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TORONTO, Dec. 17 /PRNewswire/ - CGI Group Inc. (TSX: GIB.A; NYSE: GIB) today announced that it will continue providing managed services to Interac Association for 3 additional years. This will extend the decade long partnership until October 2013.
CGI will continue to be responsible for the technology management and operations of the Interac Inter-Member Network, a national payments network for the processing of Interac Debit and Interac Shared Cash transactions. CGI also provides, under a separate agreement, managed services in support of Interac e- TransferTM and Interac Online.
"With Interac branded services, you have instant access to your money virtually anywhere in Canada 24/7 at the Point-of-Sale, Online or using Automated Banking Machines," said Amanda Holden, Vice President, Operations, Security and Technology, Interac Association and Acxsys Corporation. "We chose to renew our technology management and operations agreement for Interac Debit and Interac Shared Cash network managed services based on CGI's demonstrated ability to provide high-quality and reliable services to the members of Interac Association".
Canadians count on the safety, security and reliability of the Interac network nearly 4 billion times per year and CGI is proud to be part of delivering this essential service across Canada," said Jamie Holland, Senior Vice-President, CGI.
CGI offers financial services organizations innovative solutions that use capabilities sourced beyond the four walls of a bank. We provide managed IT and business process services and industry-leading business applications that allow banks to focus on what's most important - their clients. Our array of end-to-end managed services solutions is proven to increase efficiencies, enhance service and help financial institutions exceed their performance and strategic goals.
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 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.
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 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.
®, TM: Interac and Interac e-Transfer are trade-marks of Interac Inc. Used under license.
SOURCE CGI GROUP INC.