ALBERTA HEALTH AND WELLNESS SELECTS CGI FOR CDN$25 MILLION, FIVE-YEAR OUTSOURCING CONTRACT
Alberta's ministry of Health and Wellness and CGI Group Inc. (TSE: GIB.A; NYSE: GIB) today announced they have signed a letter of intent for a five-year applications maintenance outsourcing contract valued at CDN$25 million. A transition project began January 2 and full responsibility for applications support will be effective on April 1, 2001.
As part of this contract, CGI will support the Department's legacy systems, client server applications and Web-based applications. As the client develops new systems and applications, CGI will also support and enhance them. CGI will dedicate over 40 highly trained professionals, many of whom have over ten years of experience, to this project.
"We need continued stability and high availability in our application systems," said Susan Watson, director of IT at Alberta Health and Wellness. "CGI has brought together a strong team with excellent credentials. They are bringing strong management approaches, methodologies and support processes which we expect to result in continued high customer satisfaction. They will provide us with full access to information which will enable us to provide these services in the most efficient and cost effective manner possible. We are looking forward to working with CGI to help us meet our goal of providing Albertans with access to the best possible health care system solutions supported by a stable and secure IT environment."
Mike Roach, CGI's executive vice-president and general manager, Canada added: "We are very pleased about this contract as it strengthens CGI's position as a premier supplier of application maintenance services. CGI's commitment to quality combined with our expertise in application maintenance processes allows us to add significant value to Alberta Health and Wellness heading into a period of substantial system change. We look forward to working with the Department to assure the quality of delivery and availability of their critical information systems." Mr Roach added that this contract demonstrates CGI's commitment to Western Canada as the company furthers its presence in this important and growing market.
Founded in 1976, CGI is the largest independent Canadian information technology consulting firm and the fifth largest in North America, based on its headcount of close to 10,000 professionals. CGI's order backlog totals approximately CDN$7.0 billion and its revenue stands at CDN$1.4 billion. CGI provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 100 index as well as the S&P/TSE Canadian Information Technology index. Web site: www.cgi.ca.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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, and other risks identified in Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s annual report or Form 40F filed with the US Securities & Exchange Commission and the Company's Annual Information Form filed with Canadian securities commissions. All of the risk factors included in these filed documents are included here by reference. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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