Stock market symbols
Partnership will reduce costs and risks while enhancing flexibility, productivity and continuous improvement
EDMONTON, Aug. 23, 2016 /CNW Telbec/ - CGI (TSX: GIB.A) (NYSE: GIB) has been selected by Alberta Human Services as the Ministry's exclusive partner for the delivery of application management services (AMS). Alberta Human Services consolidated its vendor relationships and chose CGI as its sole AMS supplier based on a competitive process. The new, five-plus year contract, which significantly expands CGI's scope of work, is valued at $30.4 million.
CGI's mandate under the new contract is to provide AMS operational support to ensure high levels of application stability and responsiveness, AMS enhancements, the introduction of innovations that will improve business value, streamline operations and help on-going support of applications, through a newly formed Innovation Office, and application development services through separate application development teams.
"We are proud of our long-term partnership with Alberta Human Services which began back to 2002, and honored to expand our relationship through this new contract," said Shawn Derby, Senior Vice-President of CGI's Western Business Unit in Canada. "CGI has decades of experience in managing application services for major organizations in both the private and public sectors and a proven track record of delivering expected business outcomes through our experts, frameworks and tools. We look forward to continuing to help Alberta Human Services drive its performance and meet its strategic goals."
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, and 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 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 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 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.
SOURCE CGI Group Inc.
For further information: Investors: Lorne Gorber, Executive Vice-President, Global Communications and Investor Relations, [email protected], +1 514-841-3355; Media: Yvonne Gibson, Vice-President, Marketing and Communications, [email protected], +1 416-304-7233