CGI wins three-year contract to help CNAV upgrade its pension information system
PARIS, FRANCE -- (Marketwire) -- 03/04/13 -- The Caisse nationale
d'assurance vieillesse (CNAV) has selected CGI Group Inc.
(NYSE:GIB)(TSX:GIB.A), a leading provider of information technology
and business process services, to help upgrade its pension
information system. The contract, which is valued at an estimated 5
million euros in total, is for one year and can be renewed twice, for
a total of 36 months.
The upgrade aims to improve service to pensioners and enable the
system to rapidly adapt to regulatory changes.
The new system will increase the modularity of the core CNAV
information system (career management, pension calculation, pension
payments) in order to assure more efficient implementation of the
frequent regulatory changes to the pension plan, while continuing to
provide a well-structured service offer. The upgrade also includes a
new career management approach that integrates risk control tools.
The CNAV depends on a complex information system that is constantly
evolving. The system successfully adapted to the demographic wave of
baby-boomer retirements, which has seen the volume of pensioners
increase by almost 50% since 2003. Today it must help respond to new
challenges by facilitating the rapid application of regulatory
changes and the development of new services to pensioners.
To this end, in 2012 the CNAV issued a call for tenders to upgrade
its information system. Of the five components making up the
initiative, two have been awarded to CGI: development of the base
functionalities, including the overall management of the program, and
the technical service oriented architecture (SOA) functionalities.
About the CNAV
The main pension scheme in France, the Reseau de l'Assurance retraite
(pension insurance network), comprised of the Caisse nationale
d'assurance vieillesse (CNAV), pension and workplace health insurance
fund (Carsat), and general social security funds, manages the
pensions of 13.2 million retirees who are part of the public pension
plan (2012 figure). In addition to its national role, the CNAV
directly manages pensions for the Ile-de-France region.
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. With approximately 71,000 members located in offices and
global delivery centers in the Americas, Europe and Asia Pacific, CGI
offers a comprehensive portfolio of services including high-end
business and IT consulting, systems integration, application
development and maintenance, infrastructure management as well as a
wide range of proprietary solutions. Further to the recent
acquisition of Logica, CGI's annualized revenue is in excess of C$10
billion, with an estimated order backlog of approximately C$18.3
billion; its shares are listed on the TSX (GIB.A) and the NYSE (GIB)
and are included in the FTSE4Good Index. 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, and
are "forward-looking information" within the meaning of Canadian
securities laws. These statements and this information represent
CGI'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 or
forward-looking information. These factors include but are not
restricted to: the timing and size of new contracts; acquisitions and
other corporate developments; the ability to attract and retain
qualified members; market competition in the rapidly evolving IT
industry; general economic and business conditions; foreign exchange
and other risks identified in the press release, in CGI's annual and
quarterly Management's Discussion and Analysis ("MD&A"), in CGI's
Annual Report, in CGI's Annual Report on Form 40-F filed with the
U.S. Securities and Exchange Commission (filed on EDGAR at
www.sec.gov), and in the Company's Annual Information Form filed with
the Canadian securities authorities (filed on SEDAR at
www.sedar.com), 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 or
forward-looking information, which speak only as of the date on which
they are made. In particular, statements relating to future
performance are forward-looking statements and forward-looking
information. CGI disclaims any intention or obligation to publicly
update or revise any forward-looking statements or forward-looking
information, whether as a result of new information, future events or
otherwise, except as required by applicable law. Readers are
cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information.
CGI Group Inc.
Global Communications and Investor Relations
CGI Group Inc.
CGI Group Inc.
Media relations, France
+33 1 57 87 52 57
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