CGI signs $119-million contract with Sun Life
Sun Life Financial Services of Canada SLC
Jan 4 2001 8:55:36
Mr. Luc Pinard reports
CGI Group (Europe) Limited, a subsidiary of CGI Group Inc., has signed an outsourcing contract in the United Kingdom worth more than $119-million with financial services company, Sun Life Financial.
Under the terms of the contract -- which is initially for a seven-year period -- CGI will run and support all the IT infrastructure including mainframe, mid-range, Unix and NT systems and around 2,000 desktops for Sun Life Financial's U.K. insurance operations. Additionally, CGI will take on responsibility for supporting voice and data telecommunications for the company's U.K. branch network of more than 50 offices. Also, 41 employees will be transferred from Sun Life Financial to CGI and will remain at their current location in the company's Basingstoke, England, head office where CGI has taken a commercial lease.
Commenting on the agreement, Peter Hanby, U.K. finance and services director, Sun Life Financial, says: "One of our key corporate objectives in the U.K. is to reduce administration costs by some 50 per cent and we believe that this contract will significantly contribute towards that target. We evaluated several outsourcing options with a number of major IT services companies within the U.K. and found that CGI more closely satisfied each of our evaluation criteria. These included cost reduction objectives, flexibility, risk management and cultural fit. In addition to increasing the cost-efficiency of our IT support functions, this outsourcing deal will broaden career development opportunities for our IT staff."
Luc Pinard, executive vice-president and general manager, international, at CGI, says: "This is an excellent win for CGI, providing a good infrastructure to support our fast growing IT services business across Europe. Combined with other recent global wins, our new partnership with Sun Life Financial will help CGI to realize its objective to provide its full end-to-end IT offering in Europe. This new contract also demonstrates our strong commitment to the financial services market and complements our solutions and service offerings that we bring to the insurance market in particular."
WARNING: The company relies upon litigation protection for "forward-looking" statements.
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