CGI renews contract to serve U.S. Department of Housing and Urban Development
September 19 2007 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) CLEVELAND, OH, Sept. 19
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB)
and The Columbus (Ohio) Metropolitan Housing Authority (CMHA)
announced today the signing of a two-year contract renewal
estimated at US$ 27 million to administer multi-family housing
payments in the state of Ohio for the U.S. Department of Housing
and Urban Development (HUD). The contract renewal continues a
relationship between CMHA and CGI that began in 2000. CGI is
responsible for more than 25 percent of the housing portfolio
across the U.S. administered under HUD's multi-family housing
program. In addition to Ohio and Washington, D.C., CGI administers
contracts in Northern California, and the states of Florida and New
York. CGI is the largest HUD processor of its kind in the U.S and
processes more than US$1.5 billion annually. "CMHA and CGI have
made a great team since 2000," said Dennis Guest, executive
director of CMHA. "Over the years, CGI has maintained its
commitment to business processing excellence. This has allowed us
to fulfill our mission to serve low-income individuals and
families." "CMHA was our first HUD partner, and we are honored to
have earned their trust over the years," said Marybeth Carragher,
Vice-President, Consulting Services, CGI. "Both organizations are
stronger because of the relationship." About Columbus Metropolitan
Housing Authority The Columbus Metropolitan Housing Authority was
established in 1934 by the Ohio General Assembly to serve
low-income persons and families in the city of Columbus and
throughout Franklin county. It currently manages more than 3,600
units in 24 public housing developments, two moderate income
developments and is involved in one joint venture with a non-profit
development. CMHA also successfully manages more than 10,000 units
of Tenant-Based Section 8 Vouchers. CMHA is recognized for its
innovations in the management and development of additional
housing. Recently CMHA has implemented project-based vouchers by
partnering with supportive service providers and private owners.
The program has resulted in 200 new units for the homeless, 48
family units and 30 units for seniors. Website:
http://www.cmhanet.com/. 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 25,500 professionals. CGI
provides end-to-end IT and business process services to clients
worldwide from offices in Canada, the United States, Europe, Asia
Pacific as well as from centers of excellence in North America,
Europe and India. CGI's annual revenue run rate stands at $3.7
billion (US$3.5 billion) and at June 30th, 2007, CGI's order
backlog was $12.4 billion (US$11.6 billion). CGI 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. Website:
http://www.cgi.com/. DATASOURCE: CGI GROUP INC. CONTACT: Columbus
Metropolitan Housing Authority: Suzanne L. Cochran, General Manager
of Contract Administration, (614) 880-2214,; CGI: Lorne Gorber,
Vice-President, Global Communications and Investor Relations, (514)
841-3355,
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