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SUNDSVALL, Sweden, April 3,
2023 /CNW/ - CGI (NYSE: GIB) (TSX: GIB.A) has entered
into an agreement with the Swedish Social Insurance Agency
(Försäkringskassan) to support its strategic business
transformation program through digital systems development. CGI
will partner with the agency on its program initiatives to
modernize its operations and provide a higher level of service to
citizens by digitizing core processes and citizen interactions. The
initial two-year agreement is valued at approximately SEK 500 million (CAD $64.9
million), with options to extend up to another two
years.
The Swedish Social Insurance Agency is one of Sweden's largest authorities, overseeing major
portions of the country's social security system, including health
insurance, child welfare, and more. With much of its work involving
direct interaction with citizens, the agency also is a leader among
Swedish public organizations in driving more efficient service
delivery through automated systems.
"We are excited to collaborate with the Swedish Social Insurance
Agency. The systems and services we will help Försäkringskassan to
develop will touch most Swedish citizens at one time or another,
creating a positive impact not only on the agency but also on
Swedish society as a whole." said Torsten Strass, President of
Scandinavia and Central Europe
operations at CGI.
CGI has extensive experience in working with governments across
Europe, North America, and Asia-Pacific to transform citizen
interactions, improve operational excellence, and reduce costs.
Since 1976, the company has partnered with more than 2,000
government entities across 15 countries, driving value through
successful transformation programs supported by end-to-end IT and
business consulting services.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 90,250
consultants and professionals across the globe, CGI delivers an
end-to-end portfolio of capabilities, from strategic IT and
business consulting to systems integration, managed IT and business
process services and intellectual property solutions. CGI works
with clients through a local relationship model complemented by a
global delivery network that helps clients digitally transform
their organizations and accelerate results. CGI Fiscal 2022
reported revenue is $12.87 billion
and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Learn more at cgi.com.
Forward-looking information and statements
This press release contains "forward-looking information" within
the meaning of Canadian securities laws and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
United States safe harbours. All
such forward-looking information and statements are made and
disclosed in reliance upon the safe harbour provisions of
applicable Canadian and United
States securities laws. Forward-looking information and
statements include all information and statements regarding CGI's
intentions, plans, expectations, beliefs, objectives, future
performance, and strategy, as well as any other information or
statements that relate to future events or circumstances and which
do not directly and exclusively relate to historical facts.
Forward-looking information and statements often but not always use
words such as "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", "predict", "project", "aim",
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thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic and political conditions, additional external risks (such
as pandemics, armed conflict, climate-related issues and inflation)
and our ability to negotiate new contracts; risks related to our
industry such as competition and our ability to develop and expand
our services, to penetrate new markets, and to protect our
intellectual property rights; risks related to our business such as
risks associated with our growth strategy, including the
integration of new operations, financial and operational risks
inherent in worldwide operations, foreign exchange risks, income
tax laws and other tax programs, our ability to attract and retain
qualified employees, to negotiate favourable contractual terms, to
deliver our services and to collect receivables, to disclose,
manage and implement environmental, social and governance (ESG)
initiatives and standards, as well as the reputational and
financial risks attendant to cybersecurity breaches and other
incidents, and financial risks such as liquidity needs and
requirements, maintenance of financial ratios, interest rate
fluctuations and the discontinuation of major interest rate
benchmarks and changes in creditworthiness and credit ratings; as
well as other risks identified or incorporated by reference in this
press release, in CGI's annual MD&A and in other documents that
we make public, including our filings with the Canadian Securities
Administrators (on SEDAR at www.sedar.com) and the U.S. Securities
and Exchange Commission (on EDGAR at www.sec.gov). For a discussion
of risks in response to the coronavirus (COVID-19) pandemic, see
section titled Pandemic risks of our annual MD&A. Unless
otherwise stated, the forward-looking information and statements
contained in this press release are made as of the date hereof and
CGI disclaims any intention or obligation to publicly update or
revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. While we
believe that our assumptions on which these forward-looking
information and forward-looking statements are based were
reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes. Further
information on the risks that could cause our actual results to
differ significantly from our current expectations may be found in
the section titled Risk Environment of CGI's annual
MD&A, which is incorporated by reference in this cautionary
statement. We also caution readers that the above-mentioned risks
and the risks disclosed in CGI's annual MD&A and other
documents and filings are not the only ones that could affect us.
Additional risks and uncertainties not currently known to us or
that we currently deem to be immaterial could also have a material
adverse effect on our financial position, financial performance,
cash flows, business or reputation.
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SOURCE CGI Inc.