CGI Group Inc. (CGI) and Millbrook Incorporated of Bethlehem, PA (Millbrook) announced the signing of a strategic partnership agreement under which CGI will integrate Millbrook's information management solutions suite with CGI's INSideOUT Software, Personal and Commercial Assigned Risk Processing Services, and Massachusetts Insurance Processing Services, to expand value to their customers. This information management component will be available for both CGI's suite of outsourced applications and its licensed software applications. CGI will integrate Millbrook's data reporting and mining component to strengthen their software solution set, which is already one of the most comprehensive and integrated solutions in the industry. By incorporating this data-warehousing component into CGI's solution set, their customers benefit from utilizing the power of information to improve their business performance and enhance profitability.
"Millbrook is very pleased to be entering this strategic relationship with CGI," said Jack Plunkett, President of Millbrook. "We are thrilled to align our solutions with an organization that genuinely understands and believes in the power of deploying strategic analytical and reporting tools. We believe that this alliance will create a significant amount of enhanced value and business solutions to CGI's customer base and to the insurance industry."
"Our partnership with Millbrook is a perfect fit for both companies," said Gordon Gaar, Vice President Insurance Business Solutions of CGI. "This partnership brings together two highly customer-focused companies with complementary solutions and services. By integrating this powerful data warehousing capability with CGI's technology, CGI continues to demonstrate its commitment to expanding value for its customer base. This solution gives our customers the ability to easily access and strategically deploy accurate and timely business information that will in turn increase profitability."
Founded in 1976, CGI is the fifth largest independent information technology services firm in North America, based on its headcount. CGI and its affiliated companies employ 20,000 professionals. CGI's annualized revenue run-rate is $2.1 billion and at September 30, 2003, CGI's order backlog was $ 9.1 billion. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, United States and Europe. CGI's shares are listed on the TSX (GIB.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.