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HALIFAX, Jan. 13 /CNW Telbec/ - CGI Group, Inc. (TSX: GIB.A; NYSE: GIB),
a leading provider of information technology and business process
services today announced that between its fourth quarter 2010 and its
first quarter 2011, it has renewed and extended contracts worth over
$25M with Canadian credit unions.
"CGI has been a trusted partner since 1998, and we are pleased to enter
into an early contract renewal and extension with CGI for our managed
banking services. We rely on CGI's experience and industry vision to
help strengthen and grow our businesses," said Janet Grantham, CEO,
Sydenham Community Credit Union and Chair of the Credit Unions Services
Association (CUSA) board representing 36 credit unions in Ontario.
With long standing relationships with credit unions in British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario and Atlantic Canada, CGI has
signed a total of 36 contract renewals for managed banking services,
the majority of which extend through to 2016.
"On behalf of the six Okanagan I.T. Alliance Credit Unions, representing
more than 130,000 members, we are pleased to have entered into a
banking system contract extension with CGI through to December 31,
2016," said Michael Wagner, CEO, Salmon Arm Savings and Credit Union.
"In our review of banking system options available in the market, our
clear choice was CGI."
"We are very pleased to further extend our long term relationship with
these organizations," said Paul Mackley, Vice-President, Services to
Credit Unions, CGI. "We look forward to supporting their business plans
and their members well into the future through our managed banking
services and integrated solutions."
CGI provides application management and managed services that power the
banking systems for more than 120 credit unions, schedule II banks and
trusts from British Columbia to Newfoundland and Labrador. CGI's core
banking offerings, RFS™ and HORIZON™, each with integrated CRM, loan
origination and delinquency management solutions, provide clients with
the required tools to compete effectively in today's financial services
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
31,000 professionals. CGI provides end-to-end IT and business process
services to clients worldwide from offices and centers of excellence in
Canada, the United States, Europe and Asia Pacific. As at September 30,
2010, CGI's revenue was C$3.7 billion and its order backlog was C$13.3
billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB)
and are included in both, the Dow Jones Sustainability Index and the
FTSE4Good Index. Website: www.cgi.com.
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 sections 138.3 and
following 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 on 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. 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, except as required by applicable law.
Readers are cautioned not to place undue reliance on these
forward-looking statements or on this forward-looking information.
SOURCE CGI GROUP INC.
For further information:
Director, Media Relations
Manager, Investor Relations