iE Teams Up With CGI Group Inc., North America's 5th
Largest IT Services Provider, To Consolidate Its
E-Business Leadership
JUNE 5, 2000
WOBURN, MASSACHUSETTS--
US$1B CGI, with 10,000 employees world wide, helps iE extend its
renowned e-business solutions to financial services and insurance
companies
iE, the leading financial e-business specialist, have agreed to
pursue a strategic, non-exclusive, long-term relationship with
Montreal-based CGI Group Inc. to help iE in its aggressive program
to web-enable financial services and insurance companies in North
America. CGI, with 1999 revenues of US$1 billion, is the 5th
largest independent IT services company in North America. It
employs 10,000 employees located in 40 offices across North
America and Europe and has over 2,500 clients.
iE has a family of highly-proven, industry leading e-business
automation solution packages which include iE NetFinance, iE
Integrator and iE ScreenSurfer. iE NetFinance is a feature-rich,
e-business portal explicitly developed for the demanding needs of
banks and insurance companies with special emphasis on security,
audit trails and credit card services. iE Integrator is an
enterprise class Integration Server, while iE ScreenSurfer is the
most powerful and versatile host-to-HTML solution on the market.
With 26% of its revenue coming from the financial services sector
CGI has extensive experience and expertise in helping financial
services and insurance companies implement sophisticated
information technology systems. Working with iE and its e-business
product set, CGI will provide overall program management,
consulting and implementation services to help financial services
and insurance companies web-enable their existing IT systems.
CGI and iE have already teamed up to provide an insurance industry
client with a web-enabled front end allowing insurance brokers to
initiate new business transactions directly on the insurance
company's web site, resulting in real time processing for policies
and quotes.
"Working with CGI will be of great value to iE", said Roger
Willcocks, iE's Chief Executive. "As one of the largest systems
integration and outsourcing companies in North America, CGI makes
an ideal partner as we build up sales of our e-business
integration products. The combination of our technology products
and CGI's end-to-end offerings, its scale and experience, has the
potential to be a powerful force, especially in the insurance
industry. This is a very effective business model for iE."
"I am pleased that we are partnering with iE," said Jean Brassard,
President and Chief Operating Officer of CGI. "We have already
enjoyed joint success with our first client and I am certain that
our two companies can jointly assist banks and insurers with their
e-business requirements. iE's integration products will help us
extend value-added services to our clients."
About iE
iE, formerly Intelligent Environments, is a software company that
has been integrating back-office and legacy applications with new
front-office applications, including the web, since 1989.
Financial services companies use iE's integration software to
deploy business-critical customer applications via the Internet.
From locations in Woburn, MA, Deerfield, IL, and London, England,
the company distributes its products in 20 countries and has sold
over 10,000 licenses worldwide. Its major customers include Blue
Cross Blue Shield, Merrill Lynch, Aon Insurance Technologies,
Central Insurance, IVANS, HFC Bank, The Woolwich, and AXA. Founded
in 1985, iE is a public company, quoted on the London Stock
Exchange (AIM) as IEN. Visit the iE web site at ww.ie.com.
About CGI
CGI is the largest Canadian independent information
technology-consulting firm and the fifth largest in North America,
based on its revenue run rate of CDN$1.5 billion. Its order
backlog totals approximately CDN$7.2 billion. CGI has 10,000
employees located in 40 offices across North America and in Europe
and some 2,500 clients. CGI generates 26% of its revenues from the
financial services sector. CGI's shares are listed on the Toronto
Stock Exchange (GIB.A) and the New York Stock Exchange (GIB).
For more information, contact
/T/
iE
Jennifer Tryder
(781) 932-1700, by fax at (781) 932-7460,
jtryder@ie.com
ie.com.
CGI
Ronald White
Director, Investor and Media Relations
(514)841-3230
ronald.white@cgi.ca
cgi.ca
/T/
iE Integrator, iE NetFinance, and iE ScreenSurfer are trademarks
of iE. All other product names and trademarks are the property of
their respective holders.
All statements contained in this or any other press release of CGI
Group Inc., or in any document filed by the Company with the U.S.
Securities and Exchange Commission, or in any other written or
oral communication by or on behalf of the Company, that do not
directly and exclusively relate to historical facts, constitute
"forward looking statements" within the meaning of the U.S.
Private Securities Litigation Report Act of 1995. These statements
represent the Company's expectations and beliefs, and no assurance
can be given that the results described in such statements will be
achieved.
This press release may contain forward looking statements that
involve a number of risks and uncertainties, including statements
regarding the outlook for the company's business and results of
operations. There are a number of factors that could cause actual
results to differ materially from those indicated. Such factors
include, without limitation, the various factors set forth in the
Company's annual report or Form 40F filed with the SEC and its
Annual Information Form filed with Canadian securities
commissions, which important factors are included here by
reference. |
