009, CGI's order backlog was $11.4 billion. CGI shares are listed on the TSX
(GIB.A) and the NYSE (GIB) and are included in the S&P/TSX
Composite Index as well as the S&P/TSX Capped Information
Technology and MidCap Indices. Website: www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of that term in Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E
of the United States Securities Exchange Act of 1934, as amended,
and are "forward-looking information" within the meaning of
sections 138.3 and following of the Ontario Securities Act. These
statements and this information represent CGI's intentions, plans,
expectations and beliefs, and are subject to risks, uncertainties
and other factors, of which many are beyond the control of the
Company. These factors could cause actual results to differ
materially from such forward-looking statements or forward-looking
information. These factors include and are not restricted to the
timing and size of new contracts, acquisitions and other corporate
developments; the ability to attract and retain qualified members;
market competition in the rapidly-evolving IT industry; general
economic and business conditions, foreign exchange and other risks
identified in the MD&A, in CGI's Annual Report on Form 40-F
filed with the U.S. Securities and Exchange Commission (filed on
EDGAR at www.sec.gov), the Company's Annual Information Form filed
with the Canadian securities authorities (filed on SEDAR at
www.sedar.com), as well as assumptions regarding the foregoing. The
words "believe," "estimate," "expect," "intend," "anticipate,"
"foresee," "plan," and similar expressions and variations thereof,
identify certain of such forward-looking statements or
forward-looking information, which speak only as of the date on
which they are made. In particular, statements relating to future
performance are forward-looking statements and forward-looking
information. CGI disclaims any intention or obligation to publicly
update or revise any forward-looking statements or forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable law. Readers are
cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information. You will find
more information about the risks that could cause our actual
results to significantly differ from our current expectations in
the Risks and Uncertainties section.
SOURCE CGI GROUP INC.