National Bank of Canada extends CGI payroll services deal through to 2016

Source: CGI Group

CGI Group Inc. (TSX: GIB.A; NYSE: GIB) announced today the extension of its commercial agreement with National Bank of Canada to provide payroll services to National Bank's corporate clients until 2016.

As part of the original agreement, signed in 2004 for a period of ten years, the National Bank markets CGI's payroll services to its clients throughout Canada while CGI is responsible for the integration and support of these services.

Through the extension of this agreement, CGI will continue to provide the National Bank and its clients with the best of technology, services and solutions. One of these solutions is Nethris(TM), the first integrated Internet suite offering payroll, HR, time and attendance and self-service capabilities in the Canadian market for small and medium size businesses.

"The National Bank and CGI have formed a long-term partnership," said Michael E. Roach, President and Chief Executive Officer of CGI. "We believe that our payroll solutions provide great advantages for partners like the National Bank, and our solution will continue to contribute positively to National Bank's client retention and cross-selling opportunities."

Through its strategic partnerships, CGI is the third largest payroll and human resources management specialist in Canada, and the fifth largest in North America. CGI's end-to-end payroll, time and attendance management, recruitment and HR management services and solutions are designed to support clients in becoming more efficient, improving their existing processes and enhancing the quality of their internal services.

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