CGI Announces Contract Extension to 2017 with Daimler Financial Services
October 13 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) BERLIN, Germany, Oct.
13 /PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE:
GIB), a leading provider of end-to-end information technology and
business process services, has extended its relationship with
Daimler Financial Services (DFS) by an additional 5 years to 2017.
CGI provides a full end-to-end applications management service for
international Vehicle Asset Financing providing DFS with a
cost-effective service to streamline and standardize its business
processes, while at the same time maximizing operational savings by
utilizing CGI's industry leading outsourcing services. "DFS is
pleased to extend this contract and looks forward to a much
improved business partnership with CGI, especially with its new
upgraded status as a Preferred Supplier.", said Markus Sontheimer,
Director IT Financial Services and Sales. "CGI has been a long term
partner of DFS and we will further develop our working relationship
to share our goals and provide quality services. We expect to
maximize on CGI's knowledge and expertise and work together to help
DFS remain the first choice provider of financial services for our
dealers and customers." "CGI has been a provider to Daimler for
over 8 years and is pleased to once again strengthen this
relationship", said Joe Saliba, President Europe and Australia,
CGI. "We are pleased that Daimler Financial Services have extended
our agreement and continues to look to CGI to meet their long term
IT needs. This multi-million euro contract extension strengthens
our relationship even further and will serve as foundation to
expand and deepen our partnership with Daimler." In collaboration
with Daimler, CGI is commercializing Phoenix for the worldwide
asset finance market. Lead from its delivery centres in the United
Kingdom, CGI is leveraging DFS' specialist financing knowledge and
CGI's market leading financial solutions and IT development
expertise to incorporate Phoenix into CGI's financial solutions
portfolio. With Daimler as its charter customer, CGI's initial
target market is asset financing for the automotive and other high
value manufacturing industries. 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: Lorne Gorber,
Vice-President, Global Communications and Investor Relations,(514)
841-3355,
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