CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced the signing of a contract to implement CGI’s patented Strata® solution in order to modernise the billing and customer care environment of its long-standing partner, Telstra. The Strata decisioning capabilities will be integrated with a solution based on out-of-the-box Siebel CRM, Kenan Billing and Tribold Product Catalog capabilities.
As part of the initial deployment, CGI will replace Telstra’s existing decisioning application used for Credit Assessments and centralise it on the Strata platform for both Credit Assessments and Collections. Telstra will be using a broad range of Strata’s native capabilities in monthly processing of individual and business accounts. With Strata, organizations can make profitable and efficient decisions throughout the customer life cycle and improve performance in every area, including:
- Customer level risk assessment for new applications,
- Assignment of treatment decisions for delinquent accounts,
- Credit limit updates, and
- Treatment decisions for accounts over limit.
Strata will provide out-of-the-box assessment functionality for Telstra that can easily be configured without the need for customisation and the ability to incorporate existing processes into the Strata application.
“We’re delighted Strata will become a vital part of Telstra’s new credit infrastructure to help them transform their IT environment and capabilities,” said Jonathan Light, Vice-President, Managing Director, CGI in Australia. “We are proud to be considered a long-standing, trusted partner to Telstra.”
About Strata
CGI’s decision management solution, Strata® Enterprise, integrates and leverages information from every point on the customer value chain. With improved decision support and a unified customer view, organizations obtain better response and approval rates, higher utilization and wallet share, lower attrition rates, and increased cash collection.
Strata has been implemented at more than 50 organizations worldwide, including six of the top 10 U.S. banks, seven of the top 10 U.S. telecommunications carriers, and multiple state agencies. CGI has been granted eight U.S. patents for the decision management innovations built into Strata.
About CGI
Founded in 1976, CGI Group Inc. is one of the 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, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annualized revenue run rate stands at $3.6 billion (US$3.1 billion) and at December 31st, 2006, CGI's order backlog was $12.6 billion (US$10.9 billion). CGI 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. Website: www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are “forward-looking information” within the meaning of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.’s (“CGI”) 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 or forward-looking information.
These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; 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’s Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in CGI’s annual and quarterly MD&A and Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. Except to the extent required by law, CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
-30-
For more information:
Business Development
Michael Shepherd
Director, Consulting Services
michael.shepherd@cgi.com
(02) 9243 5877
Media Relations
Philippe Beauregard
Director
Corporate Communications and
Public Affairs
philippe.beauregard@cgi.com
(514) 841-3218
