The Dominion of Canada General Insurance Company (The Dominion) and CGI Group Inc. (NYSE: GIB; TSE: GIB.A) (CGI) today announced the signing of a multi-million dollar, five-year information technology contract for the support and maintenance of The Dominion's commercial property lines applications Canada-wide. The Commercial Lines Applications support The Dominion in the administration of Commercial Property underwriting.
"Through our years of partnership, we have found CGI to be committed to the service needs of our organization and they continue to show leadership in the IT support required of The Dominion that allows us to focus on our core competencies," said Janet Babcock, vice-president and CIO of The Dominion.
Michael Roach president, Canada and Europe for CGI added: "I am very pleased that, through this contract, The Dominion has elected to build upon an already strong relationship with CGI. CGI will continue to provide robust technical and business leadership to help The Dominion meet its competitive challenges."
About The Dominion
Founded in 1887, The Dominion of Canada General Insurance Company is one of Canada's largest property and casualty insurance companies, committed to providing high quality home, automobile and business insurance products and services. The Dominion is one of Canada's oldest and most trusted insurers and distributes its products in partnership with independent insurance brokers.
About CGI
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of more than 13,000 professionals. CGI's annualized revenue run-rate totals US$1.3 billion (CDN$2.1 billion). CGI's order backlog currently totals US$5.75 billion (CDN$9.2 billion). CGI provides end-to-end IT services and business solutions to more than 3,000 clients in countries such as the United States, Canada, the United Kingdom and France from more than 60 offices. CGI's shares are listed on the NYSE (GIB) and the TSE (GIB.A). They are included in the TSE 100 Composite Index as well as the S&P/TSE Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.ca.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent CGI Group Inc.'s intentions, plans, expectations, and beliefs, and are subject to risks, uncertainties, and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities commissions, on the Registration Statement on Form F-4 filed with the SEC in connection with the acquisition of IMRglobal and with the Forms 10-K and 10-Q of IMRglobal filed with the SEC for the periods ended December 31, 2000 and March 31, 2001 respectively. All of the risk factors included in these filed documents are included here by reference. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
- 30 -
For more information:
Investor relations
Julie Creed
Vice-president, investor relations
(312) 201-8094, # 210
Ronald White
Director, investor relations
(514) 841-3230
Media relations
Eileen Murphy
Director, media relations
(514) 841-3430
