CGI renews its contract with Yellow Pages Group for more than $100 Million
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services, announces that Yellow Pages Group, Canada's leading local commercial search provider, is extending and expanding its contract with CGI until 2019. This extension is valued at more than $100 million.
As part of this 10-year contract, CGI will manage the applications and infrastructure of Yellow Pages Group's computer network, as well as other projects, namely business intelligence and the optimization of the company's research tools.
"We've been benefiting from CGI's excellent service and vast IT experience for several years, so we did not hesitate to renew our contract," said Yvan Proteau, Chief Information Officer, Yellow Pages Group. "CGI's Web data research system management skills will enable us to reach new heights and maintain our competitive advantage."
"We're proud to be able to keep contributing to the evolution and expansion of Yellow Pages Group's activities and maximize returns on their IT investments," said Claude Marcoux, Senior Vice-President and General Manager, Quebec and Ottawa, CGI. "This contract extension shows CGI's commitment to building long-lasting, strategic partnerships, where our clients and their results are our top priority."
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.
About Yellow Pages Group
Yellow Pages Group is Canada's leading local commercial search provider. Each year, it publishes more than 340 Yellow Pages™ and residential directories. YPG also owns and operates Canada's most visited online directories - YellowPages.ca™
and Canada411.ca™ along with CanadaPlus.ca™ , a network of seven local city sites. YellowPages.ca™ can be accessed on mobile devices and through mobile applications on BlackBerry®, Apple iPhone™ and Google’s Android™.Yellow Pages Group is indirectly held by Yellow Pages Income Fund (TSX: YLO.UN). For more information, visit www.ypg.com or for recent news on the Company, follow http://twitter.com/yellowpages_ca.
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.
For more information:
Vice-President, Communications and Investor Relations
Senior Manager, Corporate Communications
Yellow Pages Group