- CGI delivers full Information Technology services to Spar Aerospace for $4.6 million per year
- CGI's order book now at more than $1 billion
Spar Aerospace and the CGI Group Inc. today announced a long-term strategic partnership under which CGI will manage the delivery of all IT services -- currently handled internally. The multi-year agreement is valued at $25.3 million. CGI will support Spar's current software applications and complete all systems integration tasks further to managing the firm's information processing facilities located in Brampton (Ontario) and Ste-Anne-de-Bellevue (Quebec). Spar's IT related personnel will be integrated within CGI's own work force.
"We are very pleased with the relationship which we have built with Spar over the past few months,'' said Serge Godin, Chairman and Chief Executive Officer of CGI. ''Spar is a growing organization with a clear sense of direction and a leader, known for quality and reliability in a world-class, technology-driven industry which represents one of our main target markets. We believe this partnership provides Spar with access to technological solutions that will further its growth."
"CGI offered Spar an excellent support program that gives us the flexibility and quality of service that a global high technology company such as ours needs, but that we cannot necessarily afford to maintain internally on an on-going basis," said Mark C. Steinman, Senior Vice-President and Chief Financial Officer of Spar. "This agreement gives us the support we need as well as timely advice regarding new trends from a software and hardware perspective and their implications on our processes and our organization. More importantly, it represents a significant cost savings for us."
Spar is a leading Canadian advanced technology company with businesses in the aerospace, communications, aviation and defence and software industries. Operations are located in North America, Europe and the Pacific Rim, and nearly 70% of revenues are derived outside Canada. It is listed on the Toronto and Montreal stock exchanges. Stock symbol: SPZ. Website address: www.spar.ca.
CGI is the largest Canadian-owned independent information technology consulting firm with 2,700 specialists and annualized revenue of $300 million. It provides end-to-end IT services and business solutions to more than 1,800 clients throughout Canada and elsewhere in the world. CGI is listed on the Toronto and Montreal stock exchanges. Stock symbol: GIB.A.
Following the recent acquisition of CDSL Holdings and the obtention of a series of major systems integration and IT outsourcing contracts, the company's order book is now valued over the strategic $1 billion mark.
For more information:
Public Affairs
CGI Group Inc.
(514) 841-3230
