CGI Announces US$135 Million Award from Centers for Medicare & Medicaid Services to Maintain and Enhance Medicare Advantage & Pa
March 17 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) www.cgi.com/newsroom
FAIRFAX, VA, March 17 /PRNewswire-FirstCall/ -- CGI Federal, Inc.,
a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE:
GIB; TSX: GIB.A) announced today that it was awarded the Medicare
Advantage & Part D (MA & Part D) Maintenance and
Enhancement Services contract by the Centers for Medicare &
Medicaid Services (CMS). The award, which was made under CMS'
Enterprise Systems Development (ESD) IDIQ contract, is valued at
US$135 million over five and one half years if all optional
components are exercised. "The Medicare Advantage & Part D
systems are central to CMS's mission to support millions of
Medicare beneficiaries," said George Schindler, President, CGI
Federal. "CGI is proud to continue our strong partnership with
CMS." "CGI's updates to the MA & Part D systems will enhance
its performance and scalability as enrollments continue to rise,"
added Cheryl Campbell, Vice-President, US Healthcare, CGI. CMS
developed the MA & Part D systems to support the legislatively
mandated Medicare Modernization Act (MMA), which includes
prescription drug benefits for Medicare recipients. These systems
handle the complex data and transaction processing that is shared
by the government agencies, plan providers, pharmacies, and
retirement plans. CGI's services and support will be delivered from
its offices in the Baltimore metro area as well as from its
Southwest Virginia Delivery Center of Excellence in Lebanon, VA.
About CGI Federal CGI Federal (http://www.cgi.com/usfederal) 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 25,000 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 $4.0 billion and at December 31,
2008, CGI's order backlog was $11.4 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/. 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. 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 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 IT industry; general economic and business
conditions, foreign exchange and other risks identified in the
MD&A, in CGI's Annual Report on Form 40-F filed with the U.S.
Securities and Exchange Commission (filed on EDGAR at
http://www.sec.gov/), the Company's 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, 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 significantly differ from our
current expectations in the Risks and Uncertainties section.
DATASOURCE: CGI GROUP INC. CONTACT: Investors: Lorne Gorber,
Vice-President, Global Communications and Investor Relations, (514)
841-3355, ; Media: Peter Cutler, Director, Communications, (703)
227-6933,
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