CGI signs contract with Desjardins Group as part of the acquisition of State Farm Canadian operations
2014年5月5日 - 9:40PM
Marketwired
CGI signs contract with Desjardins Group as part of the acquisition
of State Farm Canadian operations
MONTREAL, QUEBEC--(Marketwired - May 5, 2014) - CGI
(TSX:GIB.A)(NYSE:GIB) announced the signing of a 21-month contract
with Desjardins Group (Desjardins). This contract is being awarded
as part of the acquisition project, announced last January,
involving the Canadian property and casualty and life insurance
operations of State Farm, the largest mutual property insurance
company in the United States.
To support Desjardins in the implementation of this large-scale
project, which is subject to regulatory approvals, CGI will carry
out work to adapt systems and convert data in areas related to
vehicle and home insurance. In addition, its experience in business
integration will be substantially put to use within the context of
this project.
"CGI is a long-standing partner of Desjardins Group and is an
organization in which we have full confidence," underlines Monique
Leroux, Chair of the Board, President and Chief Executive Officer,
Desjardins Group. "CGI knows our business, systems and technical
environment, as well as our processes and practices. We are relying
on its high delivery capacity to implement this project
successfully and seamlessly for State Farm agents, employees and
clients" adds Sylvie Paquette, President and Chief Operating
Officer of Desjardins General Insurance Group, the property and
casualty insurance subsidiary of Desjardins.
"CGI is proud to contribute to this strategic project, which
leverages our deep domain expertise and experience in business and
system integration", adds Claude Marcoux, CGI's Chief Operating
Officer in Canada. "Desjardins has entrusted us with a mandate to
support the successful transition of the two organizations' systems
and data. This new agreement with Desjardins demonstrates the
commitment of CGI to support its clients in solidifying their
strategic direction and achieving their business objectives."
CGI is a provider of consulting and IT services to 7 of the top
10 insurers in the world. CGI has also partnered with more than 160
property, casualty, life and group insurance companies, as well as
with other insurance organizations and brokers worldwide.
Acquisition of State Farm Canadian operations by Desjardins
Group
As a result of this transaction, which is expected to close in
January 2015, Desjardins will become the second largest property
and casualty insurance company in Canada, with its volume of annual
gross premiums underwritten increasing from approximately $2
billion to $3.9 billion. Upon completion of the transaction,
Desjardins will welcome State Farm's 1,800 Canadian employees into
its ranks, along with the Canadian network of more than 500 agents
serving over 1.2 million existing clients in Ontario, Alberta and
New Brunswick. Desjardins expects this transaction to give rise to
a significant number of new jobs in Canada over the next few
years.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent
company in the world providing services in information technologies
and business process management. With an international workforce
comprised of 68,000 professionals, CGI offers a full spectrum of
services, including strategic information systems and management
advising, systems integration, computer application development and
maintenance, and technological infrastructure management. It also
provides a broad range of exclusive solutions to thousands of
clients worldwide via its offices and global service centres in the
Americas, Europe and Asia-Pacific. CGI generates annual revenues of
more than $10 billion CAD, and its order book has an estimated
value in excess of $19 billion CAD. CGI shares are listed on the
Toronto (GIB.A) and New York (GIB) Stock Exchanges. Web Site:
www.cgi.com
www.cgi.com/en/media-room
InvestorsLorne GorberSenior Vice-President, Communicationsand
Investor Relationslorne.gorber@cgi.com514-841-3355MediaSebastien
BarangeDirector of
Communicationssebastien.barange@cgi.com514-841-3354
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