CGI Selected for Stage One Contract for State of California’s Financial Information System for California (FI$Cal) Project
CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a leading provider of information technology and business process services, today announced a Stage One contract from the State of California to participate in a seven-month “fit-gap” project to transform and integrate the State’s financial management and procurement operations. CGI is one of three companies selected to participate in the Stage One project.
CGI will utilize their built-for-government AMS Advantage® enterprise resource planning (ERP) solution for the Financial Information System for California (FI$Cal) project. FI$Cal will provide California with a single, integrated financial management system environment – optimizing business management of the State. Through this Stage One analysis, CGI will fine-tune the AMS Advantage ERP system to create a prototype based on the business requirements and processes of the State. CGI and the State will work together to identify the fits and gaps based on the system requirements.
“As an ERP leader for federal, state and local governments for more than 30 years, CGI offers the State of California unrivaled domain expertise, backed by a commitment to delivery excellence,” said Donna Morea, President of CGI for the U.S., Europe and Asia. “This is another hallmark award for CGI and I am confident our AMS Advantage ERP solution will optimize results for the State.”
“With more than 25 years of experience working with the State of California, CGI has a deep understanding of State processes, culture and systems,” said Josetta Bull, Vice-President of CGI California Public Sector. “CGI has an unparalleled track record of on-time, on-budget deliveries for the most complex governments across the nation and we look forward to demonstrating how our built-for-government ERP is the best-fit, low-risk solution for California.”
About CGI’s AMS Advantage
From states, cities, counties, and school districts, CGI’s AMS Advantage ERP solution works for government at all levels and has helped public sector clients better serve 90+ million citizens. Designed specifically for state and local government, the solution incorporates CGI’s 30 years of expertise and experience in the public sector market. AMS Advantage helps governments achieve the highest level of accountability while enhancing services to their constituents through integrated functionality, workflow and configurable processes. The result is significantly increased efficiency, improved access to information and reduced total cost of ownership.
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 at 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 sections 138.3 and following of the Ontario Securities Act. 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 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 IT industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, 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 significantly differ from our current expectations in the Risks and Uncertainties section.
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