Manulife Financial and CGI renew IT managed services agreement
July 29 2010 - 8:30AM
PR Newswire (Canada)
HALIFAX, July 29 /CNW/ -- Stock Market Symbols GIB.A (TSX) GIB
(NYSE) www.cgi.com/newsroom HALIFAX, July 29 /CNW Telbec/ -
Manulife Financial (TSX, NYSE and PSE: MFC; SEHK: 945) and CGI
Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), announced today that CGI
will continue to provide IT services to Manulife into 2013 under a
multi-million dollar contract renewal. As part of CGI's commitment
to the Atlantic region, CGI will continue to deliver IT services to
Manulife through its global delivery center in Halifax, Nova
Scotia. "Our needs have evolved and CGI has the flexibility and
industry insight to work with us," said Wayne Martin, Senior Vice
President & Chief Information Officer of Manulife's Canadian
Division. We've been working together since 2004, and we're
confident that CGI will continue to provide us with the reliable
and agile IT services we need to deliver on our client
commitments." Under the contract renewal, CGI will continue to
leverage its Halifax delivery center to provide systems
development, maintenance and integration services to Manulife
Financial. "This contract renewal with Manulife Financial speaks to
the importance CGI places on developing long-term client
relationships," said Doug McCuaig, President, Canada, CGI.
"Manulife is a formidable global player, and we're thrilled to
continue to leverage our global delivery capabilities and offer
competitively priced IT services to Manulife through our home-shore
center of excellence." Since the initial agreement with Manulife in
2004, CGI's Atlantic Canadian operations have grown to over 700
members, and serves many companies from Canada and around the
world. Quality processes have always been at the forefront of CGI's
operations and the Halifax center was appraised according to the
Capability Maturity Model (CMM) and is ISO 9001 quality certified.
The Capability Maturity Model describes the principles and
practices underlying software process maturity. It covers practices
for planning, engineering, and managing software development and
maintenance. In 1994, CGI became the first information technology
company in North America to become ISO 9001 certified for its
project management framework. About Manulife Financial Manulife
Financial is a leading Canadian-based financial services group
operating in 22 countries and territories worldwide. For more than
120 years, clients have looked to Manulife for strong, reliable,
trustworthy and forward-thinking solutions for their most
significant financial decisions. Our international network of
employees, agents and distribution partners offers financial
protection and wealth management products and services to millions
of clients. We provide asset management services to institutional
customers worldwide as well as reinsurance solutions, specializing
in life and property and casualty retrocession. Funds under
management by Manulife Financial and its subsidiaries were Cdn$446
billion (US$440 billion) as at March 31, 2010. The Company operates
as Manulife Financial in Canada and Asia and primarily as John
Hancock in the United States. Manulife Financial Corporation trades
as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK.
Manulife Financial can be found on the Internet at
www.manulife.com. 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 of June 30, 2010, CGI's order backlog was $11.4 billion.
CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are
included in both, the Dow Jones Sustainability World Index and the
FTSE4Good Index. 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
Canadian securities laws. 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
but 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
press release, 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 differ
significantly from our current expectations in the Risks and
Uncertainties section. Lorne Gorber, Vice-President, Global
Communications and Investor Relations, 514 841-3355,
lorne.gorber@cgi.com; Carolyn Rouse, Director, Media Relations, 416
304-7323, carolyn.rouse@cgi.com
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