CGI to help reduce risks, ensure operational excellence and support the Commission's long-term strategic initiatives
BRUSSELS, Sept. 27, 2017 - CGI (NYSE: GIB) (TSX: GIB.A) has been selected by the European Commission for a five-year contract valued at 64.9M€ to oversee IT quality assurance, quality control, and project management services for the Commission's Directorate General for Taxation and Customs Union (DG TAXUD). CGI's oversight of the IT systems and activities managed by or on behalf of DG TAXUD, will help to reduce risks, ensure operational excellence and support the DG TAXUD in successfully pursuing a number of strategic initiatives ahead.
The DG TAXUD develops and enforces the taxation and customs policies of the European Union (EU), playing an active role in preparing for the EU's enlargement and supporting a number of customs agreements with non-EU member states. CGI previously partnered with the DG TAXUD from 2005-2014, providing similar quality assurance services.
Under the new contract, CGI will define the quality standards against which other IT suppliers for the DG TAXUD are measured based on industry best practices and market trends, as well as maintain and evolve its overall IT quality management system (Tempo). Through this work, the DG TAXUD will benefit from enhanced taxation and customs procedures for citizens, businesses and other government parties, more effective fraud prevention, improved cross-border fluidity of goods, and support for strategic initiatives, including the EU's enlargement.
"We are very proud to be chosen to serve as the DG TAXUD's quality assurance partner for taxation and customs," said Vice-President Ben Vicca, who oversees CGI's operations in Belgium. "Systems quality is critical to the DG TAXUD's mission. Most of its IT systems are trans-European systems, spanning all EU countries, and their users are national administrations that govern major taxation and customs programs, trader communities and Commission services staff. The timely development, effective maintenance and ongoing evolution of these systems are essential to meeting legal and regulatory requirements and ensuring the smooth operation of complex taxation and customs programs. We look forward to helping the DG TAXUD fulfill its mission through our quality assurance expertise and end-to-end services."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 70,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services, including high-end business and IT consulting, systems integration, application development and maintenance and infrastructure management, as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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, and are "forward-looking information" within the meaning of Canadian securities laws. 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 but 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 press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, 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), and in 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.
For more information:
Investors and media
Executive Vice-President, Global Communications and Investor Relations
Vice-President, CGI in Belgium
+32 2 708 61 00