CGI extends partnership with the City of New York for maintenance of parking system technology

Rhea-AI Summary

CGI, a leading IT and business consulting firm, has extended its partnership with the City of New York for the maintenance of the STARS parking violation system. The new five-year contract, with an optional two-year renewal, involves CGI working with the city's Department of Finance to manage adjudication, payment, and collection processes for parking and camera violations. This system, built on CGI's Advantage Collections platform, handles approximately 17 million tickets annually, resulting in the collection of over C$1.3 billion in public revenue each year. CGI will provide IT and consulting services to adapt the system to evolving business environments, implement modifications, and design new solutions.

Positive

• Secured a five-year contract extension with optional two-year renewal
• System handles 17 million parking and camera tickets annually
• Contributes to the collection of over C$1.3 billion in public revenue yearly
• Provides IT and consulting services for system evolution and new solution designs

Negative

• None.

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GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

NEW YORK, Aug. 13, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced its selection by the City of New York for maintenance of the STARS parking violation system, which runs on CGI Advantage Collections platform. CGI will partner with the city's Department of Finance under a new five-year contract with an optional two-year renewal to administer the adjudication, payment and collection processes for parking and camera violations issued by the city, resulting in the collection of over C$1.3 billion in public revenue each year.

Developed by CGI, the STARS system includes capabilities that provide motorists with timely notifications and access to their records; accurate processing of inquiries, claims, and payments; and support for their right to adjudicate tickets. The system supports the city's annual management of approximately 17 million parking and camera tickets. Under the new agreement CGI will provide IT and consulting services focused on evolving business environments, system modifications, and new solution designs.

"Citizens in New York and in communities across the country expect government services to offer the utmost in responsiveness, flexibility and transparency," said James Titus, Vice-President Consulting Services in CGI's U.S. East operations. "With extensive knowledge of the complex business rules in the STARS application and the requirements of its users, we will continue to evolve the system to ensure that it works effectively for the city and the people it serves."

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 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 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.

View original content:https://www.prnewswire.com/news-releases/cgi-extends-partnership-with-the-city-of-new-york-for-maintenance-of-parking-system-technology-302220761.html

SOURCE CGI Inc.

FAQ

What is the duration of CGI's new contract with the City of New York for the STARS parking system?

CGI has secured a five-year contract with the City of New York, with an optional two-year renewal for the maintenance of the STARS parking violation system.

How many parking and camera tickets does the STARS system process annually for New York City?

The STARS system, developed by CGI (NYSE: GIB), processes approximately 17 million parking and camera tickets annually for the City of New York.

What is the annual public revenue collected through the STARS parking system in New York City?

The STARS parking violation system, maintained by CGI (TSX: GIB.A), contributes to the collection of over C$1.3 billion in public revenue each year for the City of New York.

What services will CGI provide under the new contract for the STARS system?

Under the new contract, CGI (NYSE: GIB) will provide IT and consulting services focused on evolving business environments, system modifications, and new solution designs for the STARS parking violation system.