$91.5M contract to support and modernize 165+
applications
Fairfax, Virginia, May 30, 2012-
CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a leading provider
of information technology and business process services,
today announced that the City of San Diego, CA has selected
CGI to serve as the provider of application development and
maintenance services for the City's 165+ applications
spanning 18 departments. The contract is valued at US$91.5
million, which includes an initial five-year base period
and a two-year renewal extension.
CGI's locally-based delivery experts will assume full
responsibility for day-to-day development and maintenance
of the city's diverse application portfolio, allowing the
City's core staff to focus on priority citizen-facing
services.. CGI experts will bring service level agreements
and IT governance processes to drive performance and
efficiency improvements. Technology innovation, a goal of
the City's IT sourcing strategy, will be driven by CGI to
guide enhancements and modernization of the portfolio. The
City will benefit from CGI's industry-leading tools and
processes to enhance service quality as well as significant
depth and breadth from skilled application developers.
"This contract is strategic to crafting the next generation
of application services for the City of San Diego," said
Jeff Leveroni, Director of Information Technology, City of
San Diego. "I'm looking forward to working with CGI to
increase performance, create efficiencies and reduce costs
for the City."
"CGI is pleased to welcome the City of San Diego as its
newest government client and looks forward to a successful
partnership," said Dave Delgado, CGI Senior Vice-President.
"As the City moves forward with the implementation of their
IT sourcing strategy, CGI is committed to providing the
governance, support and performance that will enable
transformation and cost savings."
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process
services firms in the world. CGI provides end-to-end
services with approximately 31,000 professionals located in
offices and centres of excellence in the United States,
Canada, Europe and Asia Pacific. As at March 31, 2012,
CGI's annualized revenue was approximately $4.3 billion
and its order backlog was approximately $13.1 billion. CGI
shares are listed on the NYSE (GIB) and the TSX (GIB.A) 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 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.
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For more information:
Investors
Lorne Gorber
Senior Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
Media
Linda Odorisio
Vice-President, US Communications
linda.odorisio@cgi.com
703-267-8118