Co-operators General, part of The Co-operators group of financial services companies, and CGI Group Inc. (TSX: GIB.A; NYSE: GIB) (CGI) today announced the signing of a five-year contract renewal valued at CDN$85 million.
CGI will continue to provide data center services which include help desk support, application hosting and software distribution services. CGI has served Co-operators General Insurance Company since 1997 and provides a multitude of services and solutions to several companies within The Co-operators group, including The Sovereign General, l'Union Canadienne, HB Group Insurance Management Ltd. and Co-operators Life Insurance Company.
"Maintaining a stable environment that capitalizes on the benefits that new technology offers is vital to advancing our strategy and to our long-term success. The renewal of this relationship represents a commitment by both organizations to work collaboratively in the spirit of partnership to achieve our mutual objectives," said Jay Woo, vice-president, information technology with Co-operators General.
Michael Roach, CGI's president and chief operating officer added: "Our long-term relationship with Co-operators General is a testament of our ability to be flexible to their evolving needs and to blend our deep knowledge of the financial services sector with tailor-made technology services and solutions. We are very proud of our ability to continually deliver on a variety of highly strategic projects for this group of companies."