CGI ANNOUNCES THE RATABASE PRODUCT ROADMAP
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.
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.
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.