CGI Announces Contract Extension to 2017 with Daimler Financial Services
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of end-to-end information technology and business process services, has extended its relationship with Daimler Financial Services (DFS) by an additional 5 years to 2017. CGI provides a full end-to-end applications management service for international Vehicle Asset Financing providing DFS with a cost-effective service to streamline and standardize its business processes, while at the same time maximizing operational savings by utilizing CGI’s industry leading outsourcing services.
“DFS is pleased to extend this contract and looks forward to a much improved business partnership with CGI, especially with its new upgraded status as a Preferred Supplier,” said Markus Sontheimer, Director IT Financial Services and Sales. “CGI has been a long term partner of DFS and we will further develop our working relationship to share our goals and provide quality services. We expect to maximize on CGI’s knowledge and expertise and work together to help DFS remain the first choice provider of financial services for our dealers and customers.”
“CGI has been a provider to Daimler for over 8 years and is pleased to once again strengthen this relationship”, said Joe Saliba, President Europe and Australia, CGI. “We are pleased that Daimler Financial Services have extended our agreement and continues to look to CGI to meet their long term IT needs. This multi-million euro contract extension strengthens our relationship even further and will serve as foundation to expand and deepen our partnership with Daimler.”
In collaboration with Daimler, CGI is commercializing Phoenix for the worldwide asset finance market. Lead from its delivery centres in the United Kingdom, CGI is leveraging DFS’ specialist financing knowledge and CGI’s market leading financial solutions and IT development expertise to incorporate Phoenix into CGI’s financial solutions portfolio. With Daimler as its charter customer, CGI’s initial target market is asset financing for the automotive and other high value manufacturing industries.
Founded in 1976, CGI 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 in over 100 offices across 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annualized revenue run rate is currently $3.8 billion and as at June 30, 2009, its order backlog was $11.8 billion. CGI's shares are listed on the TSX (GIB.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, and are “forward-looking information” within the meaning of sections 138.3 and following of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.’s (“CGI”) 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 and 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 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’s Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in CGI’s annual and quarterly MD&A and 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.
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Vice-President, Global Communications and Investor Relations