$39 million contract extends CGI's enterprise resource planning (ERP) partnership with state through 2026
Stock Market Symbols
FAIRFAX, VA, Sept. 13, 2016 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the award of a contract from the State of Maine that extends the company's scope of work for the Office of the State Controller through 2026 with US$39 million of added revenue. Through one of its many flexible delivery models for CGI Advantage® ERP, Managed Advantage, CGI will provide managed services and solutions that strengthen cloud security, improve financial management and streamline case workflow for 139 state agencies.
"The state will benefit from CGI's innovative private-cloud approach to reduce risk and deliver to our needs," said Maine's State Controller Doug Cotnoir. "The solution offered us the ability to leverage CGI's knowledge and experience without the need for us to provide our own infrastructure, security or technical expertise. This approach provides us the greatest level of efficiency and keeps our focus and attention on serving the needs of the state."
CGI has been a trusted IT partner to Maine since 1989, when the state implemented CGI Advantage Financial Management, a solution that modernized outdated systems plagued by redundant data entry points, slow processing times and a reliance on paper transactions. In 2005 the state once again chose CGI to upgrade its systems to the web-based solution featuring a centralized and integrated finance, budget and procurement environment. During this modernization, the state consolidated systems and streamlined processes, achieving greater efficiency and control through real-time budgeting information and the introduction of online forms, workflow processes and approvals. The new system was launched on-time and on-budget in 2007 and has since been serving 139 state agencies – and more than 100,000 vendors – including the departments of Education, Environmental Protection, Human Resources, Labor, Public Safety and Transportation, and the Treasurer.
CGI's innovative and secure cloud-based ERP model offers Maine a long-term solution that enables ongoing innovation and responsiveness to the state's current and future IT requirements. As part of a commitment to deliver innovation and predictable maintenance costs in the coming years, a local team of CGI professionals will continue to provide service based on in-depth knowledge of the state's systems.
"Maine is one of many states that have partnered with CGI for ERP modernization, reflecting our long-term investment in ERP technologies over the last four decades," said Daniel Keene, Senior Vice-President of CGI's Advantage program. "CGI's ERP solution is built-for-government, specifically to meet the processing, regulatory and funding requirements unique to the public sector."
"We are thrilled to extend our partnership with the State of Maine and demonstrate the power of our cloud-based services," said Steve Starace, Senior Vice President of CGI's U.S. Northeast operations. "Having been honored as a "Best Fit Integrator" from the Center for Digital Government for our work in Maine in 2012, CGI will continue its strong commitment to the State through building on a legacy of IT innovation and outstanding service to the Office of the Controller."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
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 Canadian securities laws. These statements and this information represent the intentions of CGI and Sears Canada, plans, expectations and beliefs, and are subject to important 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 but 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 press release, in CGI's and Sears Canada's annual and quarterly Management's Discussion and Analysis ("MD&A") and in other public disclosure documents filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), 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 and Sears Canada disclaim 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.
SOURCE CGI Group Inc.
For further information: Investors: Lorne Gorber, Executive Vice-President, Global Communications and Investor Relations, email@example.com, +1 514-841-3355; Media: Linda Odorisio, Vice-President, Global Communications, firstname.lastname@example.org, +1 703-267-8118