CGI Extends and Expands its Long-Term Partnership with Industrial Alliance
CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology (IT) and business process services, has signed a 10-year extension and expansion of its long-term partnership with Industrial Alliance Insurance and Financial Services, Inc., valued at $137 million. CGI will continue to support the strategic growth of Industrial Alliance, the fourth largest life and health insurance firm in Canada, by becoming its preferred IT vendor delivering a wide range of IT services.
“CGI and Industrial Alliance have been business partners for 15 years because of the quality of the services CGI delivers and its approach to doing business,” said Guy Daneau, Vice-President, Information Systems. “CGI professionals are not only highly skilled but thoroughly understand our business and IT environment. In addition, the CGI management team has always been very open and approachable, listening to our needs and finding the most effective way to meet them.”
“We are very proud to expand and strengthen our partnership with Industrial Alliance,” said Claude Marcoux, Senior Vice-President and General Manager at CGI. “CGI is committed to Industrial Alliance’s long-term success, and we look forward to continuing to help drive its profitable growth through our comprehensive IT services and insurance expertise. We believe Industrial Alliance will also benefit from our newly expanded Global Infrastructure offerings, designed to streamline and optimize clients’ IT infrastructure management and performance. These services are provided by our newly formed Global Infrastructure Services, Solutions and Consulting Business Unit operating globally to service our customers.”
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 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in Canada, the United States, Europe, and Asia Pacific. As at September 30, 2010, CGI's revenue was C$3.7 billion and its order backlog was C$13.3 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) 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 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.
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Manager, Investor Relations