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CGI reports multi-million, multi-year contract extensions

26 January 2004  |  556 views  |  0

CGI Group Inc. (CGI) (TSX: GIB.A; NYSE:GIB;), a leading provider of information technology (IT) and business process services, today announced the signing of a number of key multi-year contracts valued at a total of CDN$39.4 million.

Major Canadian financial institutions and wealth management companies have chosen to continue their partnership with CGI for its banking and investment solutions namely StarBase, Prime Suite and StarQuote Pro. These solutions will be used by CGI's clients Canada-wide, supporting their institutional and investor services for their wealth management businesses.

Michael Roach, president and chief operating officer of CGI added: "We are very proud to have such strategic clients rely on our banking and investment solutions to fuel their teams with data and intelligence that is in turn used, on a day-to-day basis, to help them make important investment decisions. Increasingly, the financial services sector is seeking solid IT partners to help them grow their business through the use of technology."

Supplying over 15,000 desktops with over 50 million market news items and quotes per day, CGI is one of Canada's largest news & information disseminators to the retail and institutional financial services industry providing solutions to 70% of the IDA (Investment Dealers Association) member firms. CGI's technology also manages over 9 million fund accounts conducting 50 million transactions annually.

StarBase, offered on an Application Service Provider (ASP) basis, provides a complete solution of investment funds record keeping, customer support and business recovery services within in a single, cost-effective business solution.

Prime Suite is a comprehensive set of enterprise software modules designed to cost-effectively manage all order management aspects of a broker/dealer's investment fund business.

StarQuote Pro is a customizable interface that provides real-time quotes, dynamic market books, news, trend alerts and a powerful analytical charting application all integrated on one screen.

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