MONTREAL, QUEBEC--(Marketwired - July 30, 2014) - CGI (TSX:GIB.A)(NYSE:GIB) is pleased to announce the successful "go live" implementation of its CGI Trade360(R) platform within National Bank of Canada. The Bank wanted to replace its legacy trade applications with a single, integrated and modern trade platform, to offer its customers a cutting edge trade portal. Under its five-year contract with National Bank of Canada, CGI is responsible for operating, maintaining and evolving CGI Trade360 to meet the Bank's current and evolving trade business needs.
"We're excited to expand our longstanding partnership with National Bank of Canada to include the delivery of CGI Trade360," shared Guy Vigeant, Senior Vice-President, Greater Montreal, CGI. "It demonstrates once again the unwavering commitment of CGI professionals to deliver world-class services to help our clients win and grow."
Delivered as a software as a service (SaaS), CGI Trade360 will enable National Bank of Canada to provide the full range of traditional trade, payables, receivables and cash management services to its customers on a single, integrated and global platform. "With CGI Trade360, a user friendly portal, our clients will be able to do their trade finance activities anywhere, anytime. The enhanced accessibility and convenience will definitely bring the customer experience to a new level" said Dyanne Carenza, Vice-President, Commercial Banking Services and International, National Bank of Canada.
"CGI Trade360 is a transformational, highly customizable trade and supply chain platform that is currently powering the trade services business for major banks across North America, Europe and Asia. We welcome the opportunity to help the Bank enhance and grow its trade business through this proven, industry-leading platform" added Frank Tezzi, Vice President Trade & Supply Chain Solutions at CGI.
CGI Trade360 is a proven global platform that currently supports bank trade services in 40+ countries and 95+ locations across Asia, Europe, North America and Oceania, with more than 15,000 front-end corporate users. CGI's solution represents experience gained from nearly 30 years of supporting more than 40 major banks globally.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging 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. With annual revenue in excess of C$10 billion and an order backlog of approximately C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
About National Bank of Canada
With $194 billion in assets as at April 30, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
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, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI'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 or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), 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 or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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Source: CGI Group Inc.