CGI signs US$110 million contract with Oce North America
October 03 2007 - 10:48AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) MONTREAL, Oct. 3
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB)
has expanded its partnership with Oce North America, signing a
10-year managed services contract valued at US$110 million. Under
the agreement, CGI will deliver infrastructure services, including
end-user computing, service desk, enterprise operations and data
center hosting. As part of the partnership, CGI will, when
practical, offer its customers Oce's copier, printer and document
process management solutions. "CGI and Oce have built a strong
relationship over the past six years," said Joseph D. Skrzypczak,
President and CEO of Oce North America. "Not only are we customers
of CGI, but we're also very proud to count CGI as one of our valued
clients. CGI's commitment to providing quality services, and their
well established delivery process, will continue to enhance Oce's
infrastructure management, while providing increased stability and
control of costs. CGI has proven that they can not only provide
quality services, but that they are a true strategic partner,
helping us win and grow." "This win and the addition of talented
new professionals to CGI, will further strengthen our presence in
the US commercial sector," said Michael E. Roach, President and
Chief Executive Officer of CGI. "We look forward to supporting
Oce's expanding IT needs with our state-of-the-art solutions and
services." About Oce North America Oce N.V. is a leading
international provider of digital document management technology
and services. The company's solutions are based on Oce's advanced
software applications that deliver documents and data over internal
networks and the Internet to printing devices and archives -
locally and around the world. Supporting the workflow solutions are
Oce digital printers and scanners, considered the most reliable and
productive in the world. Oce also offers a wide range of display
graphics, consulting and outsourcing solutions. Oce employs around
24,000 people, with 2006 annual revenues of $4 billion, operates in
approximately one hundred countries and maintains research and
manufacturing centers in the Netherlands, the United States,
Canada, Germany, France, Belgium, the Czech Republic, and Romania.
Oce North America is headquartered in Trumbull, CT, with additional
business units in Chicago, IL; New York City; Boca Raton, FL; Salt
Lake City, UT; Coventry, RI; and Vancouver, BC. For more
information about Oce, visit http://www.oceusa.com/. Outside the
U.S., consult http://www.oce.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/. CGI 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 sections 138.3
and following 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. 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: Lorne Gorber, Vice-President, Global Communications and
Investor Relations, (514) 841-3355
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