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CGI Qualifies for US$4 Billion Medicare/Medicaid Contract
Sep 24, 2007 (08:09 AM EDT)
FAIRFAX, VA, Sept. 24 /PRNewswire-FirstCall/ - CGI Federal, Inc., (CGI) a wholly-owned U.S. operating subsidiary of CGI Group Inc., today announced that it was one of 8 large business IT service providers selected by the Department of Health and Human Services, Centers for Medicare & Medicaid Services (CMS) to bid on up to US$4 billion in work to be awarded under CMS's Enterprise Systems Development (ESD) IDIQ contract.
CMS is responsible for administering Medicare, Medicaid and State Children's Health Insurance programs. The ESD contract will be used to modernize and maintain CMS's IT platform that is used to process and track millions of claims annually. The ESD contract covers systems development and integration, system and application engineering and technical support to improve the automated systems and agency-wide applications of the Health and Human Services Department.
"CMS has been a client of CGI since 1998," said Cheryl Campbell, Vice-President, CGI and account manager for CGI's ESD contract. "We are pleased that they continue to have confidence in our ability to provide them with state-of-the-art solutions and services, and we look forward to participating in the bidding process."
CGI supports several critical mission functions for CMS, including the agencies' www.medicare.gov website as well as providing support and enhancements to the Health Plan Management System - a Web-enabled centralized information system used to analyze Plan level quality of care, benefit packages, financial management data, and compliance monitoring. CGI also provides support for several systems under CMS' Office of Financial Management, including the development and implementation of the Provider Enrollment Chain and Ownership System, which is the national enrollment system for all Medicare providers in the U.S that provides a single, centralized database to track individuals, organizations and their relationships across the entire Medicare program.
"This opportunity is an affirmation of the quality of work that CGI has been performing," said George Schindler, President, CGI Federal. "We are excited to be able to focus on enterprise development for CMS and the opportunity to continue to help them upgrade their IT infrastructure. We look forward to competing for, and winning, a substantial portion of the work to be awarded under this contract."
About CGI Federal
CGI Federal (www.cgi.com\usfederal) is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to providing effective IT solutions for federal government agencies by combining over 30 years of government experience and technology skills. 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 25,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion (US$3.5 billion) and at June 30th, 2007, CGI's order backlog was $12.4 billion (US$11.6 billion). CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com .
CGI 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 sections 138.3 and following of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.'s ("CGI") 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 and 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 information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis ("MD&A") in CGI's Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov www.sedar.com ), and in CGI's annual and quarterly MD&A and Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at ), 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. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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