CGI (NYSE: GIB – TSX: GIB.A) is pleased to announce the signing of a new application management contract with EDP until 2017. The contract covers the management of distribution and energy management systems and processes and is valued at approximately 14 million euros.
“In the last year, EDP has developed a new model of ‘application sourcing’, and this agreement renews our relationship with CGI as a trusted partner in this area,” said Vergílio Rocha, EDP's director of information systems.
“We are very proud to continue working as EDP's partner in developing, maintaining and evolving its mission-critical information systems,” said Paulo Magro da Luz, vice-president of energy and utilities sector for CGI in Portugal. “This new agreement renews our position as EDP’s strategic partner in the applications area.”
The agreement will generate significant cost savings for EDP by aligning its application service provision model with new technology and service trends. CGI will deliver services through its Iberian Global Delivery Center, which has hubs in Lisbon and Malaga. CGI’s broader network of global delivery centers will also be accessed, as necessary.
Application services will be provided in key distribution and energy management areas, including network management, asset management, georeferencing and monitoring, and smart network management. The systems involved, which CGI has managed over the last decade, are critical components of EDP's business architecture and are supported by global technology solutions provided by companies such as SAP and General Electric, as well as CGI.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 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, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog of approximately C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).Website: www.cgi.com.
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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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