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LONDON, April 3, 2024 /PRNewswire/ - CGI (TSX:
GIB.A) (NYSE: GIB), one of the largest independent IT and business
consulting services firms in the world, has been selected by Market
Operator Services Ltd (MOSL), the operator of the non-household
water retail market in England, to
continue management of their core platforms—the Central Market
Operating System (CMOS) and the centralized bilateral transactions
'hub'—which all trading parties use to initiate and manage
bilateral transactions. The contract is valued at $18.7 million (£11.5 million).
Simon Powell, Chief Information
Officer at MOSL said, "By working closely with CGI, we will be able
to drive both efficiency and innovation while continuing to provide
a reliable service that delivers value for money for both retailers
and wholesalers. Partnering with CGI we will continue to deliver a
well-functioning market whilst developing the capabilities for the
future."
The continued evolution of this longstanding collaboration
between CGI and MOSL will focus on implementing new capabilities to
support initiatives such as significantly increasing the use of
smart meters, which will help address sustainability challenges
such as water leakage and the need to reduce its consumption.
Paul Buxton, Vice-President,
Utilities and the North East for CGI in the UK said, "The extended
contract will enable CGI to support MOSL's ambitious plans for
improvements across the water sector, while continuing to provide a
stable platform which enables the non-household water market to run
in the most efficient and frictionless way possible."
Following a successful migration to the cloud, the CMOS platform
supports the competitive water market operations, including the
collection and maintenance of essential data, facilitating
customers' ability to change suppliers, and ensuring smooth
settlement and payments between retailers and wholesalers.
Additionally, the platform enables MOSL to enhance customer service
and provide more choice for business customers.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 90,500
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 2023
reported revenue is CA$14.30 billion and CGI shares are listed on
the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
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SOURCE CGI Inc.