Laurentian Bank of Canada and CGI Group have extended their existing IT outsourcing contract until 2016. The contract extension is valued at more than $100 million, and covers the period between June 2011 and June 2016. “We are pleased with CGI’s level of quality and commitment,” said Raymond McManus, President and CEO, Laurentian Bank.

The services covered by the ITO agreement include project development, application maintenance and evolution, production management, operations support, technology deployment as well as the technical support for the Bank’s automated banking-machine network.