CGI SELECTED BY COTT FOR IT OUTSOURCING
10-YEAR CONTRACT VALUED AT US$155 MILLION
CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) announced today that it has been selected by Cott Corporation (NYSE:COT;TSX:BCB) for a 10-year information technology (IT) outsourcing contract valued at approximately US$155 million (CDN$210 million).
CGI will manage all Cott's IT operations serving Canada, the United States, Mexico and the United Kingdom. Responsibilities will include application development, maintenance and support, systems integration and completion of Cott's enterprise resource planning system implementation. Seventy five Cott IT professionals will be joining CGI.
"We need a partner with both the scope and scale to support our IT requirements as we continue to grow. Working with CGI we have created a flexible agreement that brings improved service, a rigorous IT governance model and savings. It all makes sense." said Raymond P. Silcock, executive vice-president and chief financial officer of Cott.
Michael Roach, president and COO of CGI added: "We are pleased to welcome Cott as a new CGI client. Both CGI and Cott are high growth companies and we look forward to growing together as partners. Cott made a decision to create additional shareholder value through outsourcing their IT and we are committed to ensuring that they will receive maximum value by benefiting from CGI's expertise including our global delivery model."
About Cott Corporation
Cott Corporation is the world's largest retailer brand soft drink supplier, with the leading take-home, carbonated soft drink market shares in this segment in its core markets of the United States, Canada and the United Kingdom. Website: www.cott.com.
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. 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 India and Canada. CGI's annualized revenue run rate is currently CDN$3.8 billion (US$2.8 billion) and at March 31, 2004, CGI's order backlog was CDN$12.0 billion (US$9.1 billion). CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the TSX Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.com.
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. These statements represent CGI Group Inc.'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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; 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 Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. .
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