CGI (NYSE: GIB) (TSX: GIB.A) and Nets, a leading Northern European payment and card services provider, announced today that they have signed a three-year outsourcing contract for operational IT and infrastructure services. The new multi-million euro contract is an extension of a partnership started in 2010. CGI has been providing infrastructure services for Nets in Finland since 2010, including a full outsourced server and a data center.
“For Nets, the security and undisturbed operation of card payments is of utmost importance,” said Heikki Kapanen, country manager for Nets in Finland. “CGI has strong expertise in the bank and finance industry, as well as in the supply of global services. This motivated us to continue our cooperation with CGI.”
“In addition to delivering operational services at a high security level, we have delivered real-time card payment systems and solutions for authority reporting and for the prevention of money laundering and card payment fraud in many countries,” said Leena-Mari Lähteenmaa, vice president of infrastructure management and outsourcing for CGI in Finland. “Presently, the industry is focused on high security cloud services, and CGI is also innovating in this area.”
CGI’s services for Nets are unique in the market and comply with the rigorous PCI DSS standard for payment card transaction security.
Nets operates in the Nordics and has a wide network, including numerous banks, resellers and companies. In 2013, the company handled more than 6 billion card transactions supporting more than 33 million payment cards and more than 500,000 merchants in the Nordics.
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.
Nets connects banks, businesses, merchants and consumers via an international network, which facilitates the exchange of digital payments, identities and information – called ‘digital values’. Founded in 1968, Nets has a strong history of securely handling payments transactions. Nets’ activities include interbank clearing, terminal and PSP services, direct debit, credit transfers, e-invoicing, e-archiving, national e-identity solutions and card acquirer and issuer payment processing. Nets operates the domestic schemes of Dankort, BankAxept, Betalingsservice, Aftalegiro, NemID and BankID and is active in card acquiring through the subsidiary Teller. Nets was established in 2010 when Danish PBS Holding A/S (owner of PBS and PBS International) and Norwegian Nordito AS (owner of BBS and Teller) merged into a new, common group. Nets works towards the vision of creating the future of digital values. Reflecting this, the company provides a comprehensive choice of services covering: Cards, Payment and Information Services, eSecurity and Merchant Solutions. Nets has 2,600 employees in Denmark, Norway, Finland, Sweden and Estonia. Find out more at www.nets.eu
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.
For more information:
Investors and financial media
Senior Vice-President, Global Communications and Investor Relations
Leena-Mari Lähteenmaa, Vice-President, Infrastructure Management and Outsourcing, CGI in Finland
+ 358 50 410 3135
Communications Manager, CGI in Finland
+358 50 380 5601