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TORONTO, July 20 /PRNewswire-FirstCall/ - CGI Group Inc.
(TSX: GIB.A; NYSE: GIB), a leading provider of information
technology and business processing services, announced today that
it has entered into a 6-year, $50
million IT outsourcing contract with Rexel Group, a global
leader in the distribution of electrical supplies, headquartered in
Paris, France.
This new agreement, which will support productivity
improvements, establishes CGI as not only one of the preferred IT
suppliers for Rexel's Canadian operations, but also for Rexel's US
operations. This contract builds on one of CGI's longest
outsourcing relationships. In 1997, CGI entered into an agreement
with Westburne Industrial Enterprises Ltd., which was acquired in
September 2000 by Rexel Canada.
"CGI has been a long-time partner for our Canadian operations,
and has consistently delivered services of outstanding quality,"
said Olivier Baldassari, Global CIO,
Rexel Group. "This agreement with CGI is a stepping-stone in our
global plan for greater consolidation and will bring increased
efficiencies to our North American business."
CGI professionals will provide Rexel Group's North American
operations with a broad range of professional services including
primarily technology infrastructure management, and some
application maintenance and support, as well as some consulting and
system integration services such as support of Rexel's
mission-critical ERP and business intelligence applications in
Canada.
An (euro) 11.3 billion company, Rexel Group's overall growth
strategy is to bolster its position in its key markets and
consolidate its leadership in the distribution of electrical
supplies while fostering proximity with customers worldwide.
"We're very proud to work with a global leader like Rexel, and
we're thrilled to see our relationship grow to include Rexel's US
operations," said Doug McCuaig,
CGI's Canadian President. "Going forward, we plan to leverage our
comprehensive global portfolio of services to further assist Rexel
in advancing their market position."
CGI helps wholesale and distribution companies build, implement
and manage the complex business and IT strategies critical to
succeeding in today's marketplace. CGI's comprehensive professional
services transform operations in areas such as enterprise resource
planning, supply chain management, transportation and logistics,
and order management. From individual projects that deliver
specific transformation to full transformative outsourcing services
in areas such as technology and applications hosting and call
center support, CGI's distribution and retail expertise and
flexible global delivery model allow clients to adapt, win and
grow.
About Rexel Group
Rexel, a global leader in the distribution of electrical
supplies, serves three main end markets: industrial, commercial and
residential. The Group operates in 34 countries, with a network of
some 2,200 branches, and employs 28,000 people. Rexel's sales were
(euro)11.3 billion in 2009. Its majority shareholders are an
investor group led by Clayton, Dubilier & Rice, Eurazeo and
BAML Capital Partners. Rexel is listed on the Eurolist market of
Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203).
It is integrated in the following indices: NEXT 150, SBF 120, and
CAC Mid 100.
For more information, visit Rexel's web site at
www.rexel.com.
About Rexel Canada Inc.
Rexel Canada Electrical Inc. is a subsidiary of the REXEL group,
a world leader in the distribution of electrical products. Rexel
Canada Electrical Inc. operates throughout Canada under two
banners, NEDCO and WESTBURNE. With more than $1 billion in annualized sales and 2200 employees
throughout Canada, it represents more than 1200 suppliers and
serves customers through an extensive 211 branch network. Rexel
Canada Electrical Inc. is the largest national wholesale
distributor of electrical material, which includes a wide range of
quality products.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process services
firms in the world. CGI and its affiliated companies employ
approximately 26,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices in
the United States, Canada,
Europe and Asia Pacific as well as from centers of
excellence in North America,
Europe and India. As of March 31,
2010, CGI's order backlog was $11.4
billion. CGI shares are listed on the NYSE (GIB) and the TSX
(GIB.A) and are included in both, the Dow Jones Sustainability
World Index and the FTSE4Good Index.
www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of that term in Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E
of the United States Securities Exchange Act of 1934, as amended,
and are "forward-looking information" within the meaning of section
138.3 and following of the Ontario Securities Act. These statements
and this information represent CGI's intentions, plans,
expectations and beliefs, and are subject to risks, uncertainties
and other factors, of which many are beyond the control of the
Company. These factors could cause actual results to differ
materially from such forward-looking statements or forward-looking
information. These factors include but are not restricted to: the
timing and size of new contracts; acquisitions and other corporate
developments; the ability to attract and retain qualified members;
market competition in the rapidly evolving IT industry; general
economic and business conditions; foreign exchange and other risks
identified in the press release, in CGI's Annual Report on Form
40-F filed with the U.S. Securities and Exchange Commission (filed
on EDGAR at www.sec.gov), the Company's Annual Information Form
filed with the Canadian securities authorities (filed on SEDAR at
www.sedar.com), as well as assumptions regarding the foregoing. The
words "believe," "estimate," "expect," "intend," "anticipate,"
"foresee," "plan," and similar expressions and variations thereof,
identify certain of such forward-looking statements or
forward-looking information, which speak only as of the date on
which they are made. In particular, statements relating to future
performance are forward-looking statements and forward-looking
information. CGI disclaims any intention or obligation to publicly
update or revise any forward-looking statements or forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable law. Readers are
cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information. You will find
more information about the risks that could cause our actual
results to differ significantly from our current expectations in
the Risks and Uncertainties section.
SOURCE CGI GROUP INC.