CGI Group Inc. (TSX: GIB.A) (NYSE: GIB), a leading provider of information technology and business process services, is pleased to announce the extension and expansion of its IT outsourcing contract with Bombardier Recreational Products Inc. (BRP) for 10 years, at an estimated value of $74 million.
Since 2007, CGI has successfully managed BRP’s mission critical infrastructure environment for SAP, e-commerce applications and public Websites. CGI was also responsible for the support, evolution and project delivery for BRP’s customer portal that allows its dealers and distributors to do business from around the world.
Based on its successful track record, BRP has decided to broaden the partnership to better respond to evolving global business demands, to optimize value from IT investments and to enable business transformation.
“CGI is a proven partner with the expertise, solutions, capacity and scale we need to respond rapidly and effectively to the evolving needs of our business,” said Réal Deslauriers, BRP's vice-president, Information Systems. “Through its office in Sherbrooke and its global delivery model, CGI is now considered our partner of choice who can provide thought leadership, local and global resources at competitive pricing, reducing both our risks and IT costs.”
“We are excited and proud to call BRP our flagship client in the Eastern Townships region,” said Guy Vigeant, Senior Vice-President, Greater Montreal. ”Our Sherbrooke-based team, combined with resources in Montreal and offshore, are providing BRP the expertise and agility needed to achieve their desired business results.”
Bombardier Recreational Products Inc. (BRP), a privately held company, is a world leader in the design, development, manufacturing, distribution and marketing of motorised recreational vehicles. Distributed in more than 100 countries, its portfolio of brands and products includes: Ski-Doo and Lynx snowmobiles, Sea‑Doo watercraft, Evinrude outboard engines, Can-Am all‑terrain and side-by-side vehicles and roadsters, as well as Rotax engines. BRP also provides parts and service to Sea-Doo boat and Johnson outboard engine owners. BRP employs approximately 6,500 people worldwide. www.brp.com
Ski-Doo, Lynx, Sea-Doo, Evinrude, Johnson, Can-Am, Rotax and the logo BRP are trademarks of Bombardier Recreational Products Inc. and its affiliates.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 71,000 members located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. Further to the recent acquisition of Logica, CGI’s annualized revenue is in excess of C$10 billion, with an estimated order backlog of approximately C$18.3 billion; its shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the FTSE4Good Index. 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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