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CGI completes acquisition of Celero's business serving credit union clients across Canada

PUBLIC · GIBJul 04, 2024

Acquiring Company

CGI

MontrealInformation TechnologyProfessional ServicesSoftware

Description

CGI announced the acquisition of Celero's credit union business, expanding its managed service offerings to more than 90 credit unions nationwide. This strategic acquisition complements and expands CGI's core banking service offerings and digital banking solutions to the Canadian credit union sector, ensuring continuity and quality of service for all clients. The transaction is consistent with CGI's build and buy profitable growth strategy, serving as a catalyst for future organic growth.

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Company Information

Company

CGI

Location

Montreal, Quebec, Canada

About

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 82,000 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 C$12.13 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

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