CGI announced the signing of an outsourcing contract with IPSCO, whereby CGI will operate the Regina-based steel producer's mainframe systems while also supporting its local area networks and desktops. For CGI, the three-year agreement is expected to generate total revenues of approximately CDN$15 million.
"We are pleased to have signed this agreement with CGI," said Charles Backman, IPSCO's Senior Vice-President and Chief Administration and Engineering Officer. "IPSCO was looking for a solid IT partner, with the skills and desire to meet its needs across the Canadian and U.S. markets. CGI fulfils our requirements and has a culture of flexibility that blends well with IPSCO's approach to business."
Jean Brassard, CGI's President and COO, added that: "CGI is delighted to have IPSCO among its client base. IPSCO wanted to do business with an IT services provider capable of handling its IT needs including PCs, mini computers and mainframes. As companies, we have a lot in common, including our strong focus on the U.S. market."
About CGI
Based on its annualised revenue run-rate of CDN$1.5 billion, CGI is the largest independent information technology consulting firm in Canada and the fifth largest in North America. CGI's more than 10,000 professionals provide end-to-end IT services and business solutions to some 2,500 clients in Canada, the United States and 23 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto and Montreal exchanges (GIB.A). Web site: www.cgi.ca.
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For more information:
CGI
Ronald White
Investor and Media Relations
(514) 841-3230
ronald.white@cgi.ca
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.
