CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a leading provider of information technology and business process services, today announced a new contract with the County of Los Angeles, California for phase four of its enterprise financial and human resource management application modernization project. The County utilizes CGI’s built-for-government enterprise resource planning (ERP) solution, AMS Advantage®. The phase four contract is valued at US$63 million over 10 years.
Since 2004, Los Angeles County, the largest county in the U.S., has partnered with CGI on the first phases of its highly successful ERP modernization. During this next phase, CGI and the County will implement additional AMS Advantage functionality to continue to enhance information flow as well as data transparency. The County will install CGI’s vendor self-service module to significantly ease interaction between the County and its 255,000 vendors as well as integrate electronic content management (ECM) for improved countywide document handling and storage. CGI will continue to provide the County with Managed Advantage program services for application support and maintenance.
“While many other government entities have failed or faced delays and cost overruns, Los Angeles County and CGI have achieved significant success implementing our ERP system on-time and on-budget while also eliminating numerous legacy systems and their related costs,” said Robert Davis, Assistant Auditor-Controller, County of Los Angeles, California.
“The County wisely developed a long term ERP modernization strategy and implemented it in a phased approach,” said Dave Delgado, Vice-President, Southern California, CGI. “CGI is proud of the tremendous success we have achieved together thus far through this partnership and applaud the County’s leadership which has resulted in optimal user acceptance and high satisfaction levels.”
About CGI’s AMS Advantage
From states, cities, counties and school districts, CGI’s AMS Advantage ERP solution works for government at all levels and has helped public sector clients better serve 90+ million citizens. Designed specifically for state and local government, the solution incorporates CGI’s 35 years of expertise and experience in the public sector market. AMS Advantage helps governments achieve the highest level of accountability while enhancing services to their constituents through integrated functionality, workflow and configurable processes. The result is significantly increased efficiency, improved access to information and reduced total cost of ownership.
About CGI
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 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centres of excellence in the United States, Canada, Europe and Asia Pacific. As at June 30, 2011, CGI's annualized revenue was approximately C$4.2 billion and its order backlog was approximately C$12.7 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
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 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 Report on 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. You will find more information about the risks that could cause our actual results to differ significantly from our current expectations in the Risks and Uncertainties section.
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For more information:
Investors
Lorne Gorber
Senior Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
Media
Linda Odorisio
Vice-President, US Communications
linda.odorisio@cgi.com
703-267-8118
