CGI Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
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PARIS, France, June 1, 2016 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) announced the signing of a new five-year contract with La Banque Postale, with an option to renew for another three years, to assist the bank with its digital transformation initiatives and the R&D activities of its Information Systems division to accelerate the bank's business development.
A La Banque Postale partner for the past 12 years and a key player in helping to shape the digital future of France, CGI has provided IT consulting services to La Banque Postale since the bank's founding.
CGI was selected by La Banque Postale based upon its strong reputation for operational excellence and will support the IT modernization of the bank's business applications, including upgrading, maintenance, and project, technical and operations support.
La Banque Postale will benefit from the guidance and expertise of CGI consultants in the following areas:
-- Bulking up and industrializing service center operations for increased
profitability and greater flexibility
-- Optimizing bank project management costs
-- Assisting with information system modernization
-- Simplifying and standardizing IT processes and streamlining its
installed base of applications
"This new contract with CGI is proof of the trust between the two partners. We've worked together for 12 years now, and CGI's teams know how to organize and assist us to ensure that our major transformation projects are successful by helping us achieve greater flexibility for financing some of our key investments," explained Patrick Renouvin, Manager, Information Systems, at La Banque Postale and Réseau La Poste, and a member of the executive committees of both La Banque Postale and Réseau La Poste.
"We are pleased to build upon our strong partnership to assist La Banque Postale with its digital transformation and with the initiatives that will accelerate its future development. Under the contract, CGI will continue to provide operational expertise to the bank by relying on the CGI MAP (Modernization Application Products) solution, a technical and operational mapping tool that performs real-time impact analysis to bolster IT modernization projects," said Gilles Le Franc, Senior Vice-President, France West, CGI.
About La Banque Postale
La Banque Postale, a subsidiary of Le Groupe La Poste, is present in the retail banking, insurance and asset management markets. As a civic-minded bank, it supports its customers by offering a sustainable banking relationship with an extensive range of reasonably priced and accessible products and services. As a local bank providing a public service, La Banque Postale meets the needs of everyone: private individuals, businesses, professionals and the local public sector. It strives to serve its customers through the network of post offices, online and over the telephone as part of a fully multi-channel relationship.
La Banque Postale is:
-- 5.745 billion euros of NBI
-- 10.8 million active clients
-- 408,000 Businesses, Professionals, Local Authorities and Associations as
customers
-- 8 million bankcards
-- 17,000 outlets
Figures at the end of 2015
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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 Canadian securities laws. These statements and this information represent CGI's 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 but 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 IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A") and in other public disclosure documents filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), 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.
