FAIRFAX, VA, July 18, 2017 - CGI (NYSE: GIB) (TSX: GIB.A) announced its selection by the Los Angeles County Office of Education (LACOE) for the modernization of financial and human resources IT systems that support California's largest Office of Education. Under a US$68.7 million, 5-year contract, CGI will deploy its CGI Advantage ERP solution, an enterprise resource planning (ERP) solution designed specifically for government and educational entities, that will improve access to financial and HR business data, provide a user-friendly interface and allow adaptability to evolving regulations that impact local school districts.
CGI will put decades of successful ERP deployment experience to work for the LACOE to help meet their goals for a modern, flexible system that allows more effective support of local educational agencies including school districts and community colleges throughout Los Angeles County.
LACOE is the nation's largest regional education agency and provides programs and support for more than 135 educational agencies and 1.5 million K-12 students in the Los Angeles County area. LACOE operates the payroll for approximately 150,000 employees with more than 300,000 job assignments and supports over 80,000 monthly payments for approximately 1.1 million active vendors.
"LACOE is revolutionizing the way they do business and selected CGI Advantage ERP as the best solution in the market to meet their goals. CGI brings deep expertise in built-for-public sector solutions to this project that will meet LACOE's need for flexibility and functionality with powerful new insights through improved data analytics," said Daniel Keene, Senior Vice-President of CGI's Advantage program.
CGI's Advantage ERP solution was selected as part of LACOE's Business Enhancement System Transformation (BEST) project, an initiative designed to "procure, implement and support an integrated, modern, intuitive financial and human capital management system." Deployment of CGI Advantage ERP will help LACOE leaders meet BEST strategic goals, which include local educational agencies' access to online data and reports through a highly adaptable and scalable system that meets end-user needs.
"We are proud to become part of a team that is dedicated to the important mission of effectively managing resources for schools, teachers and students in Los Angeles County," said Dave Delgado, Senior Vice-President and head of CGI's U.S. West operations. "We see this selection as validation of CGI's proven and innovative approach taken by state, local governments, and educational entities nationwide to modernize and unify complex legacy IT systems."
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.
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