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CGI Group Lands Euro 15M Tech Revamp Contract with ebase

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Information technology company CGI Group Inc.GIB and leading German B2B direct bank, ebase, renewed and expanded the scope of their successful partnership, with the new project spanning five years.

Per the contract, CGI will employ new technologies with an objective to enhance the present virtual desktop infrastructure, network systems and telephony, over the next year. The deal is ebase's largest undertaking to date, and is worth €15 million ($16.7 million).

Headquartered in Aschheim near Munich, ebase offers 'money depots', which are used for storing investment funds, as well as account solutions. The firm also acts as a 'full service partner' for other financial service providers, banks, asset managers, insurance companies and capital management companies.

CGI's perception for client needs, high reliability and IT innovation will help ebase attract customers with innovative banking solutions. CGI will help build state-of-the-art infrastructure for ebase, which is an essential prerequisite for the latter's strategic expansion.

CGI has directed and managed the deployment and operations of ebase's infrastructure and data centre services for half a decade now. Its services included the management of networks, servers, databases and virtual clients. CGI also aided ebase in complying with Germany's Bafin legislation. Additionally, in the case of any major operational hitch, CGI arranges an emergency work site for bank employees in Munich.

The extension of the partnership reflects the value created by CGI's reliable, high-performance capabilities. Notably, CGI Group is the fifth largest independent IT and business process services firm globally. It provides a comprehensive range of IT services and solutions that help clients stay ahead of the curve in a fast-evolving and competitive business scenario.

CGI currently holds a Zacks Rank #3 (Hold). Some better-ranked stocks in the computer services industry that are worth a look include Ebix Inc. EBIX , Lionbridge Technologies Inc. LIOX and NCI, Inc. NCIT , each sporting a Zacks Rank #2 (Buy).

Note: €1 = $1.1145 (As at Sep 24, 2015)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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