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News : CGI Enters into 10-year Modernization Agreement with Sears Canada
Toronto, Ontario, May 16, 2016 -- CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce that it has entered into a 10-year agreement with Sears Canada (TSX: SCC; NASDAQ: SRSC) to support the retailer’s strategy to re-engineer its technology platforms.
CGI will streamline and update Sears Canada’s current technology infrastructure and mainframe applications with the goal of reducing costs and improving efficiency. The rationalization of these operations will also enable Sears Canada to decommission systems concurrent to standing up a modernized core technology stack. As part of a comprehensive suite of services, CGI will also protect Sears Canada’s technology environments with advanced cybersecurity solutions, and partner with Sears Canada on elements of its new technology architecture.
CGI will leverage its global delivery model to deliver consulting and application and infrastructure management services from worldwide locations where it currently operates, including from its local Canadian offices in Montréal and Toronto.
"This agreement will help optimize our technology operations and support our goal to manage expenses in line with our business objectives," said Becky Penrice, Executive Vice-President and Chief Operating Officer, Sears Canada Inc. "CGI has also committed to a hands-on level of service that will help us deliver improved technology support to the retail operations," continued Ms. Penrice. "It is a significant vote of confidence that CGI has made a 10-year commitment to Sears Canada. CGI’s long-term commitment, hands-on approach, and the alignment of the agreement with Sears Canada’s goals made CGI an ideal partner to provide technology support and services for our current platform."
Posted by Veronica Silva Cusi, news correspondent
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About CGI Group:
At CGI, we are in the business of satisfying clients. For more than 35 years, we've partnered with U.S. defense, civilian and intelligence agencies to support their mission-essential needs at every stage of program, product and business lifecycle. As a global leader in information technology, our portfolio of services is customizable to meet the unique needs of our federal clients. We deliver end-to-end services and solutions including application management, infrastructure management, systems integration and consulting, business process services, and cloud computing.
About Sears Canada:
Sears, officially named Sears, Roebuck and Co., is an American chain of down-scale department stores which was founded by Richard Warren Sears and Alvah Roebuck in the late 19th century.
Published: Tuesday, May 17, 2016