The Treasury Board of Canada, Secretariat and CGI Group Inc. (NYSE: GIB, TSE:GIB.A) today announced the signing of a five-year contract, valued at CDN$7 million, to provide professional services for the development, implementation and operation of a system designed to support the operation of the new infrastructure program-Infrastructure Canada.
This program, which was announced in the Fall 1999 Speech from the Throne, represents a significant initiative by the Government of Canada to improve physical infrastructure in urban and rural regions across the country as part of its commitment to building a more dynamic economy and improving the life of Canadians. The initiative will be in the form of joint Municipal, Provincial and Federal Government undertakings, each sharing one third of the cost, with the Federal portion amounting to $2.6 billion over five years.
The Shared Information Management System for Infrastructure (SIMSI) is the technology support system that will assist the New Infrastructure Program management and stakeholders (municipalities, provinces and federal implementing agencies) in managing the thousands of projects that will eventually be in the program. The system will provide for project registration, project status information, milestone monitoring, benefits tracking and payment tracking. Special emphasis will be placed on due diligence analysis of the management of these projects and the provision of information that is relevant in this context. The new system will also provide for reporting to the various stakeholders and general public on the various facets of the infrastructure program.
Michael Roach, executive vice-president and general manager, Canada of CGI said: "We are very proud to be involved with such a far reaching initiative as Infrastructure Canada, as the results of our efforts will have a direct and positive impact on many Canadians." Mr. Roach added that this win further strengthens CGI's commitment to the Government of Canada as it continues to deliver quality services to several government entities in an effort to help its clients make technology more effective in meeting their business needs.
About CGI
Founded in 1976, CGI is the fifth largest independent information technology services firm in North America, based on its headcount of more than 10,000 professionals. CGI's order backlog totals approximately US$5.3 billion (CDN$8.2 billion) and its revenue run-rate is close to US$1 billion (CDN$1.5 billion). CGI provides end-to-end IT services and business solutions to 2,500 clients in the United States, Canada and more than 20 countries around the world. CGI's shares are listed on the NYSE (GIB), as well as on the TSE (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 index as well as the S&P/TSE Canadian Information Technology index. Web site: www.cgi.ca.
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 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; and other risks identified in Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s annual report or Form 40F filed with the U.S. Securities & Exchange Commission and the Company's Annual Information Form filed with Canadian securities commissions. All of the risk factors included in these filed documents are included here by reference. 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.
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(514) 841-3230
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