On December 31, 2005, Everlink Payment Services Inc., a leading Canadian electronic transaction switching service provider, and CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB), one of the largest independent information technology and business process services firms in the world, completed the previously announced transaction under which Everlink Services acquired CGI's electronic switching assets for $28 million.
Everlink Payment Services Inc. is a leading Canadian electronic transaction switching provider that specializes in gateway transaction switching, ATM driving and monitoring, and debit card processing. Everlink's target market includes Canadian credit unions, banks, and independent service organizations of all sizes.
Jean-René Gauthier advised CGI in this transaction.