Six year partnership has led to expanded business capabilities, reduced IT costs
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FAIRFAX, VA, May 12, 2015 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced that the State of Louisiana's Division of Administration, Office of Technology Services has extended its partnership with CGI to deliver IT services for programs, including Road Home, managed by the Office of Community Development/Disaster Recovery Unit (OCD/DRU). The contract renewal is valued at US$19 million over three years.
Established in the wake of Hurricanes Katrina and Rita and expanded to include efforts related to Hurricanes Gustav and Ike, the Road Home program seeks to provide financial assistance to property owners and is the largest single housing recovery program in U.S. history. CGI supports these programs, like Road Home, with comprehensive IT governance and oversight; application development and maintenance; IT help desk and asset management; and IT infrastructure management. CGI's team includes Louisiana-based partners Sparkhound and Blue Streak Technologies.
"Over the past six years, our partnership with CGI has enabled us to expand business capabilities, reduce IT operational costs, and most importantly, help the state better support Louisiana citizens affected by various storms," said Richard Howze, Chief Information Officer, State of Louisiana.
"CGI is pleased to continue its partnership with the State supporting its ongoing disaster recovery operations," said Dave Henderson, Senior Vice-President, CGI. "We appreciate Louisiana's ongoing confidence in our ability to deliver efficient, responsive services for the State and its impacted citizens."
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 of 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.
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