CGI Federal Upgrades GSA Financial Management Software and Transitions Hosting of Financial Management Functions
August 02 2006 - 9:00AM
PR Newswire (US)
Deal is one of three Shared Service Provider Contracts for CGI
Federal FAIRFAX, VA, Aug. 2 /PRNewswire-FirstCall/ -- August 2,
2006 - CGI Federal, Inc., a wholly-owned U.S. operating subsidiary
of CGI Group Inc. (CGI), (NYSE: GIB; TSX: GIB.A) today announced
that the General Services Administration (GSA) has successfully
upgraded to CGI Federal's Momentum(R) 6.1 financial management
software, to be hosted at CGI's Phoenix Data Center. This
implementation was the culmination of two major initiatives that
occurred simultaneously: the upgrade of Momentum, referred to as
"Pegasys" at GSA, from version 5.1 to 6.1 and a platform transition
from GSA's existing data center to the CGI data center, which also
serves as CGI's Federal Shared Service Center. The four year deal
is valued at over US$18 million, and is one of three such contracts
signed so far by CGI Federal where the company is serving as a
private sector financial management Shared Service Provider (SSP)
for a federal government agency. GSA's Pegasys financial management
system supports users from 11 regions across the country by
processing nearly 14 million annual transactions totaling over
US$20 billion. With the implementation of Momentum 6.1, GSA will be
on the latest release of CGI Federal's Momentum financial
management software, a web-based, Financial Systems Integration
Office (FSIO) - compliant application providing the latest and most
robust financial management software available to the federal
government today. As a designated public Shared Service Provider
(SSP) for the Financial Management Line of Business (FMLoB), GSA's
implementation at CGI's Data Center includes 40 federal agencies
for which GSA provides financial management services. "As a
public-private partnership, GSA's move to CGI's Data Center
signifies both GSA and CGI's commitment to federal financial
management excellence, providing the best services and software
available to the federal government while enabling economies of
scale and expertise for future FMLoB clients," said Donna Ryan,
Vice-President, CGI Federal. About Momentum(R) The CGI Federal
Momentum financial management software uses state-of-the art open
Web technology standards to simplify system deployment and enable
interoperability with external systems. This Web enabled version
allows federal agencies to easily implement Momentum across the
agency. The solution is offered as a government-certified custom
off the shelf product for federal agencies as well as part of a
turnkey IT and business process service for federal agencies
seeking new solutions under the Federal Financial Management Line
of Business initiative. About CGI Federal CGI Federal
(http://www.cgifederal.com/) is a wholly-owned U.S. operating
subsidiary of CGI Group Inc., dedicated to providing effective IT
solutions for federal government agencies by combining over 30
years of government experience and technology skills. 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 24,500
professionals. CGI provides end-to-end IT and business process
services to clients worldwide from offices in Canada, the U.S.,
Europe, Asia Pacific as well as from centers of excellence in
Canada and the U.S., Europe and India. CGI's annualized revenue run
rate is currently $3.5 billion (US$3.1 billion) and at June 30,
2006, CGI's order backlog was $13.3 billion (US$11.9 billion).
CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and
are included in the S&P/TSX Composite Index as well as the
S&P/TSX Capped Information Technology and MidCap Indices.
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 the Ontario Securities Act, as amended. These
statements and this information represent CGI Group Inc.'s ("CGI")
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 and 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
information technology industry; general economic and business
conditions, foreign exchange and other risks identified in the
Management's Discussion and Analysis ("MD&A") in CGI's Annual
Report or Form 40-F filed with the U.S. Securities and Exchange
Commission (filed on EDGAR at http://www.sec.gov/), and in CGI's
annual and quarterly MD&A and Annual Information Form filed
with the Canadian securities authorities (filed on SEDAR at
http://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. Except to the extent required by law,
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. Readers are cautioned not to place undue reliance on
these forward-looking statements or on this forward-looking
information. DATASOURCE: CGI GROUP INC. CONTACT: Investor
relations: Lorne Gorber, Vice-President, Corporate Communications
and Investor Relations, (514) 841-3355, ; Media relations: Peter
Cutler, Director, Communications, CGI Federal, , (703) 633-8973
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