CGI announced today that it has acquired the Quebec City Systems division of Geomat International, previously known as BCGT. As a result, thirteen IT professionals specialized in the design and development of geographic information systems (GIS) have joined CGI's Quebec City office.
"We are very pleased to welcome this group of highly skilled professionals to our team," said Guy Laberge, CGI's Executive Vice-President and General Manager, Quebec. "Several sectors, including municipalities, public utilities and forestry, are relying increasingly on geographic data to support their operations and growth strategies and therefore, this sector is growing very rapidly."
Also, when merged with electronic distribution technologies like the Internet, geographic data opens new and very stimulating possibilities for CGI's clients in areas such as finance, insurance and distribution. CGI now has the expertise to develop the full potential of this new market segment for the benefit of its clients. In Canada, the geomatics industry, including remote sensing, mapping and GIS, generates annual revenues of CDN$2 billion, of which $600 million in export markets.
Over a period of more than 12Â years, the Systems division of Geomat International in Quebec City has developed a broad offering of IT services for geomatics and supported its private and public sector clients in the successful implementation of business solutions in Canada and internationally.
CGI is the largest independent information technology consulting firm in Canada and the fifth largest in North America, based on its revenue run rate of CDN$1.6 billion. Its order backlog totals approximately $7.2 billion and the company currently has proposals outstanding for an additional $4 billion in potential large contracts. CGI has 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and 23 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB) and Toronto Stock Exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca
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.
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For more information:
Ronald White
Director, Investor and Media Relations
CGI
(514) 841-3200
