CGI announced the acquisition of Celero’s credit union business serving clients across Canada, consisting of master services agreements that span managed services, core banking, digital banking and related IT services. “The strategic acquisition complements and expands CGI’s core banking service offerings and digital banking solutions to the Canadian credit union sector,” the company said in a statement. Under the agreement, CGI acquires the managed services business with more than 90 credit unions and creates new partnerships with Credit Union Central of Manitoba, Alberta Central and SaskCentral. The business will be integrated into CGI’s existing operations. As part of the agreement, more than 150 Celero employees will join CGI.
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