ARBELLA INSURANCE GROUP SELECTS CGI FOR DOCUMENT MANAGEMENT SERVICES - FIVE-YEAR CONTRACT WORTH US$20 MILLION
Arbella Insurance Group (Arbella) and CGI Group, Inc. (NYSE: GIB; TSE: GIB.A) (CGI) today announced the signing of a five-year contract valued at US $20 million, whereby CGI will supply full Document Management Services to the New England P&C insurance carrier. In outsourcing document management services, Arbella will realize cost savings, improve client services, and gain access to enhanced technology.
CGI will serve Arbella from its USA state-of-the-art Document Management Services operation in Andover, Massachusetts. This facility produces over eight million documents per month for CGI's clients and their customers. Monthly, CGI will print for Arbella some 2 to 2.5 million images in addition to mailing approximately 400,000 to 500,000 policies and billing-related forms. CGI will implement a host of various software and hardware products to manage, simplify, and streamline Arbella's print and distribution workflow.
"Over the last few years of working with CGI, we have gained confidence in their ability to provide excellent service at a cost-effective price," said Will Shelton, president of Arbella Service Company and COO of the Arbella Group. "Technology is at the center of our future. Part of our formula for success is to partner with excellent service providers like CGI who can enhance our infrastructure and provide superior client service."
As part of CGI's Business Process Services offering, the company manages ten document service centers across North America, which combines to print over 1 billion images and distribute over 65 million documents annually. For more than 15 years, CGI has provided its clients in the financial, telecommunications, manufacturing, government, healthcare, and public utilities sectors with a variety of business document production, distribution, and on-line services.
Joseph Saliba, president of CGI's Business Process Services division added, "We are very pleased with our continued partnership with Arbella. Our recently upgraded Andover facility was built in response to client demand for more value-added document management services to enhance their creation, access, and distribution capabilities. CGI's experience in the insurance sector allows us to develop, maintain, and tailor-make our offering in creating solutions - such as the agent mail service - to meet our client's specific business needs."
About Arbella Insurance Group
Arbella was founded in 1988 as a Massachusetts-only auto and homeowners insurance company. During the past thirteen years, Arbella has grown into a group of companies committed to providing the highest quality insurance products and services for southern New England. Currently, Arbella is the largest writer of commercial auto insurance in Massachusetts, and the second largest writer of private passenger auto insurance. This year, total premiums for the Arbella Group will exceed $600 million dollars.
Founded in 1976, CGI is the fourth-largest independent information technology services firm in North America, based on its headcount of more than 13,000 professionals. CGI's annualized revenue run-rate totals US$1.3 billion (CDN$2.0 billion), with an order backlog currently totalling US$6 billion (CDN$9.3 billion). Occupying more than 60 offices in more than 20 countries, CGI provides end-to-end IT services and business solutions to more than 3,000 clients in the United States, Canada, the United Kingdom, France, India, Japan, and Australia. CGI's shares are listed on the NYSE (GIB) and the TSE (GIB.A). They are also included in the TSE 300 Composite Index as well as the S&P/TSE Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.ca.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent CGI Group, Inc.'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.
These factors include, and are not restricted to, the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; 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 Group Inc.'s Annual Report or Form 40-F filed with the SEC; the Company's Annual Information Form filed with the Canadian securities commissions; on the Registration Statement on Form F-4 filed with the SEC in connection with the acquisition of IMRglobal; and with the Forms 10-K and 10-Q of IMRglobal filed with the SEC for the periods ended December 31, 2000 and March 31, 2001 respectively. All of the risk factors included in these filed documents are included here by reference. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
For more information:
Vice-president, investor relations
(312) 201-8094, # 210
Director, investor relations
Director, media relations