CGI AWARDED $27 MILLION CONTRACT FROM CENTERS FOR MEDICARE & MEDICAID SERVICES
CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc.,
(NYSE: GIB; TSX: GIB.A) today announced that the U.S. Department of Health and
Human Services, Centers for Medicare & Medicaid Services (CMS) has chosen
CGI to implement CMS’ Provider Enrollment Chain and Ownership System (PECOS)
One-Stop-Shop release. The two year effort, valued at approximately $27 million,
will significantly enhance PECOS and enable state governments to voluntarily
adopt it as the Medicaid enrollment system for all providers and suppliers.
PECOS is already the established system of record for Medicare providers and
One-Stop-Shop represents the first information technology initiative to process Medicare and Medicaid business transactions at the national level since Medicare’s and Medicaid’s inception in 1965. In conjunction with the states, One-Stop-Shop will create a consolidated provider enrollment form to establish a common basis for much of the data collected while at the same time providing the flexibility, if necessary, to support state specific data that can be seamlessly integrated into the system. “While time and money will be saved as a result of increased operational efficiency, a major value to CMS, the states, providers/suppliers and US taxpayers will be a reduction in Medicare and Medicaid fraud and abuse,” said Dave Collignon, Vice-President, Public Sector Health, CGI.
“CMS has been a customer of CGI since 1998 and we are pleased that they are continuing to partner with us to help improve Medicare and Medicaid program efficiency,” said George Schindler, President, CGI Federal. “CGI brings its healthcare program expertise at both the national and state level to this important effort. CGI’s business is satisfying clients and this opportunity is an affirmation of the quality of work that CGI delivers to CMS. We look forward to continuing to support CMS through One-Stop-Shop and our other initiatives.”
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 26,000 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 $3.7 billion and at September 30th, 2007, CGI's order backlog was $12.0 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, 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 or 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. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
Vice-President, Global Communications
and Investor Relations