CALGARY, Aug. 2 /CNW/ - Canadian Pacific (TSX/NYSE: CP) - Canadian
Pacific today announced agreements with IBM (NYSE: IBM) and Infosys
Technologies Ltd. (NASDAQ: INFY) to manage the railway's I.T. application
development and support.
The agreements represent a significant corporate outsourcing initiative
which will provide considerable capability and quality enhancement. The
multi-year agreements will focus on the application development associated
with management and maintenance of CP's operations.
"Through the 'Bestshoring' initiative, CP will realize greater yield on
our I.T. investment," said Kathryn McQuade, Executive VP and COO of CPR. "With
the global best practices utilized by these two firms, we expect premium
quality in the support of our current applications and in the development of
those aimed at leveraging CP's core competency: efficient railway operations."
These deals also represent a major shift in focus for CP's in house I.T.
group. Now that the day to day mechanics of supporting and developing
applications are outsourced, internal staff can utilize their understanding of
the railway to put greater focus on CP's ability to leverage technology to
meet the needs of today and tomorrow.
"In the past, our I.T. group was viewed as a service provider to the rest
of the business," noted McQuade. "Going forward, our I.T. group will be a
strategic partner within the business to help us get the most out of our
application environment and provide us with direction and insights for the
Canadian Pacific, through the ingenuity of its employees located across
Canada and in the United States, remains committed to being the safest, and
most fluid railway in North America. Our people are the key to delivering
innovative transportation solutions to our customers and to ensuring the safe
operation of our trains through the more than 900 communities where we
operate. Our combined ingenuity makes CP a better place to work, rail a better
way to ship, and North America a better place to live. Come and visit us at
www.cpr.ca to see how we can put our ingenuity to work for you. Canadian
Pacific is proud to be the official rail freight services provider for the
Vancouver 2010 Olympic and Paralympic Winter Games.
Editor's Note: IBM and Infosys and will issue press releases with details
of their agreements later today
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