CGI selected by Public Employees Benefits Agency of the Government of Saskatchewan for investment management services
October 27 2010 - 8:30AM
PR Newswire (Canada)
REGINA, Oct. 27 /CNW/ -- Stock Market Symbols GIB.A (TSX) GIB
(NYSE) www.cgi.com/newsroom REGINA, Oct. 27 /CNW Telbec/ - CGI
Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of
information technology and business process services, has signed a
five-year contract with the Public Employees Benefits Agency
(PEBA) of the Government of Saskatchewan to provide an investment
management system. PEBA will be using CGI's proprietary MVest(TM
)solution to administer a $6 billion portfolio of pension and
benefits plans for more than 70,000 public sector employees. CGI's
MVest solution provides PEBA with end-to-end, fully integrated
portfolio management, accounting, and reporting functionality. It
is the leading portfolio management system in Canada, managing more
than $650 billion in assets, and is used by Canada's largest mutual
fund companies, as well as by top investment managers and wealth
management organizations. MVest combines both front and back
office functionality into a single application, reducing clients'
risks and costs in trying to manage data from multiple applications
and vendors. CGI hosts the solution via its secured,
state-of-the-art data centers and also provides 24/7 support.
"We sought an established IT services partner that can help us
improve our investment management capabilities and processes," said
Denise F. Kehler, Director of Investment Services, PEBA. "MVest
will process and track investment transactions within our
multi-plan environment, and also provide us with management
analysis and reporting tools, and access to market data. With CGI's
help, our objective is to streamline and optimize our portfolio
management processes to better control risks and increase
efficiencies." "We are proud to provide PEBA with our newly
upgraded MVest platform," said Terry Steeves, Vice-President,
Portfolio and Brokerage Solutions, CGI. "With over 20 years of
providing portfolio management software to the financial services
sector, I am confident that MVest will meet PEBA's business
requirements today and well into the future. Our strategy of
combining proven functionality with new technology has helped us
ensure that we will continue to be a leading provider of portfolio
management systems into the Canadian marketplace." About MVest(TM)
For 25 years, the financial industry has relied on CGI to meet
their portfolio management and accounting needs. That is why CGI's
MVest portfolio management solution is trusted by more than 40
leading financial institutions managing client portfolios in excess
of $650 billion. www.cgi.com/mvest 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 31,000 professionals. CGI
provides end-to-end IT and business process services to clients
worldwide from offices and centers of excellence in Canada, the
United States, Europe and Asia Pacific. CGI's order backlog is
approximately C$13.6 billion and its annualized revenue is
approximately C$4.5 billion. CGI shares are listed on the TSX
(GIB.A) and the NYSE (GIB) and are included in both, the Dow Jones
Sustainability 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. To view this news release in
HTML formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/October2010/27/c6199.html
pbInvestors/bbr/ Lorne Gorberbr/ Senior Vice-President, Global
Communications and Investor Relationsbr/ a
href="mailto:lorne.gorber@cgi.com"lorne.gorber@cgi.com/abr/ 514
841-3355br/ br/ bMedia/bbr/ Carolyn Rousebr/ Director Media
Relationsbr/ a
href="mailto:carolyn.rouse@cgi.com"carolyn.rouse@cgi.com/abr/ 416
304-7323/p
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