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MONTREAL — CGI Inc. announced that it has signed an agreement with the three Prairie credit union centrals to acquire Celero, a provider of technology services to credit unions and financial institutions.
Financial terms of the agreement with Credit Union Central of Manitoba, Credit Union Central of Saskatchewan and Credit Union Central of Alberta were not immediately available.
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Under the agreement, CGI will acquire Celero’s managed services business from more than 90 credit unions and create new partnerships with the centrals.
More than 150 Celero employees will also join CGI.
Celero was created as a joint venture by the three Prairie Centrals to provide core banking and other technology services to credit unions.
CGI is one of the world’s largest technology and business consulting firms.
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