Agreement will see CGI help IGM accelerate its
digital transformation
TORONTO and WINNIPEG, MB, July 27,
2022 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) and
IGM Financial Inc. (IGM) (TSX: IGM) have signed a strategic
agreement to deliver the next generation of mutual fund transfer
agency (TA) platforms in Canada.
The IGM and CGI partnership will focus on integrating two
leading mutual fund record keeping solutions into a single, modern
platform. It will include CGI taking responsibility for the overall
modernization of the platforms as part of the company's portfolio
of intellectual property solutions as well as supporting IGM with
ongoing operations and delivery of the new platform through a
software-as-a-service (SaaS). This initiative furthers IGM's
five-year digital transformation, which it began implementing in
2018 and has included working with global tech leaders such as
Google Cloud and Salesforce.
"This is another important step in our ambitious, ongoing
digital transformation, which has allowed us to elevate the client
experience by leveraging strategic partnerships with world-class
organizations such as CGI," said Mike
Dibden, Chief Operating Officer, IGM Financial. "We're
pleased to be working with CGI, whose scale and depth of expertise
will help provide a seamless transition of technology services and
capabilities and enable us to focus on our core mission: bettering
the lives of Canadians by helping them better plan and manage their
money."
CGI will support IGM's ongoing transformation by delivering new
TA application management services and intelligent automation,
including technology development and testing. With broad digital
transformation and application services experience in banking and
other industries across Canada,
CGI will future-proof the platform through ongoing operational
efficiencies and end-to-end management, while modernizing the
platform over time—in line with CGI's proven intellectual property
continuous evolution practices.
"We are delighted to expand on our successful partnership with
IGM and are proud to support its ongoing digitization and growth in
Canada," said Jamie Holland,
Senior Vice-President of CGI's Canada Industry Solutions business.
"Our long-term collaboration with leading Canadian financial
services firms such as IGM gives us an in-depth understanding of
the industry's challenges and goals. This, combined with our team's
wealth technology platform and business process services expertise,
enables us to provide the holistic solution and support required to
help our clients thrive."
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 88,500
consultants and professionals across the globe, CGI delivers an
end-to-end portfolio of capabilities, from strategic IT and
business consulting to systems integration, managed IT and business
process services and intellectual property solutions. CGI works
with clients through a local relationship model complemented by a
global delivery network that helps clients digitally transform
their organizations and accelerate results. CGI Fiscal 2021
reported revenue is $12.13 billion
and CGI shares are listed on the TSX (GIB.A) and the NYSE
(GIB). Learn more at cgi.com.
About IGM
IGM Financial Inc. is one of Canada's leading diversified wealth and asset
management companies with approximately $242
billion in total assets under management and advisement at
June 30, 2022. The company provides a
broad range of financial planning and investment management
services to help more than two million Canadians meet their
financial goals. Its activities are carried out principally through
IG Wealth Management, Mackenzie Investments and Investment Planning
Counsel. IGM Financial is a member of the Power Corporation group
of companies. Learn more at igmfinancial.com.
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SOURCE CGI Inc.