CGI-AMS Inc., the wholly-owned U.S. operating subsidiary of CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB), announced today that CGI-AMS's financial management system, Momentum 6.0, has been certified by the U.S. Government's Financial Systems Integration Office (formerly the U.S. Government's Joint Financial Management Improvement Program) as meeting its requirements.
The Financial Systems Integration Office sets the financial management standards required to implement objectives of the President's Management Agenda, which specifically identifies improving financial performance as one of five government-wide goals to enhance federal management. Release 6.0 combines the robust functional capabilities of Momentum with the latest in Web technology. This technology upgrade greatly improves the system's interactions and navigation techniques and provides the federal financial management community with efficient tools to continue to improve its financial performance.
”This certification demonstrates CGI-AMS's continued commitment to the Momentum solution and provides a alternative expressly designed for government by people with deep federal financial management domain knowledge,” said Donna Morea, CGI-AMS president. “Through Momentum 6.0, our federal agency customers will be able to set a new standard of excellence when it comes to delivering financial information that is crucial to their decision-making processes.”
Momentum 6.0 extends beyond the government's core financial system requirements to support complex federal financial management activities, including the full federal budget cycle and the complete federal acquisition life cycle. Since 1985, more than 60 customers have deployed CGI-AMS's federal financial management systems, and with this certification all of these customers now have a clear upgrade path to the Web-enabled Momentum 6.0.
CGI-AMS Inc. is the U.S. wholly-owned operating subsidiary of CGI Group Inc. Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in India and Canada. CGI's annualized revenue run rate is currently CDN$3.8 billion (US$3.0 billion) and at December 31, 2004, CGI's order backlog was CDN$13 billion (US$10.3 billion). CGI's shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
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