Seven Year Contract for Technology and Application Services Expands Acxsys-CGI Relationship
16 February 2007
Acxsys Corporation and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced a 7-year, $23.6 million, multi-level IT services and technology outsourcing contract. The services covered by the agreement include:
<<
- Application maintenance for the Interac(R) Email Money Transfer
service, the Interac Online service and associated software
applications
- Enhancement of Interac Email Money Transfer and Interac Online services
over time and,
- 24/7 infrastructure management to support these applications and
operations
>>
Acxsys offers the Interac Email Money Transfer and Interac Online services. The Interac Email Money Transfer service is a financial institution based, person-to-person funds transfer product that uses Email to notify consumers of the transaction while financial institutions transfer these funds using established, secure inter-financial institution settlement systems. Five of Canada's major financial institutions have adopted this service, making it the first of its kind in the world. Two more financial institutions will be joining the service in 2007. The Interac Online service enables consumers to make secure debit payments from their bank account when purchasing products and services from internet-based retailers - much like the point-of-sale transactions consumers make at traditional retailers.
This continues CGI's long association with the Interac brand. CGI has been providing 24/7 network management and managed support services to the Interac Association since 1993. Acxsys Corporation has been providing management services and facilities to the Interac Association since 1996.
"Acxsys Corporation has successfully developed and rolled out Interac Email Money Transfer and Interac Online. We're pleased to have CGI professionally manage systems operations and work with us to further advance these services" says Fred Harris, Senior Vice President, Strategy and Business Development, Acxsys. "CGI's advanced technology and application capabilities combined with their experience with our organization, ensures that we will receive the dedicated support that these services require to meet the needs of an increasingly demanding marketplace."
"Providing consistent and increased levels of customer satisfaction is a CGI hallmark and will ensure that we continue to achieve profitable growth," added Michael E. Roach, President and Chief Executive Officer of CGI. "We are pleased that Acxsys looks to us to deliver targeted services consistently, quickly, and at less risk as a result of our longstanding relationship and full service capability. We are excited to continue building on this relationship with them."
CGI is a major provider of IT and business process services to financial institutions around the world including all of the top Canadian banks, nine of the top ten U.S. banks and seven of the top twenty banks in the world. CGI banking-focused solutions include core banking, end-to-end wealth management, trade finance, business intelligence/data warehousing and customer relationship management. CGI solutions process one-third of all U.S. credit bureau requests and more than $130 billion are moved every day over the fund transfer systems that it supports. CGI provides retail banking, transaction processing and payroll services to more than 2,300 banking institutions worldwide.
About Acxsys
Founded in 1996, Acxsys Corporation comprises the following eight financial institutions as shareholders: BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank, TD Canada Trust, National Bank of Canada, Desjardins Group and Credit Union Central of Canada. The shareholders of Acxsys Corporation are the architects of the Interac network which is used for Point-of-Sale and Automated Banking Machine transactions across Canada and for a cross border debit service which allows Canadians to pay using their debit cards at more than 1 million retailers in the United States. Acxsys Corporation specializes in the development and operation of new payment service opportunities as well as management services in the field of electronic payments. Website: www.acxsys.ca
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 24,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's fiscal 2006 revenue was $3.5 billion (US$3.1 billion) and at September 30, 2006, CGI's order backlog was $12.7 billion (US$11.4 billion). CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
CGI 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 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 or 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. Except to the extent required by law, 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. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
%SEDAR: 00002790EF
For further information: CGI Investors: Lorne Gorber, Vice-President, Global Communications and Investor Relations, lorne.gorber@cgi.com, (514) 841-3355; Media: Yvonne Gibson, Director of Communications, Canada, yvonne.gibson@cgi.com, (905) 695-6421, (647) 220-1328; Philippe Beauregard, Director, Corporate Communications and Public Affairs, philippe.beauregard@cgi.com, (514) 841-3218; Acxsys Corporation - Interac Association: Tina Romano, Public Relations Manager, tromano@interac.org, (416) 869-5062
Source: newswire
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