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MONTREAL, Jan. 12 /CNW Telbec/ - CGI Group, Inc. (TSX: GIB.A; NYSE:
GIB), a leading provider of information technology (IT) and business
process services, has signed a 10-year extension and expansion of its
long-term partnership with Industrial Alliance Insurance and Financial
Services, Inc., valued at $137 million. CGI will continue to support
the strategic growth of Industrial Alliance, the fourth largest life
and health insurance firm in Canada, by becoming its preferred IT
vendor delivering a wide range of IT services.
"CGI and Industrial Alliance have been business partners for 15 years
because of the quality of the services CGI delivers and its approach to
doing business," said Guy Daneau, Vice-President, Information Systems.
"CGI professionals are not only highly skilled but thoroughly
understand our business and IT environment. In addition, the CGI
management team has always been very open and approachable, listening
to our needs and finding the most effective way to meet them."
"We are very proud to expand and strengthen our partnership with
Industrial Alliance," said Claude Marcoux, Senior Vice-President and
General Manager at CGI. "CGI is committed to Industrial Alliance's
long-term success, and we look forward to continuing to help drive its
profitable growth through our comprehensive IT services and insurance
expertise. We believe Industrial Alliance will also benefit from our
newly expanded Global Infrastructure offerings, designed to streamline
and optimize clients' IT infrastructure management and performance.
These services are provided by our newly formed Global Infrastructure
Services, Solutions and Consulting Business Unit operating globally to
service our customers."
Founded in 1976, CGI Group Inc. is one of the largest independent
information technology and business process services firms in the
world. CGI and its affiliated companies employ approximately
31,000 professionals. CGI provides end-to-end IT and business process
services to clients worldwide from offices and centers of excellence in
Canada, the United States, Europe, and Asia Pacific. As at September
30, 2010, CGI's revenue was C$3.7 billion and its order backlog was
C$13.3 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE
(GIB) and are included in both the Dow Jones Sustainability Index and
the FTSE4Good Index. Website: 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 Canadian securities
laws. These statements and this information represent CGI's 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 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 Annual Report on Form 40-F
filed with the U.S. Securities and Exchange Commission (filed on EDGAR
at www.sec.gov), the Company's 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. You
will find more information about the risks that could cause our actual
results to differ significantly from our current expectations in the
Risks and Uncertainties section.
SOURCE CGI GROUP INC.
For further information:
Manager, Investor Relations