MONTREAL, Feb. 15 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec announced today that it has reached a milestone in the overhaul
of its information technology (IT) business model.
"The new model, which is aligned with our new business needs, will make
us more cost-effective," said Pierre Miron, Senior Vice-President,
Information Technology. "That's because it aims to streamline how the
group works and provide greater agility, efficiency and control over
its operations, while significantly reducing expenses."
In the process of rethinking policies and activities in 2009, the Caisse
initiated discussions on how the IT group operates — in light of the
institution's new strategic direction and changing environment. With
this exercise, the Caisse aimed to optimize the team's activities and
reduce its operating costs, while maintaining its client-oriented
The Caisse initially consolidated its IT expertise under the same
management. The group's governance was tightened to ensure better
alignment with the Caisse's needs and priorities. This represented the
first step toward a more efficient IT division. The group review
subsequently revealed a multitude of systems and the need for a
comprehensive view of infrastructure and application requirements. The
Caisse strives to optimally use tools from a continuous improvement
standpoint. The new IT business model will rely on the best
infrastructure and existing applications, ensuring greater synergy
The revamped IT business model will reduce the Caisse's overall IT
spending by 21%, which represents recurring annual savings of
approximately $20 million.
To help achieve its objectives, the Caisse recently renewed for seven
years its partnership agreement with CGI to outsource its IT services.
This agreement's mode of operation has been adjusted to meet the
Caisse's new business needs and will be based on both a shared-service
approach to infrastructure management and better application management
team integration. This will enable the Caisse to access CGI's vast pool
of expertise and make better use of its tools and processes, while
maintaining control and ownership of key elements.
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and
insurance plans. At December 31, 2009, it held $131.6 billion of net
assets. As one of the leading institutional fund managers in Canada,
the Caisse invests in the main financial markets as well as in private
equity and real estate. For more information: www.lacaisse.com.
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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