CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB;) today announced the signing of a five-year information technology contract with Domtar Inc. valued at CDN$18.5 million. CGI will manage and support the client's mainframe and mid-range environment including hosting the infrastructure for some 42 servers, providing server management services as well as managing the hardware.
Michael Roach, president and chief operating officer for CGI added: "We are delighted to welcome Domtar as a new client and pleased that they have chosen us for their very first IT outsourcing contract. As clients, like Domtar, grow and evolve their operations, our role as IT partner is to help them in their planning and decision-making to ensure that the technology decisions are in line with the growth strategy. This win is another nearshore example of how we can bring value to our clients by serving US-based facilities from Canada via our global delivery model."
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of 13,700 professionals. CGI's annualized revenue run-rate totals CDN$2.1 billion (US$1.3 billion). CGI's order backlog currently totals CDN$10.7 billion (US$6.7 billion). CGI provides end-to-end IT services and business solutions to more than 3,000 clients worldwide from more than 60 offices. CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB). They are included in the TSX 100 Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent CGI Group Inc.'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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information:
Vice-president, investor relations
Director, investor relations
Director, media relations