Toronto, ON (Feb. 13, 2013) – CGI Group Inc., a leading provider of information technology and business process services, today announced the signing of a $54 million extension to an existing long-term agreement that will see CGI continue to provide end-to-end managed IT services to Foresters™, an international life insurance provider with over one million member customers in Canada, the United States and the United Kingdom.
Foresters has shared its financial strength with its members and their communities for over 135 years and is today in a strong financial position with assets of $8.6 billion. As it continues to grow, Foresters trusts CGI as its IT partner to manage its infrastructure and mission critical applications.
“With over a million people depending on us for life insurance, the technology that runs our business has to be reliable and secure—every minute of every day,” says Peter Sweers, Senior Vice President and Chief Operations and Information Officer, Foresters. “As our IT partner for almost a decade, CGI continues to demonstrate its commitment to Foresters by finding ways to reduce business risk, lowering our costs or working side-by-side with us in our charitable initiatives.”
“A growing, member-focused client like Foresters requires innovative and cost-effective solutions and the peace of mind that its applications are in safe hands,” said Marie MacDonald, Senior Vice President and Greater Toronto Area leader, CGI. “CGI is proud to have the trust of Foresters and privileged to continue to support our client going forward.”
CGI is an IT partner to over 175 global life, property and casualty insurance providers, agencies and brokers. With over 35 years of experience providing full suite of IT and business process managed services and industry leading software solutions and while maintaining the highest industry certifications, CGI leverages its insurance industry experts and our flexible onshore, nearshore and offshore models to provide our clients with business outcomes that move their business forward. Visit www.cgi.com/insurance.
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. Visit www.cgi.com.