ROTTERDAM, THE NETHERLANDS--(Marketwired - Feb. 11, 2014) - CGI (GIB)(TSX:GIB.A) has been selected as a strategic partner by the largest Dutch pension provider, APG, for the delivery of various application services. The new contract has an initial term of three years and a minimum annual value of 10 million euros.
CGI will provide extensive IT experience in the areas of pensions and insurance to support the achievement of APG's business objectives. This strategic partnership follows a long and successful partnership between the two companies covering, for example, sourcing and IT modernization projects.
With assets of some 340 billion euros, APG manages more than 30 percent of all collective pensions in the Netherlands on behalf of principal pension funds, supporting more than 4.5 million people. CGI will support various transformation projects, with the ultimate aim of achieving efficiencies and other key business outcomes.
"Within this strategic partnership, we really want to be a true partner for APG, which in our opinion is the only way to deliver real value," notes Ron de Mos, CGI general Manager and senior vice-president in the Netherlands. "Moreover, financial services i one of our core sectors in which we have already made many innovations, and it will remain our focus in the coming years. This new contract is a result of our experience and successful collaboration with APG. I would like to thank APG for its trust in us and look forward to new successful projects."
CGI and APG jointly received a 2013 Computable Award for best ICT business project. The project involved the successful migration of a mission-critical APG mainframe system to an open Unix environment within a short timeframe-eight months-while enabling APG to continue to deliver excellent customer service. CGI performed the migration using a unique proprietary approach and tools that support the modernization of the mainframe environment without affecting the applications that run on them. The applications can be transitioned to a more modern platform without any disruption of the functions they perform.
Mark Boerekamp, chief operating officer of APG, adds: "CGI has extensive IT experience in the areas of pensions and insurance and has helped us in the IT field in recent years to achieve good results. They helped us successfully migrate our Gross Net Distribution System as an outsourced mainframe to a Unix environment within the organization. This work received a Computable Award. We look forward to continuing to build our long-standing relationship."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 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 a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).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 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"), in CGI's Annual Report, 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 the Company's 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.
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