Air Canada and CGI today announced the signing of an agreement based on which CGI will support, maintain and assist in the evolution of the airline's Peoplesoft enterprise resource planning system for finance, human resources and pay systems. The agreement, which extends over a five-year period, is expected to generate revenue of approximately $18 million for CGI.
"We are pleased to have entered into this agreement with CGI," said Lise Fournel, Air Canada's Vice President, Information Services. Air Canada and CGI today announced the signing of an agreement based on which CGI will support, maintain and assist in the evolution of the airline's Peoplesoft enterprise resource planning system for finance, human resources and pay systems. The agreement, which extends over a five-year period, is expected to generate revenue of approximately $18 million for CGI.
"We are pleased to have entered into this agreement with CGI," said Lise Fournel, Air Canada's Vice President, Information Services. "We wanted a partner with an established track record in the management of Peoplesoft ERP systems, and one with the resources to meet all of our needs across Canada in a timely fashion."
Serge Godin, CGI's Chairman and CEO, added that: "CGI has demonstrated expertise in the selection, implementation and day-to-day management of leading enterprise applications software solutions. We also have a team of 100 ERP specialists, a coast-to-coast infrastructure and a management applications outsourcing centre that is the largest of its kind in Canada."
As part of this agreement, Air Canada will have access to CGI's full-fledged competency centre in Montreal. CGI specialists will also support Air Canada in Montreal, Toronto and Winnipeg with change management, applications production and system enhancement services, in addition to user support.
Air Canada is Canada's largest airline, employing 23,000 people across Canada and internationally. The Montreal-based carrier and its regional subsidiaries offer passenger and cargo operations to 120 destinations world-wide and served more than 14 million customers in 1997. Air Canada is a founding member of Star Alliance.
CGI is the largest independent information technology consulting firm in Canada and the sixth largest in North America. It provides end-to-end IT services and business solutions to some 2,000 clients in Canada, the United States and in 20 countries around the world. CGI has 8,000 professionals, an annualized revenue-run rate of $1.2 billion and an order backlog totalling approximately $6.5 billion. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto and Montreal exchanges (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 200 indexes.
All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.
This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report or Form 40F filed with the SEC and its Annual Information Form filed with Canadian securities commissions, which important factors are included here by reference.
For more information:
Air Canada
Nicole Couture-Simard (Montreal) (514) 422-5788
John Hamilton (Toronto) (416) 323-5576
Sandie Dexter (Vancouver) (604) 643-5660
CGI
Ronald White
Investor and Media Relations
(514) 841-3200
