CGI Awarded US$43 Million Contract to Update GSA's Billing and Accounts Receivable System
CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX: GIB.A) announced today that it has been selected by the General Services Administration (GSA) to update the agency's legacy billing and accounts receivable modules. Full life cycle services and infrastructure hosting are included in this five-year contract, valued at over US$43 million.
The foundation of CGI's solution for the GSA Billing and Accounts Receivable (BAAR) initiative is a sophisticated billing engine designed and built specifically for federal billing processes. Included will be a suite of Web services that will integrate this solution with partnering applications using Services Oriented Architecture (SOA). GSA trading partners will have the ability to access the solution via a web-based bill presentment function that complements GSA's existing implementation of CGI's Momentum® software. Upon implementation, BAAR will have approximately 1,100 GSA users and 5,000 customers completing 1.5 million transactions per month.
"CGI is committed to support GSA's mission of excellence in the business of government," said CGI Federal President George Schindler. "This award is recognition of CGI's continued leadership in providing managed services to the federal government using our Momentum financial management system."
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 the United States, Canada, 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.
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