The Government of Canada and CGI Sign a 4-Year, $78 Million Contract Extension for Engineering and Technical Services
August 27 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) www.cgi.com/newsroom
OTTAWA, Aug. 27 /PRNewswire-FirstCall/ -- CGI Group Inc. (TSX:
GIB.A; NYSE: GIB), a leading provider of information technology and
business process services announces a 4-year, $78 million
extension, as per the provisions of the Engineering and Technical
Services (ETS) contract it currently holds with the Government of
Canada. This extension was in addition to the initial $91.8 million
contract which was awarded to CGI following a competitive Request
for Proposal (RFP) process. Since contract award, the Company has
been working with Public Works and Government Services Canada
(PWGSC) to define, scope and implement Results Base Services (RBS)
through a CGI managed services delivery model. The contract,
originally signed in 2007, now includes an extension to move the
existing Resource Based ETS contract to a managed-services model,
with a focus on outcomes, effective July 1, 2009. "More and more
government agencies are moving towards a longer-term managed
services model with companies they rely on to help them succeed in
their mission," said Hicham Adra, Senior Vice-President and General
Manager, National Capital Region. "CGI has been supplying IT
services to the Government of Canada for over 25 years. We have a
strong track record in government, and we look forward to
continuing that with the services provided to PWGSC." With over
5,000 professionals dedicated to the public sector and more than $1
billion in revenue from this sector, CGI is one of the largest IT
and business process services providers to government in Canada and
the United States. The company serves the federal government and
75% of provincial and territorial governments in Canada. This deep
expertise enables public sector clients to modernize and transform
with services and solutions that improve the citizen experience,
increase efficiency and improve accountability. About CGI Founded
in 1976, CGI is one of the largest independent information
technology and business process services firms in the world. CGI
and its affiliated companies employ approximately 26,000
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 of America, Europe, Asia
Pacific as well as from centers of excellence in North America,
Europe and India. CGI's annualized revenue run rate is currently
$3.8 billion and as at June 30, 2009, its order backlog was $11.8
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.
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,
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