HÉROUX-DEVTEK AND CGI SIGN 10-YEAR CONTRACT RENEWAL AGREEMENT
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and
business process services and Héroux-Devtek, a leading Canadian manufacturer of
aerospace and industrial products, announced today that they have signed an
agreement worth approximately $12 million that will see their partnership
extended for an additional 10 year period.
Under the terms of the contract, CGI will continue to provide Héroux-Devtek with infrastructure management, application maintenance and desktop services.
“We have established a long-term partnership of trust with CGI, and we particularly appreciate its in-depth knowledge of both our industry and information technology. CGI has the know-how to provide us with the technological support we need to achieve our mission,” stated Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.
Michael Roach, President and Chief Executive Officer, CGI, added, “We are delighted to continue our long-term partnership with Héroux-Devtek. The awarding of this contract demonstrates the confidence that Héroux-Devtek has in us as well as the excellent communication that exists between our two organizations, which ultimately allows us to adapt our services to their needs.”
CGI combines robust technology management capabilities with quality processes and flexible global delivery options to create and manage technology infrastructures that address its clients’ top concerns. Organizations using CGI’s services are able to more easily comply with constantly evolving regulatory frameworks while controlling their costs and making judicious investments for the future.
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 26,500 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 December 31st, 2007, CGI's order backlog was $12.04 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 or 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.
Vice-President, Global Communications and