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OTTAWA, Aug. 27 /CNW Telbec/ - 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.
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: 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 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 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 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.
For further information:
For further information: Investors: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, (514) 841-3355, email@example.com