
CGI Announces US$135 Million Award from Centers for Medicare & Medicaid Services to Maintain and Enhance Medicare Advantage & Part D Systems
Fairfax, Virginia, March 17, 2009 -CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI
Group Inc., (NYSE: GIB; TSX: GIB.A) announced today that it was awarded
the Medicare Advantage & Part D (MA & Part D) Maintenance and
Enhancement Services contract by the Centers for Medicare &
Medicaid Services (CMS). The award, which was made under CMS’
Enterprise Systems Development (ESD) IDIQ contract, is valued at US$135
million over five and one half years if all optional components are
exercised.
“The Medicare Advantage & Part D systems are central to CMS’s
mission to support millions of Medicare beneficiaries,” said George
Schindler, President, CGI Federal. “CGI is proud to continue our strong
partnership with CMS.”
“CGI’s updates to the MA & Part D systems will enhance its
performance and scalability as enrollments continue to rise,” added
Cheryl Campbell, Vice-President, US Healthcare, CGI.
CMS developed the MA & Part D systems to support the legislatively
mandated Medicare Modernization Act (MMA), which includes prescription
drug benefits for Medicare recipients. These systems handle the complex
data and transaction processing that is shared by the government
agencies, plan providers, pharmacies, and retirement plans. CGI’s
services and support will be delivered from its offices in the
Baltimore metro area as well as from its Southwest Virginia Delivery
Center of Excellence in Lebanon, VA.
About CGI Federal
CGI Federal (www.cgi.com/usfederal)
is a wholly-owned U.S. operating subsidiary of CGI Group Inc.,
dedicated to providing effective IT solutions for federal government
agencies by combining over 30 years of government experience and
technology skills. Founded in 1976, CGI Group Inc. is one of the
largest independent information technology and business process
services firms in the world. 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 North America, Europe and India. CGI's annual revenue run
rate stands at $4.0 billion and at December 31, 2008, CGI's order
backlog was $11.4 billion. CGI 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.
CGI 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. These statements and this
information represent CGI’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 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 IT industry; general economic and business conditions,
foreign exchange and other risks identified in the 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), the Company’s 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. You will find more information about the risks that could
cause our actual results to significantly differ from our current
expectations in the Risks and Uncertainties section.
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For more information:
Investors
Lorne Gorber
Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
Media
Peter Cutler
Director, Communications
peter.cutler@cgifederal.com
703-227-6933
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