CALGARY, Aug. 2 /PRNewswire-FirstCall/ -- Canadian Pacific (TSX/NYSE: CP) - Canadian Pacific today announced agreements with IBM (NYSE:IBM) and Infosys Technologies Ltd. (NASDAQ:INFY) to manage the railway's I.T. application development and support. The agreements represent a significant corporate outsourcing initiative which will provide considerable capability and quality enhancement. The multi-year agreements will focus on the application development associated with management and maintenance of CP's operations. "Through the 'Bestshoring' initiative, CP will realize greater yield on our I.T. investment," said Kathryn McQuade, Executive VP and COO of CPR. "With the global best practices utilized by these two firms, we expect premium quality in the support of our current applications and in the development of those aimed at leveraging CP's core competency: efficient railway operations." These deals also represent a major shift in focus for CP's in house I.T. group. Now that the day to day mechanics of supporting and developing applications are outsourced, internal staff can utilize their understanding of the railway to put greater focus on CP's ability to leverage technology to meet the needs of today and tomorrow. "In the past, our I.T. group was viewed as a service provider to the rest of the business," noted McQuade. "Going forward, our I.T. group will be a strategic partner within the business to help us get the most out of our application environment and provide us with direction and insights for the future." Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, and most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 900 communities where we operate. Our combined ingenuity makes CP a better place to work, rail a better way to ship, and North America a better place to live. Come and visit us at http://www.cpr.ca/ to see how we can put our ingenuity to work for you. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games. Editor's Note: IBM and Infosys and will issue press releases with details of their agreements later today DATASOURCE: Canadian Pacific Railway CONTACT: Media, Mark Seland, Tel.: (403) 319-3566, e-mail: ; Investment Community, Janet Weiss, Assistant Vice-President, Investor Relations, Tel.: (403) 319-3591, e-mail:

Copyright