ALBERTA HEALTH AND WELLNESS MINISTRY RENEWS APPLICATION SERVICES CONTRACT WITH CGI
Alberta Health and Wellness and CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB)
today announced the signing of a four-year outsourcing contract renewal valued
at CDN$60 million. This contract extends and expands upon what was announced on
January 11, 2001.
As part of this contract, CGI will be responsible for managing and maintaining more than 100 information technology business applications including the Ministry’s critical systems providing health insurance plan registration, premiums and claims, health surveillance and business intelligence. CGI is providing the same services as the original contract but now supports additional applications. Over 100 CGI professionals are dedicated to this client.
Bill Clark, vice-president, Edmonton region for CGI said: “Alberta Health and Wellness has been an excellent client to work with over the last several years. We are very pleased to have the opportunity to continue to help Alberta Health and Wellness achieve their goals during a very important and challenging time for healthcare in Canada.”
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 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 the United States, Canada, Europe and India. CGI’s annualized revenue run-rate is currently US$3.0 billion and at June 30, 2005, CGI’s order backlog was US$10 billion. CGI’s shares are listed on the NYSE (GIB) and the TSX (GIB.SV.A). 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. These statements represent CGI Group Inc.’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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management’s Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form 40-F filed with the SEC, the Company’s Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. .
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