Montreal, Quebec, November 28, 2006 – CGI Group Inc. (TSX: GIB.A; NYSE: GIB) announced today that American Banker Magazine and the research firm Financial Insights have ranked CGI as the number one solutions provider to the Insurance Industry as part of the 2006 FinTech 100.
�This award confirms CGI as the leading solutions provider to the insurance industry,� noted Michael E. Roach, President and Chief Executive Officer of CGI. �It shows our ability to provide our clients state-of-the-art technologies, solutions and practices to respond to their needs in this highly competitive environment.�
CGI also placed 16th in the overall FinTech 100 ranking. The FinTech 100, and their associated special reports, are a collaboration of American Banker and Financial Insights, an IDC Company. This ranking is categorized and evaluated based on fiscal year end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by Financial Insights. New to the 2006 report, the Top 10 Insurance providers rank the top companies in this financial services segment.
CGI is a leading partner of insurance carriers who are seeking to capitalize on market opportunities ranging from consolidation to specialization. CGI�s complete insurance capabilities encompass proven processes and tools that allow carriers to increase their competitiveness. CGI helps clients focus on those functions that achieve market differentiation, such as product management and sales channel development, and delivers structured platforms that transform functions such as underwriting, policy administration, premium accounting and claims. CGI also manages non-core yet critical back-office functions on clients� behalf, allowing them to achieve optimal business performance.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 24,500 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 North America, Europe and India. CGI’s fiscal 2006 revenue was $3.5 billion (US$3.1 billion) and at September 30, 2006, CGI’s order backlog was $12.7 billion (US$11.4 billion). CGI shares are listed on the TSX (GIB.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.