CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology (IT) and business process services, has entered into an agreement with Atlantic Lottery Corporation for a seven-year IT managed services contract valued at approximately $125 million. Headquartered in Moncton, New Brunswick, Atlantic Lottery is a government-owned organization that operates lottery games throughout Atlantic Canada.
CGI, Canada’s largest IT services firm, will manage Atlantic Lottery’s data center, and will provide related application support and development. In addition, approximately 80 Atlantic Lottery IT professionals will join CGI’s Atlantic Canadian team of 800 professionals. CGI will continue serving Atlantic Lottery from Moncton, as part of its ongoing commitment to creating jobs in local markets.
“Several months ago we issued an RFP to seek to understand how external vendors could support Atlantic Lottery in achieving world-class capabilities in the area of IT. We received several quality responses, which underwent a rigorous review process, and from that pool of vendors, CGI was identified as the clear leader with world-class capabilities to support Atlantic Lottery’s needs today and into the future,” said Michelle Carinci, President and CEO, Atlantic Lottery. “CGI as our IT partner can provide us with both the local support and global resources we need to achieve our overall business objectives.”
“CGI looks forward to not only enhancing Atlantic Lottery’s performance through innovative IT solutions, but also to providing its IT professionals with expanded career opportunities,” said Jay MacIsaac, Senior Vice-President, Atlantic Canada, CGI. “Moreover, Atlantic Lottery is a great calling card to pursue further business in Atlantic Canada. This partnership will benefit the overall economy of Atlantic Canada as CGI continues to invest in the region because of the access to great IT talent and overall competitive business environment.”
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 26,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in the United States, Canada, Europe and Asia Pacific as well as from centers of excellence in North America, Europe and India. As of March 31, 2010, CGI's order backlog was $11.4 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow Jones Sustainability World 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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Vice-President, Global Communications and Investor Relations
Director, Media Relations