CGI (TSX: GIB.A) (NYSE: GIB) announced today that it has renewed and extended contracts for banking services solutions worth more than $33 million with Canadian credit unions in the first half of its fiscal year 2014. CGI has longstanding relationships with credit unions throughout Canada from coast to coast.
"In our review of banking system options available in the market, our clear choice was CGI,” added Dave Cronquist, vice-president, systems and strategy, Interior Savings Credit Union. “CGI’s RFS™ banking solution, backed by the expertise of its banking professionals, enables us to streamline our operations, increase our efficiency and improve our member service.”
"We are pleased to enter into an early contract renewal and extension with CGI for our managed banking services,” said Allison Kasper, executive vice-president, operations and business development for Copperfin Credit Union, and chair of the Credit Union Services Association (CUSA) board. “CGI is a trusted partner, and we rely on its experience and expertise to help strengthen and grow our businesses.”
“Supporting our client’s business plans and their members well into the future is always a priority for us at CGI. We look forward to continue doing so through our banking services and integrated solutions,” said Paul Mackley, vice-president, Services to Credit Unions, CGI. "We value our relationship with these clients and we are pleased to further extend our long-term partnerships."
CGI’s Services to Credit Unions is a partner to more than 100 credit unions, banks and trusts and it also supports approximately 3 million end customers. CGI's core banking offering, RFS™, delivers multi-channel, integrated functionality to streamline and automate clients' end-to-end banking processes.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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 and quarterly Management’s Discussion and Analysis (“MD&A”), in CGI’s Annual Report, 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 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.
For more information:
Investors
Lorne Gorber
Senior Vice-President, Global Communications and Investor Relations
lorne.gorber@cgi.com
+1 514-841-3355
Media
Sébastien Barangé
Director, Communications
sebastien.barange@cgi.com
514-841-3354
