TORONTO, Feb. 7 /CNW Telbec/ - Aviva Canada, a leading property and
casualty insurance group, has extended its current information technology
contract with CGI Group Inc. (CGI) (NYSE: GIB, TSX: GIB.SV.A.) The contract is
valued at CDN$19 million and has been extended until the year 2011.
As part of this contract, CGI will continue to provide data center
services, applications maintenance and support services for Aviva Canada's
insurance policy system - RTM 2000. The contract also includes additional
support for the recently installed Ratabase solution. Aviva Canada will
process in excess of CDN$700 million in insurance premiums per year through
Ratabase, CGI's rate and rules management tool suite, is the industry's
leading insurance rating solution, being used in more than 100 carriers
worldwide since 1983. Ratabase provides a comprehensive, cost-effective
solution that allows insurance experts within a carrier to rapidly develop and
deploy insurance products in any application on any platform. Aviva Canada has
successfully deployed Ratabase in support of both personal and commercial
lines of insurance.
"Our relationship with CGI has spanned over 15 years and has been based
on achieving real business results. We look forward to continued partnership
and equipping our professionals with effective tools that help them become
more efficient like the recently installed Ratabase solution," said Javier De
la Cuba, executive vice-president with Aviva Canada.
Michael Roach, CGI's president and COO said, "We are pleased to continue
our strong relationship with Aviva. Broadening our existing relationship with
our clients of long standing is key to helping them win and grow through
intelligent uses of technology."
About Aviva Canada
Aviva Canada Inc. is one of the leading property and casualty insurance
groups in Canada, with annual written premiums of almost $3.0 billion.
As a wholly-owned subsidiary of UK-based Aviva plc (the world's seventh
largest insurance group), we offer policyholders and our broker partners the
power of one brand, with the diversity of many companies, products and
In Canada, Aviva provides personal (home and auto) and commercial
insurance. We are also a leading provider of specialty commercial products and
construction surety bonding.
The combined strengths of our member companies stand together to form a
foundation and heritage of financial strength and stability. It's a mix
Canadians have come to trust.
Founded in 1976, CGI is among the largest independent information
technology and business process services firms in North America. CGI and its
affiliated companies employ approximately 25,000 professionals. CGI provides
end-to-end IT and business process services to clients worldwide from offices
in Canada, the United States, Europe, Asia Pacific as well as from centers of
excellence in Canada, the US, Europe and India. CGI's annualized revenue run-rate is currently CDN$3.8 billion (US$3.1 billion) and at September 30, 2004,
CGI's order backlog was CDN$13.0 billion (US$10.8 billion). CGI's shares are
listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the
S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology
and MidCap Indices. Website: www.cgi.com .
All statements in this press release that do not directly and exclusively
relate to historical facts constitute "forward-looking statements" within
the meaning of that term in Section 27A of the United States Securities
Act of 1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended. 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 authorities, as well as
assumptions regarding the foregoing. The words "believe", "estimate",
"expect", "intend", "anticipate", "foresee", "plan", and similar
expressions and variations thereof, identify certain of such forward-
looking statements, which speak only as of the date on which they are
made. In particular, statements relating to future revenue from
outsourcing contracts are forward-looking statements. CGI disclaims any
intention or obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Readers are cautioned not to place undue reliance on these
/For further information: CGI: Investor relations, Jane Watson,
vice-president, investor relations, (416) 945-3616; Ronald White, director,
investor relations, (514) 841-3230; Media relations: Eileen Murphy, director,
media relations, (514) 841-3430;
Archived images on this organization are available through CNW E-Pix at
http://www.newswire.ca. Images are free to members of The Canadian Press./
CO: CGI GROUP INC.
IN: MLM CPR
-0- Feb/07/2005 14:31 GMT
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