Comerica Bank Selects CGI for Global Trade and Supply Chain Services Processing
February 03 2010 - 11:00AM
PR Newswire (US)
Stock Market Symbols GIB (NYSE) GIB.A (TSX) www.cgi.com /newsroom
FAIRFAX, VA, Feb. 3 /PRNewswire-FirstCall/ -- CGI Group Inc. (NYSE:
GIB ; TSX: GIB.A), a leading provider of information technology and
business process services, today announced a 5-year partnership
with Comerica Bank to implement CGI's Proponix360 global trade
platform software which will help the bank reduce costs and enhance
customer service. Comerica was looking for a cost-effective
solution to replace its traditional legacy, trade- focused systems,
while meeting its ongoing business and technology objectives in a
changing market. CGI's Proponix360, a Web-based customizable
Software as a Service, delivers a single integrated global platform
that provides end-to-end applications addressing traditional trade,
open account, supply chain, and cash management functions. "With a
more than 20 year partnership, CGI is uniquely positioned to help
Comerica address their global trade services processing needs with
Proponix360," said Steven Starace, Vice-President at CGI. "CGI's
strong trade and supply chain services and reputation as a global
managed services provider help position the bank to gain a
competitive advantage in the market." For more than 30 years, CGI
has provided IT, business process and managed services to financial
institutions around the world, including 24 of the top 25 banks in
the Americas and 17 of the top 25 European banks. CGI's
banking-focused solutions include: core banking, wealth management,
trade finance, business intelligence/data warehousing and customer
relationship management. About CGI 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 26,000 professionals. CGI
provides end-to-end IT and business process services to clients
worldwide from offices in the United States, Canada, Europe and
Asia Pacific as well as from centers of excellence in North
America, Europe and India. As at December 31, 2009, CGI's order
backlog was $11.4 billion. CGI shares are listed on the NYSE (GIB)
and the TSX (GIB.A) and are included in the S&P/TSX Composite
Index as well as the S&P/TSX Capped Information Technology and
MidCap Indices. Website: http://www.cgi.com/. DATASOURCE: CGI GROUP
INC. CONTACT: Investors: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, (514) 841-3355, ; Media:
Linda Odorisio, Vice-President, US Communications, (703) 267-8118,
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