CGI announced today the signing of a five-year, renewable full IT outsourcing contract with Bell Canada International (BCI). As part of this agreement, which has a total value of CDN$3.6 million, CGI will provide BCI with application support and management services and will assist in the evolution of its IT function.
"We are delighted that BCI selected us to provide it with full IT outsourcing services," said Serge Godin, CGI's Chairman and CEO. "We believe that CGI's telecom expertise will prove useful, both for BCI's current projects and in future development work."
Derek H. Burney, BCI's Chairman and CEO, added that: "BCI is pleased to enter into this long-term partnership with CGI. We needed an IT partner with a solid understanding of our industry and the ability to support our evolving needs. As our supplier, CGI has an excellent service record and we expect to realize synergies together."
Based on its revenue run-rate, CGI is the fifth largest independent information technology consulting firm in North America and the largest in Canada. It provides end-to-end IT services and business solutions to 2,000 clients in Canada, the United States and 20 countries around the world. CGI has 9,000 professionals, an annualized revenue-run rate of CDN$1.5 billion and an order backlog totaling approximately CDN$7 billion. The company currently has proposals outstanding for an additional CDN$4 billion in potential large contracts. 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 100 indexes. Web site: www.cgi.ca.
BCI is in the business of building and developing world-class communications companies in markets outside of Canada, with a focus on Latin America and the Asia-Pacific region. The company's affiliated operations provide a range of high quality and innovative services to over 3.6 million subscribers in eight countries, primarily via digital, wireless networks. A subsidiary of BCE Inc., Canada's largest communications company, BCI is listed on the Montreal and Toronto stock exchanges under the symbol BI, and on the Nasdaq National Market under the symbol BCICF.
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.
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For more information:
CGI
Ronald White
Investor and Media Relations
(514) 841-3230
ronald.white@cgi.ca
