CGI Announces Over $25M in Contract Renewals with Credit Unions Across Canada
January 13 2011 - 8:30AM
PR Newswire (Canada)
HALIFAX, Jan. 13 /CNW/ -- Stock Market Symbols GIB.A (TSX) GIB
(NYSE) www.cgi.com/newsroom HALIFAX, Jan. 13 /CNW Telbec/ - CGI
Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of
information technology and business process services today
announced that between its fourth quarter 2010 and its first
quarter 2011, it has renewed and extended contracts worth
over $25M with Canadian credit unions. "CGI has been a trusted
partner since 1998, and we are pleased to enter into an early
contract renewal and extension with CGI for our managed banking
services. We rely on CGI's experience and industry vision to help
strengthen and grow our businesses," said Janet Grantham, CEO,
Sydenham Community Credit Union and Chair of the Credit Unions
Services Association (CUSA) board representing 36 credit unions in
Ontario. With long standing relationships with credit unions in
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and
Atlantic Canada, CGI has signed a total of 36 contract renewals for
managed banking services, the majority of which extend through to
2016. "On behalf of the six Okanagan I.T. Alliance Credit Unions,
representing more than 130,000 members, we are pleased to have
entered into a banking system contract extension with CGI through
to December 31, 2016," said Michael Wagner, CEO, Salmon Arm Savings
and Credit Union. "In our review of banking system options
available in the market, our clear choice was CGI." "We are
very pleased to further extend our long term relationship with
these organizations," said Paul Mackley, Vice-President, Services
to Credit Unions, CGI. "We look forward to supporting their
business plans and their members well into the future through our
managed banking services and integrated solutions." CGI provides
application management and managed services that power the banking
systems for more than 120 credit unions, schedule II banks and
trusts from British Columbia to Newfoundland and Labrador. CGI's
core banking offerings, RFS™ and HORIZON™, each with integrated
CRM, loan origination and delinquency management solutions, provide
clients with the required tools to compete effectively in today's
financial services market. 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.
As at September 30, 2010, CGI's revenue was C$3.7 billion and
its order backlog was C$13.3 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 sections 138.3
and following of the Ontario Securities Act, as amended. These
statements and this information represent CGI Group Inc.'s ("CGI")
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
information technology industry; general economic and business
conditions, foreign exchange and other risks identified in the
Management's Discussion and Analysis ("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), and in CGI's annual and
quarterly MD&A and 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. To view this news release in HTML
formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/January2011/13/c2199.html
pbMedia/bbr/ Carolyn Rousebr/ Director, Media Relationsbr/ a
href="mailto:carolyn.rouse@cgi.com"carolyn.rouse@cgi.com/abr/ 416
304-7323br/ br/ bInvestors/bbr/ Colin Brownbr/ Manager, Investor
Relationsbr/ a
href="mailto:colin.brown@cgi.com"colin.brown@cgi.com/abr/ 514
841-3634/p
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