4-year partnership on 'Commission 2.0' will replace Clerk's Information System and align business processes to better use technology
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FAIRFAX, VA, March 5, 2015 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced that it has been selected by the Virginia State Corporation Commission (SCC) to partner on Commission 2.0, a major initiative to modernize the SCC's systems, processes, and reporting to better serve the needs of Virginia's businesses. The contract is valued at US$32.5 million over four years.
The SCC operates with broad regulatory authority over businesses and economic interests in Virginia, a mandate that ranges from setting rates for investor-owned utilities to serving as the central filing office for business entities in the Commonwealth.
The Commission 2.0 program will improve and standardize business processes and enterprise access to critical documents and data. CGI brings technology expertise and business insight that will help the SCC achieve productivity gains, enhance customer service and deliver a modernized platform that responds to evolving business needs. Technology platform standardization will improve long term maintainability for the Commonwealth.
"For nearly 20 years, CGI has been a trusted business and IT services partner to the Commonwealth of Virginia, where it has created jobs and supported local economies as an active corporate citizen," said CGI Senior Vice President Mark Boyajian. "We've demonstrated an ability to partner with the Commonwealth on successful programs and will continue to deliver on our commitment to the SCC's important public mission."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 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 a wide range of proprietary 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"), in CGI's Annual Report, 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 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.
SOURCE CGI Group Inc.
For further information: Investors: Lorne Gorber, Senior Vice-President, Global Communications and Investor Relations, [email protected], 514-841-3355; Media, Linda Odorisio, Vice-President, US Communications, CGI, [email protected], 703-267-8118