CGI Awarded $10 Million Interac Contract - CGI will manage Interac Association's Central Network Management Facility.TORONTO--(BUSINESS WIRE)--June 26, 1997--CGI Group Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ;ME GIB See NIST binary. .A) The CGI Group Inc. announced today that it has been awarded a five year, $10 million contract for the management of Interac Association's Central Network Management Facility (CNMF CNMF Cabrillo National Monument Foundation CNMF Corba Based Network Management Framework ). The CNMF system monitors the availability of Interac members to process transactions and provides statistical information. CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. will be responsible for the day-to-day operation of CNMF's services. "This is a highly significant and strategic contract considering Interac Association's key role in the financial sector. The experience of our financial systems division in the operation of mission-critical systems coupled with an appreciation of the need for exceedingly high standards of availability, reliability and data integrity will allow Interac to continue delivering a proactive, valuable service to the market," said Serge Godin, Chairman and Chief Executive Officer of CGI. Joanne De Laurentis, President of Interac Association stated, "We chose CGI in great part because of their dedication to the services they provide, as well as the high service and reliability levels they offer clients." Interac Association is a national organization, linking enterprises that have networks that communicate with each other to perform electronic financial transactions. There are two services : Shared Cash Dispensing and Interac Direct payment. CGI is the largest Canadian-owned independent information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. firm with 2,700 specialists and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue of $300 million. It provides end-to-end IT services and business solutions to more than 1,800 clients throughout Canada and elsewhere in the world. CGI is listed on the Toronto and Montreal stock exchanges. Stock symbol:GIB.A. Website address: www.cgi.ca . Following the recent acquisition of CDSL (Consumer DSL) An asymmetric DSL variation from Rockwell International that supports standard analog modems as well as 128 Kbps upstream and 1 Mbps downstream up to a maximum distance of 18000 feet. See DSL. Holdings and a series of major systems integration and IT outsourcing contracts, the company's order book is now valued over $1 billion. CONTACT: CGI Group Inc. Yves Roberge, 514/841-3230 Internet Site: http://www.cgi.ca |
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