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CGI signs a five-year end-to-end managed services contract with Dessau
Jul 23, 2010 (08:07 AM EDT)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) www.cgi.com/newsroom
MONTREAL, July 23 /PRNewswire-FirstCall/ - CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology (IT) and business process services, signed a five-year $28 million contract with Dessau to ensure the management of its technological infrastructure as well as application support and development. Dessau, a private company based in Quebec, operates in the areas of engineering and construction, management and execution of major infrastructure projects in Canada and abroad. More than 50 Dessau IT professionals will join the CGI team in Montreal.
"Given our growth objectives, it's important for us to have an IT partner of scale to support the execution of our plan," said Mr. Marc Godin, Dessau's Senior Vice-President and Chief Financial Officer. "CGI's approach convinced us of the relevance of managed services as a means to support our growth."
"We are very pleased to add Dessau as a new client and proud they decided to entrust CGI as their IT partner," said Mr. Claude Marcoux, Senior Vice-President and General Manager, Québec and Ottawa. "We look forward to supporting their growth objectives and improving their IT efficiencies."
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 26,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in the United States, Canada, Europe and Asia Pacific as well as from centers of excellence in North America, Europe and India. As of March 31, 2010, CGI's order backlog was $11.4 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow Jones Sustainability World Index and the FTSE4Good Index. 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 Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), 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. You will find more information about the risks that could cause our actual results to differ significantly from our current expectations in the Risks and Uncertainties section.
SOURCE CGI GROUP INC.