
CGI ANNOUNCES THE RATABASE PRODUCT ROADMAP
Las Vegas, Nevada, May 22, 2006 -CGI Group Inc. (CGI), today announced its long term Ratabase product roadmap
strategy. The roadmap strategy will provide functional enhancements and create
service oriented architecture for ongoing product evolution.
“Having
open and flexible software provides an interoperable solution that can be
leveraged across various business functions of the organization, “said
Nithyanandam Mathiyazhagan, Director of the CGI Product Development Center.
"Our long term product roadmap is being extremely well received by our
more than 100 clients around the world," said David Squibb, Director of Business
Development, CGI. "Rating is core to our clients’ business and we are committed
to Ratabase and making it more strategic for our clients. Our roadmap represents
an investment of several million dollars by CGI in order for us to maintain our
market leadership position and deliver improved functionality and performance
for our clients," Squibb added.
The roadmap was announced after CGI
successfully released Version 4.00 of the Ratabase Product in March 2006.
Ratabase Next Generation incorporates an enhanced development environment and
also introduces improvements to the multi-platform production Ratabase
Calculator (rating engine). The product release has major security enhancements
and production utilities to gather data for actuarial analysis. With the latest
release of the Product Builder, Ratabase provides a robust secured environment
for the insurance professional to manage rating products, and introduce new
products to the market even quicker than before. Current users are very excited
about the new release and believe the benefits will be recognized immediately
both in areas of development and maintenance.
This feature rich release
was based upon the collaborative efforts of many of industry analysts and our
100+ Ratabase clients feedback gathered through our interactive client forums
and user groups. CGI prides itself on being in touch with its clients’ business
and technical needs. This attention to client needs is how we keep such high
satisfaction levels.
About Ratabase
CGI’s Ratabase® is a
comprehensive set of tools that empower your business professionals to build,
design, and publish insurance products in the fastest possible time and manner.
Since business users maintain the business logic, the dependency on IT resources
is minimized thus increasing the speed with which organizations can respond to
market needs. Because it is not line of business specific, Ratabase® is
successfully implemented by many insurance organizations to create different and
unique product plans. It can be deployed on a variety of platforms, facilitating
integration into systems with broad processing requirements and distributed
architectures, while ensuring consistent results across platforms. The Ratabase®
Tool Suite gives you the flexibility to interface the business rules to any
external system via XML or a standard API.
About CGI
Founded
in 1976, CGI Group Inc. (“CGI”) is the eighth largest independent information
technology and business process services firms in the world. CGI and its
affiliated companies employ approximately 25,000 professionals. CGI provides
end-to-end IT and business process services to clients worldwide from offices in
Canada, the United States of America (“US”), Europe, Asia Pacific as well as
from centers of excellence in Canada, the US, Europe and India. CGI's annualized
revenue run rate is currently $3.5 billion (US$3.0 billion) and at March 31,
2006, CGI's order backlog was $13.7 billion (US$11.7 billion). CGI's shares are
listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the
S&P/TSX Composite Index as well as the S&P/TSX Capped Information
Technology and MidCap Indices.
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Contacts:
Kirsten
Paragona
Director, Corporate
Communications
Kirsten.paragona@cgi.com
978-569-6111
David
Squibb
Director, Business Development
David.squibb@cgi.com 978-946-3343
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