Highway outsources
applications management to CGI
in a contract worth
more than £6 million
(CDN$15 million)
London, United Kingdom, November
21, 2002 — CGI Group (Europe) Limited (CGI) (TSX: GIB.A; NYSE: GIB) has signed an
applications management agreement worth over £6 million (CDN$15 million) with
Highway Insurance Holdings Plc (Highway), the UK’s eleventh largest motor insurer.
The eight year contract follows
CGI’s recent implementation of its renowned insurance administration system GIOS
(Global Insurance Open Solution) at Highway. GIOS helps insurance providers speed up claim
resolution, improve underwriting accuracy and significantly reduce red-tape through the
electronic automation of administrative processes.
The new applications management
contract will enable Highway to benefit from CGI’s specialist support services based
from its GIOS centre in Bristol. It will also enable Highway to benefit from CGI’s
remote Unix support services for its production and development servers. In addition, CGI
will dedicate technical services to support and maintain Highway’s database systems
on Oracle.
Stuart Davies, general manager and
claims director at Highway Insurance Holdings Plc, comments: “The GIOS solution which
was designed and built by CGI, has also been tailored to meet Highway’s very specific
requirements. We were therefore confident, taking into account our existing relationship
with CGI, that the management of the applications would best be placed in CGI’s safe
hands. One of the other advantages of working with CGI is that the company also provides a
very flexible service, tailored to our ever-changing needs. Consequently, the new contract
recognises our long term partnership with CGI and is expected to bring significant cost
and efficiency savings over time.”
Gavin Chapman, managing director of
CGI Group (Europe) Ltd, adds: “Highway’s initial licensing agreement for GIOS
included some support services. However, this new agreement will ensure that Highway now
has a dedicated and flexible team on hand to handle all of its GIOS application and
infrastructure support needs in a highly cost-effective manner. We have had a very
successful 17 year relationship with Highway and this new contract will ensure that it
continues long into the future.”
About Highway
Highway Insurance is the UK’s
11th largest motor insurer. Founded over 50 years ago, Highway writes a broad range of
motor risks and in 2002 will write some GBP 265 million in gross premiums, representing
500,000 policies. Highway is part of the Highway Insurance Holdings Plc group, quoted on
the London Stock Exchange (HWY.L). Web site: www.highway-insurance.co.uk
About CGI
Founded in 1976, CGI is the fourth
largest independent information technology services firm in North America, based on its
headcount. CGI and its affiliated companies employ more than 14,600 professionals.
CGI’s annualized revenue run-rate totals CDN$2.3 billion (US$1.5 billion). As at
September 30, 2002, CGI’s order backlog totalled CDN$10.4 billion (US$6.7 billion).
CGI provides end-to-end IT services and business solutions to more than 3,000 clients
worldwide from more than 60 offices. CGI’s shares are listed on the TSX (GIB.A) and
the NYSE (GIB). They are included in the TSX 100 Composite Index as well as the
S&P/TSX Canadian Information Technology and Canadian MidCap Indices. Website:
www.cgi.com
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 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 forward-looking statements.
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