THE CO-OPERATORS GENERAL INSURANCE COMPANY AND CGI SIGN NEW CDN$100 MILLION IT SUPPORT CONTRACT
The Co-operators General Insurance Company and CGI today announced that they have renewed an IT services contract initially signed in 1997. As part of the new 5-year, renewable agreement, The Co-operators General Insurance Company has committed to acquiring IT services from CGI with a total value of at least CDN$100 million. CGI also becomes a preferred IT services supplier for its client, The Co-operators General Insurance Company, which ranks as Canada's third largest property & casualty insurance company.
As part of the original agreement signed in 1997, The Co-operators General Insurance Company had committed to acquiring services totaling $100 million over five years. With its IT investments totaling $70 million after three years, and given the expected growth in IT projects to support its strategic business objectives, the client has elected to expand its contract with CGI for the next five years.
Based on this agreement, CGI will provide all support services for the data centre and the wide area network that connect the client's more than 500 offices throughout Canada. It will also help in the development of a virtual private network (VPN). A staff of CGI specialists will continue to support the full operation of mainframe systems, manage and support the IP-based network as well as supply 24-hour help desk services to end users. CGI will also develop systems allowing the client to distribute new software packages throughout its operations.
"We are very pleased about our continued relationship with CGI as we require a strong partner to work with us in providing customized services. From the beginning, CGI was flexible and gave us a strong quality commitment and that was what we were looking for," said Kevin Hutchinson, Vice-President, Information Services, The Co-operators General Insurance Company.
François Chassé, CGI's Executive Vice-President and General Manager, Ontario, Atlantic and Western Canada, added: "We are pleased to support our client's implementation of strategic applications such as knowledge management and collaborative platforms, which will play a critical role in assisting The Co-operators to further enhance their industry leadership. In recent years, we have developed a deep and broad understanding of their business needs and together, we will move forward in the delivery of these mission-critical applications."
About The Co-operators General Insurance
The Co-operators is Canada's largest privately owned multi-line insurance company with over 700 service outlets across the country. The Co-operators group of companies insure over 2,000,000 Canadians and has assets of more than CDN$4.5 billion.
CGI is the largest Canadian information technology consulting firm and the fifth largest independent IT consulting firm in North America, based on its revenue run rate of CDN$1.6 billion. CGI's order backlog totals CDN$7.2 billion and the Company has proposals worth CDN$4 billion currently being reviewed by potential clients. CGI has 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 23 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site:www.cgi.ca
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