Plexxus and CGI Sign 5 Year $33M Agreement for IT and Application Managed Services
Plexxus, and CGI Group Inc. (TSX: GIB.A; NYSE: GIB), announced today the signing of a 5 year (68 month), $33.6M agreement. Under this agreement, CGI will support Plexxus in the design, build, implementation and management of on-going IT services including SAP supply chain and finance systems for Plexxus, a not-for-profit organization and its 12 member hospitals.
“Plexxus selected CGI because we believe they have the flexibility and industry experience we require,” said David Yundt, President and CEO, Plexxus. “As we move forward, we’re confident that CGI will provide us with cost effective, reliable and agile IT services that will help enable us to achieve our business objectives.”
Plexxus’ mandate is to provide business support solutions to its member healthcare organizations that improve service levels and maximize non-clinical efficiencies, resulting in savings that can be reinvested in direct patient care. In choosing CGI to support development and operation of its SAP shared service solution, Plexxus will transform supply chain and transactional finance services for its members.
“From the outset, CGI was conscious that Plexxus requires a complete financial and supply chain management system that allows its member hospitals greater control over purchasing power and cost management through a shared system,” said Doug McCuaig, President, Canada, CGI.
CGI provides a full suite of health IT solutions that reduce operating costs, advance the quality of care, and promote health with an emphasis on shared services tailored to the healthcare sector, electronic health records (EHR), health information exchange (HIE), chronic disease management (CDM), quality initiatives and operational efficiency improvements. As a trusted health IT services partner, governments, provincial ministries, hospitals, health systems, HIE organizations and health insurers rely on CGI's healthcare solutions and services to achieve success. Website: www.cgi.com/healthcare.
Plexxus is a not-for-profit shared service organization. Its mandate is to provide supply chain, as well as transactional finance, human resources and payroll services to member healthcare organizations. The objectives of Plexxus are to improve service levels and maximize non-clinical efficiencies, resulting in savings for members that can be reinvested in direct patient care. In its last fiscal year Plexxus returned $6.9 million in savings to its member hospitals.. For more information, visit www.plexxus.ca
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 Canada, the United States, Europe and Asia Pacific as well as from centers of excellence in North America, Europe and India. As of June 30, 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.
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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