U.S. Railroad Retirement Board awards CGI US$21 million contract to transition its financial system to the Momentum® Community Cloud
The U.S. Railroad Retirement Board (RRB) has awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a US$21 million contract to transition and host its financial management system in the CGI Momentum® Community Cloud. The award includes one implementation year, one base year, and nine option years, for a potential of 11 years.
Under the contract, CGI will convert the RRB’s legacy financial management system to the Momentum Community Cloud, built in CGI’s certified-secure cloud. CGI will deliver end-to-end support, including conversion, training, change management, hosting, and maintenance.
“CGI has partnered with the RRB on its financial management objectives for nearly 20 years, so moving to the cloud is the next step,” said Toni Townes-Whitley, Senior Vice-President for Civilian Agency programs at CGI. “Through this hosted solution, the RRB will create an integrated system that improves security, increases efficiency, and enhances their access to financial data for informed decision making.”
About CGI Federal Inc.
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, and intelligence missions. Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 72,000 members located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. Further to the recent completion of the Logica acquisition, CGI’s annualized revenue is approximately C$10.4 billion, with an estimated order backlog of approximately C$17.6 billion; CGI’s shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in the FTSE4Good Index. Website: www.cgi.com/usfederal.
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Senior Vice-President, Global Communications and Investor Relations
Vice-President, US Communications