CGI Group Inc., (NYSE: GIB; TSX: GIB.A), a leader in IT and business process services, is pleased to announce the inauguration of its new offices in Bangalore. Located in Electronic City, the new office space will enable the expansion of CGI's high-end software and business process services.
With offices in Bangalore and Mumbai, India is an integral part of CGI's unique global delivery model capable of serving clients in multiple geographies from eleven Centers of Excellence around the world. CGI Group Inc., (NYSE: GIB; TSX: GIB.A), a leader in IT and business process services, is pleased to announce the inauguration of its new offices in Bangalore. Located in Electronic City, the new office space will enable the expansion of CGI's high-end software and business process services.
With offices in Bangalore and Mumbai, India is an integral part of CGI's unique global delivery model capable of serving clients in multiple geographies from eleven Centers of Excellence around the world. CGI began operations in India in 1991, one of the earliest North American companies to invest in operations in India. Today, CGI employs close to 2000 members in India between its Bangalore and Mumbai Centers of Excellence. CGI's global delivery expansion includes plans for more than 5000 people by 2011. The group's work in India is focused on high-end software design and development, application maintenance, business process services and infrastructure management.
"CGI's new offices in Bangalore are a hallmark of our growth in India. I am pleased to be here with our members to inaugurate our new offices," said Donna Morea, President, US and India. "India continues to play a vital role in support of our global client base as well as CGI's growth worldwide."
Among IT companies in India, CGI stands out with one of the lowest attrition rates, under 12%, and nearly half of CGI's new hires are referrals from existing members. The low attrition rate coupled with the experience of its workforce provides a high degree of continuity and service excellence to clients. With attractive benefits, a stock ownership plan, and opportunities to travel for projects to Canada, the U.S. and Europe, CGI has retained a highly experienced workforce for the benefit of its clients.
CGI in Bangalore is located at Tower 2, #95/2, Electronic City Phase 1 (west), Bangalore, India 560 100
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 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 North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.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.
CGI Forward- Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of sections 138.3 and following of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.'s ("CGI") 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 or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; 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's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in CGI's annual and quarterly MD&A and Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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For more information:
Investors
Lorne Gorber
Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
Media
Linda Odorisio
Vice-President, US Communications
linda.odorisio@cgi.com
703-227-6161
Srimoyi Bhattacharya
Managing Director
Peepul PR
sri@peepul.com
098331 85301
