$10 Million Interac Contract
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: CGI GROUP INC.
TSE;ME SYMBOL: GIB.A
JUNE 26, 1997
CGI Awarded $10 Million Interac Contract - CGI will
manage Interac Association's Central Network Management
Facility
TORONTO, ONTARIO--The CGI Group Inc. announced today that it has
been awarded a five year, $10 million contract for the management
of Interac Association's Central Network Management Facility
(CNMF). The CNMF system monitors the availability of Interac
members to process transactions and provides statistical
information. CGI will be responsible for the day-to-day operation
of CNMF's services.
"This is a highly significant and strategic contract considering
Interac Association's key role in the financial sector. The
experience of our financial systems division in the operation of
mission-critical systems coupled with an appreciation of the need
for exceedingly high standards of availability, reliability and
data integrity will allow Interac to continue delivering a
proactive, valuable service to the market," said Serge Godin,
Chairman and Chief Executive Officer of CGI.
Joanne De Laurentis, President of Interac Association stated, "We
chose CGI in great part because of their dedication to the
services they provide, as well as the high service and reliability
levels they offer clients."
Interac Association is a national organization, linking
enterprises that have networks that communicate with each other to
perform electronic financial transactions. There are two services: Shared Cash Dispensing and Interac Direct payment.
CGI is the largest Canadian-owned independent information
technology consulting firm with 2,700 specialists and annualized
revenue of $300 million. It provides end-to-end IT services and
business solutions to more than 1,800 clients throughout Canada
and elsewhere in the world. CGI is listed on the Toronto and
Montreal stock exchanges. Stock symbol : GIB.A. Website address :
cgi.ca.
Following the recent acquisition of CDSL Holdings and a series of
major systems integration and IT outsourcing contracts, the
company's order book is now valued over $1 billion.
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