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www.cgi.com/newsroom
OTTAWA, Dec. 17, 2014 /PRNewswire/
- CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce that the
Canadian Payments Association (CPA), a client for 22 years, has
renewed its IT infrastructure services contract for five years,
with a two-year extension option. Under the new agreement, CGI will
continue to deliver comprehensive infrastructure services to CPA,
with a specific focus on providing robust infrastructure services
to support CPA's mission critical applications.
The CPA underpins the Canadian financial system and economy by
providing safe, efficient and effective clearing and settlement of
payments. For more than two decades, CGI has maintained and
evolved the CPA's IT infrastructure, which supports applications
that manage more than $170 billion a
day in payment transactions.
"The Canadian Payments Association is focused on modernizing
Canada's core payments
infrastructure to meet the needs of Financial Institutions and
other payment system users in a rapidly changing environment," said
CPA President and CEO Gerry Gaetz.
"Through CGI's disciplined approach to infrastructure management,
we benefit from high quality and flexible services which allows us
to focus on strategic payment initiatives knowing our day-to-day
operations continue to meet our standards of excellence."
"The payment services provided by CPA are critical to the
Canadian economy, enabling Canadians and their financial
institutions to conduct business in a seamless manner," noted
Michael Godin, senior vice president
of CGI's National Capital Region business unit in Canada. "We are proud of our long-term
relationship with the CPA and grateful for the opportunity to
continue to evolve its IT infrastructure and contribute to the
advancement of its mission and future vision."
About CPA
As the centre of excellence for payments in
Canada, the CPA operates core
national infrastructure essential to meeting the payment needs of
Canadians. It leads its member financial institutions, businesses,
government and the public in establishing the rules of Canada's payments highway. In 2013, CPA
systems cleared and settled $43.7
trillion worth of payments, an average of $170 billion each business day.In a global and
digital economy, the CPA provides a strong foundation to support
innovation and the evolving needs of all those who depend on
payments.
About CGI
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 annual revenue in excess of
C$10 billion and an order backlog
exceeding C$18 billion, CGI shares
are listed on the TSX (GIB.A) and the NYSE (GIB).
Website: www.cgi.com
SOURCE CGI Group Inc.