CGI announces a five-year, £44m, business processing and IT outsourcing agreement with Elexon
CGI (NYSE: GIB) (TSX: GIB.A) is pleased to announce a further five-year extension of its business processing and IT outsourcing contract with Elexon. This will further extend the 21-year relationship between the two companies and will see CGI continue to deliver a wide range of IT services supporting Elexon’s digital transformation strategy.
Under the terms of this extended contract, CGI will operate and manage all of Elexon’s core industry applications. This includes the provision of Elexon’s customer service desk, management of a number of core industry processes including end-of-day settlement, infrastructure and network hosting, in addition to application management and development services. The five-year contract will also support Elexon’s drive to deliver internal efficiencies and optimise the support it provides its customers.
Additionally CGI will help Elexon deliver a range of new transformational projects within a multi-vendor ecosystem to support their customers and the industry change needed to realise the benefits created by the UK’s smart meter roll-out.
Mark Aston, Senior Vice President for CGI in the North of England and Australia said: “We are delighted to continue supporting Elexon’s delivery of the critical services that keep the UK’s electricity market running. This extension builds on a relationship going back over two decades, during which we have successfully delivered numerous industry changes and upgrades, as well as providing IT and Business Process support. We are excited about this opportunity to extend our services to support Elexon’s digital transformation strategy.”
Peter Stanley, Director of Digital Operations for Elexon added: “As a key partner to the electricity industry, investment in our core IT infrastructure is vital in ensuring and delivering outstanding service. Our contract with CGI allows us to benefit from their significant sector expertise and capability as we continue to implement scalable infrastructure. This will help us to continue to serve at the heart of the energy industry, building a path to net zero.”
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 80,000 consultants and other 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.
Elexon is vital to the operation of the wholesale electricity market. Elexon compares how much electricity generators and suppliers said they would produce or consume with actual volumes and work out a price for the difference and transfer funds accordingly. The rules are set out in the Balancing and Settlement Code (BSC), which Elexon administers through the procurement and management of services. Their expertise and impartiality gives customers the confidence that the BSC operates efficiently and accurately.