Article Contents
MONTREAL — CGI Inc. says it has signed agreements with three Prairie credit union headquarters to acquire Celero, a company that provides technology services to credit unions and financial institutions.
Financial terms of the agreements with Manitoba Credit Union Central, Saskatchewan Credit Union Central and Alberta Credit Union Central were not immediately disclosed.
Article Contents
Under the deal, CGI will acquire more than 90 credit unions and Celero’s managed services business and forge a new partnership with the central bank.
More than 150 Celero employees will also join CGI.
Celero was formed as a joint venture by three Prairie central banks to provide core banking and other technology services to credit unions.
CGI is one of the world’s largest technology and business consulting firms.
Editor’s recommendation
-
Meridian Credit Union seeks national online banking license to compete with Big 5
-
ConnectFirst Credit Union and Spark merger follows historic third quarter growth
Regina Leader-Post Afternoon Headlines Stay on top of the most important news of the day with our newsletter delivered to your inbox each day. Click here to subscribe.
While some online platforms have blocked access to the journalism you rely on, our website is the place to bring you the latest news. Bookmark leaderpost.com and subscribe to our newsletter to stay updated. Click here to subscribe.
Share this article on social networks
