Logica
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Logica
Logica
Subsidiary
Industry IT services, IT consulting
Founded 1969
Headquarters Reading, United Kingdom
Key people
Serge Godin (Executive Chairman)
George D Schindler (President and CEO)
Services IT, business consulting and outsourcing services
Revenue £3,921 million (2011)[1]
£54.5 million (2011)[1]
Profit £27.2 million (2011)[1]
Parent CGI Group
Website www.cgi.com

Logica was a multinational IT and management consultancy company headquartered in Reading, United Kingdom, which was founded in 1969 and became a wholly owned subsidiary of CGI Group in 2012.

Formerly listed on the London Stock Exchange and a constituent of the FTSE 250 Index, Logica was acquired by the Canada-based CGI Group in August 2012 for £1.7 billion in cash.[2]

The company had offices in London and a number of major cities across England, Wales and Scotland, as well as in other countries around the world.[3]

History

20th century

Logica was founded by Len Taylor, Philip Hughes, Pat Coen,[3] Steve Feldman[4] and John McNeil as a systems integration business in 1969.[5] Early projects included the control system for the natural gas grid in the UK in 1971 and the design of the SWIFT network for international money transfers in 1973.[3]

In 1974, Logica, together with the French company SESA, set up a joint venture, Sesa-Logica, to undertake the European Informatics Network development. This project, undertaken with the support of partners throughout Europe and with the assistance of Bolt, Beranek and Newman in Cambridge, Massachusetts, brought the core datagram technology of the Arpanet, now the Internet, to Europe for the first time, and established a network linking research centres in a number of European Countries, including CERN, the French research centre INRIA and the UK's National Physical Laboratory.[6]

In 1975, Logica developed the first electronic typing pool - Unicom - for Unilever.[7] This development allowed the complete functions of a typing pool to be automated into a single system supporting about 50 workstations. With the support of the UK's National Enterprise Board the company established a new subsidiary to exploit this technology, Logica VTS.[7] A range of stand alone word processors, the VTS 100 and the VTS 2200, were developed and were manufactured at a purpose built factory in Swindon. These machines were sold internationally by BT and by International Computers Ltd and were amongst the first word processors to achieve mass sales. However the advent of the Personal Computer and software such as Microsoft Word led to the decline of this business and its ultimate closure.[8]

Logica featured in the 1978 BBC Horizon documentary Now the Chips are Down.[9][10]

At this time Logica set up operating subsidiaries in the Netherlands, Australia, Sweden, the United States and elsewhere as well as joint ventures in Hong Kong with Jardine Matheson, in Italy with Finsiel and in the UK with British Airways. The Company floated on the London Stock Exchange on 26 October 1983.[3]

In 1984 the Company developed the automated clearing system for the UK banks (CHAPS)[11] as well as the customer service system for British Telecom.[11]

The Company pioneered the automated ticketing system for London Underground in 1987[11] and the system which randomly generates premium bond numbers (ERNIE) in 1988.[11]

During the late 1980s and early 1990s the Company was led by David Mann.[12]

Dr Martin Read was recruited from GEC Marconi and appointed CEO in August 1993.[3] Most of the executive directors left the company during the two years following his appointment - David Mann, Colin Rowland, Andrew Karney, Ian Macleod and Cliff Preddy.[13] In 2001 the Company secured an outsourcing contract to create and operate a new case management system for the Crown Prosecution Service.[14] At this time the level of Dr Read's remuneration received attention when it was revealed that he enjoyed a £28 million pay packet.[15][16]

21st century

The merger of Logica (60%) with CMG (40%), on 30 December 2002, represented the union of an established technology firm (Logica) with an established consulting firm (CMG).[17] In December 2003 LogicaCMG's software controlled the Beagle 2 probe after separation from the Mars Express orbiter.[18]

In 2005 LogicaCMG purchased 60% of the Portuguese company Edinfor,[11] and in March 2008 purchased the remaining 40%. In 2006, LogicaCMG purchased the French company Unilog and the Swedish company WM-data.[11]

The Company suffered some embarrassment in 2006 when laptops containing police payroll data were stolen from LogicaCMG[19] and an outsourcing contract with Transport for London for IT services was terminated early after disputes over payments and service level agreements.[20]

On 20 February 2007 LogicaCMG Telecom Products was sold for £265m (US $525m) to private investors Atlantic Bridge Ventures and Access Industries and became known as Acision.[21]

Following a profit warning in 2007,[22] Andy Green was recruited as the new CEO and took office from 1 January 2008.[23] On 27 February 2008, the Company changed its name back to Logica.[11] In April 2008 Green announced a major restructuring programme for the company, leading to 1,300 job losses.[24] Also in May 2008 the Company announced that it would offshore more of its activities including SAP support and HR and payroll administration to Makati City in the Philippines[25] and has seen a subsequent increase in its outsourced HR and payroll services business to more than 850 customer organisations.[26]

In December 2011 Logica announced it would axe 1,300 jobs or around 3 percent of the workforce spread across Benelux, the United Kingdom and Sweden and save Logica 50 to 60 million pounds sterling a year from the second half of 2012.[27]

On 31 May 2012 Canada's CGI Group agreed to buy Logica in a £1.7bn cash deal.[2] The acquisition was completed on 20 August 2012.[28]

Operations

Logica was a management consultancy, outsourcing and IT services and solutions company.[29] Its activities included:

  • Supporting the missions of over 150 orbiting satellites.[30]
  • Processing more than $100 billion of salaries globally each year.[31]
  • Supporting 300 telecoms operators in 130 countries.[32]

LogiBods

During the 1980s and 1990s Logica ran an extensive graduate recruitment programme that resulted in the company having a relatively young workforce. Naturally, strong social bonds formed between the graduate employees, many of whom were living away from home for the first time. The company subsidised an active sports and social club to further encourage staff cohesion. Logica staff affectionately refer to themselves as "LogiBod". Ties between former employees often persist longterm up to and including the present. There is even an independently operated alumni society, run by former employees, to cater for nostalgic needs of LogiBods and help them keep in touch.[33]

See also


References

  1. ^ a b c "Preliminary Results 2011". Logica. Retrieved 2012. 
  2. ^ a b "CGI Group beds Logica in £1.7bn cash deal". Channelregister.co.uk. 2012-05-31. Retrieved . 
  3. ^ a b c d e Logica Corporate Profile The Independent
  4. ^ People: Mann's long stint at Logica comes to an end Financial Times, 25 February 1994
  5. ^ John McNeil Pioneer of the UK computer software industry Herald Scotland, 19 November 2004
  6. ^ "Origins, development and future of the Euronet". Emeraldinsight.com. 1977-12-31. doi:10.1108/eb046759. Retrieved . 
  7. ^ a b Peter Hall (Spring 1998). "The Unicom Project". Resurrection. Computer Conservation Society (19). ISSN 0958-7403. Retrieved 2010. 
  8. ^ "Computer resurrection: the Unicom project". Cs.man.ac.uk. Retrieved . 
  9. ^ "Now the Chips are Down". Horizon. Now the Chips are Down. 31 March 1978. BBC. Retrieved 2017. 
  10. ^ "Now the Chips are Down". IMDb. Amazon. Retrieved 2017. 
  11. ^ a b c d e f g "Logica History". Logica.com. Retrieved . 
  12. ^ "Directors and Managers". Charteris. Retrieved . 
  13. ^ James Bethell (1995-06-06). "More directors leave Logica". Independent.co.uk. Retrieved . 
  14. ^ Logica: Global Outsourcing from a Welsh Hub
  15. ^ Little man with a beard and a £28m pay packet
  16. ^ John Cassy (2001-11-05). "Local zeros?". Guardian. Retrieved . 
  17. ^ Richard Wray (2002-10-09). "Jobs cull logical in Logica / CMG deal". Guardian. Retrieved . 
  18. ^ Briggs, Helen (2003-12-17). "Beagle probe enters crucial phase". BBC News. Retrieved . 
  19. ^ "Met police payroll details stolen". BBC News. 2006-11-22. Retrieved . 
  20. ^ "TfL signs temporary outsourcing agreement". Computing.co.uk. Retrieved . 
  21. ^ Payroll Processing
  22. ^ "Logica profit warning hits shares". BBC News. 2007-05-22. Retrieved . 
  23. ^ "Logica appoints BT's Green as new CEO". Computerweekly.com. Retrieved . 
  24. ^ "Logica UK sales stall". Computing.co.uk. Retrieved . 
  25. ^ "UK's Logica to outsource more work to RP". Newsinfo.inquirer.net. Retrieved . 
  26. ^ "Logica press release - includes figures on scale of HR BPO operations". Logica.com. Retrieved . 
  27. ^ "Logica to cut 1,300 jobs on eurozone woes". December 14, 2011. 
  28. ^ "CGI Group closes $2.67B deal for UK-based Logica". Bloomberg Businessweek. 20 August 2012. Retrieved 2012. 
  29. ^ "Business Review". Logica. Retrieved . 
  30. ^ "Logica Group Overview". Logica.com. Retrieved . 
  31. ^ "40 years of innovation and enterprise". Logica. Retrieved . 
  32. ^ "Telecoms and media". Logica. Retrieved . 
  33. ^ "Logibods". Retrieved 2017. 

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


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