
CGI-AMS ACQUIRES MPI PROFESSIONALS EXPANDING UPON FINANCIAL SERVICES EXPERTISE
New York, New York, August 10, 2005 -CGI-AMS Inc., the wholly-owned U.S. operating subsidiary of CGI Group Inc. (TSX:
GIB.SV.A; NYSE: GIB), today announced that it has completed the acquisition of
MPI Professionals. Founded in 2001, MPI is a privately-held, Manhattan-based
consulting and systems integration firm with revenues of US$17 million.
MPI specializes in project management, compliance, convergence, risk
management and straight-through processing for the financial services sector
with a specific focus in capital markets. MPI employs 80 senior-level
professionals.
“In order to continue to meet our clients evolving
requirements, we needed to align ourselves with a company that could help us
grow and build upon our services. We also wanted to provide our professionals
with expanded career opportunities moving forward. To achieve these goals, we
feel strongly that CGI-AMS is the right mix of culture and focus,” said Ron
Stein, managing partner of MPI.
George Schindler, senior vice president
and head of the CGI-AMS banking practice in New York added: “We are pleased to
welcome our new team members to CGI-AMS. We are excited about adding to our
existing practice in insurance and banking by bringing in new talent and client
relationships that will help us strengthen our practice. New York City, being a
locus for major capital markets firms, is certainly an excellent place for us to
capitalize on this opportunity.”
About CGI-AMS
CGI-AMS Inc. is
the wholly-owned U.S. operating subsidiary of CGI Group Inc. 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 Canada, the United States,
Europe, Asia Pacific as well as from centers of excellence in Canada, the US,
Europe and India. CGI’s annualized revenue run-rate is currently CDN$3.8 billion
(US$3.0 billion) and at June 30, 2005, CGI’s order backlog was CDN$12.9 billion
(US$10 billion). CGI’s shares are listed on the TSX (GIB.SV.A) and the NYSE
(GIB) and are included in the S&P/TSX Composite Index as well as the
S&P/TSX Capped Information Technology and MidCap Indices. 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. 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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For more
information:
CGI:
Investor relations
Jane
Watson
(514) 841-3200 or (416) 945-3616
Ronald White
(514)
841-3230
Media relations
Eileen Murphy
(514) 841-3430
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