CGI Awarded US$52 Million Contract for Operations & Maintenance Support for GSA's Pegasys Financial Management System
May 14 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) FAIRFAX, VA, May 14
/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 has been selected by the U.S.General
Services Administration (GSA) to provide operations and maintenance
(O&M) support and software upgrades for the agency's Pegasys
financial management application. The contract is valued at US$52
million over five years. GSA's Pegasys financial management system,
which is hosted in CGI's Phoenix Data Center, is based on CGI's
market leading Momentum(R) financial management software. It
supports users from 11 regions across the country and the
processing of nearly 20 million transactions totaling over US$24
billion annually. Under this contract, CGI will provide project
management, production support, testing, development and
implementation support as well as software upgrades and
maintenance. "CGI has over 10 years of success in providing Pegasys
technical support and software maintenance to GSA," said George
Schindler, President, CGI Federal. "CGI is in the business of
satisfying clients. We are proud that GSA has once again chosen CGI
as its partner to support the Pegasys system." 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 25,500
professionals in over 100 offices across 16 countries. 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 $3.8 billion and at
March 31, 2009, CGI's order backlog was $12.0 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, 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 on 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, 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. 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,
Copyright