) was recently awarded a contract by oil and gas major
Royal Dutch Shell plc
) to serve as a lead Key Application Services (KAS) supplier for
Shell's Projects & Technology business. The deal has been
signed for a five-year term. The other financial terms and
conditions are not yet known.
As per the agreement, CGI Group will support the Technical and
Competitive IT (TaCIT) unit. The primarily task of the TaCIT unit
is to provide innovative technical IT solutions and services for
the Upstream and Downstream businesses of Shell.
TaCIT's parent company, Shell, is one of the largest
integrated energy firms in the world and the second largest
natural gas producer in the world. The company explores and
extracts crude oil, natural gas, and natural gas liquids. It also
converts natural gas to liquids to provide fuels and other
CGIGroup will support three key portfolios of TaCIT:
Subsurface and Wells; Engineering and Smart; as well as Projects
and Technology CIO Services.
The recent collaboration is an extension of the 15-year
association of both the companies. It is expected that CGI Group
will provide Shell with the most appropriate solution to
strengthen the latter's industry position and increase its core
CGI Group believes that its innovative solutions will aid
Shell's TaCIT unit in sustaining top quartile performance from
its information technology portfolio.
CGI Group is an independent information technology and
business process services firm, with about 69,000 employees
across the United States, Europe and the Asia Pacific. The
company's services include high-end business and IT consulting,
systems integration, application development and maintenance,
infrastructure management and a variety of proprietary
CGI Group currently carries a Zacks Rank #3 (Hold).
Better-placed stocks in the industry worth considering include
Carbonite, Inc. (
Lionbridge Technologies Inc. (
. Both of these have a Zacks Rank #2 (Buy).
CARBONITE INC (CARB): Free Stock Analysis
CGI GRP INC -A (GIB): Free Stock Analysis
LIONBRIDGE TECH (LIOX): Free Stock Analysis
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