CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI
Group Inc., (NYSE: GIB; TSX: GIB.SV.A), and FedBid, Inc., the online
marketplace for public sector commodity buys, announced today that they
have signed a Strategic Alliance Agreement. The goal of the agreement
is to provide federal customers with a more comprehensive procurement
solution by integrating FedBid's online marketplace with CGI Federal's
financial and acquisition management software.
The business
alliance between FedBid and CGI Federal allows the two companies to
leverage each other's complementary procurement services, user base,
and market position.
"By establishing this partnership, both companies are now in the
position to offer our federal customers the ability to dynamically
compete their requirements for a broad range of IT products and
services," said Gregg Mossburg, CGI Federal Vice President.
About CGI Federal
CGI Federal (www.cgi.com/usfederal)
is a wholly-owned U.S. operating subsidiary of CGI Group Inc.,
dedicated to providing effective IT solutions for Federal Government
agencies by combining over 30 years of government experience and
technology skills. Founded in 1976, CGI Group Inc. ("CGI") is the
eighth largest independent information technology and business process
services firm in the world. CGI and its affiliated companies employ
approximately 25,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices in Canada,
the United States of America ("US"), Europe, Asia Pacific as well as
from centers of excellence in Canada, the US, Europe and India. CGI's
annualized revenue run rate is currently CDN$3.6 billion (US$3.1
billion) and at December 31, 2005, CGI's order backlog was
CDN$12.9 billion (US$11.1&nbbillion), or $14.0 billion
(US$12 billion) including the BCE contract extensions signed in January
2006. CGI's shares are listed on the TSX (GIB.SV.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.
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. 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
authorities, 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, which speak only as of the
date on which they are made. In particular, statements relating to
future revenue from outsourcing contracts are forwardlooking
statements. CGI disclaims any intention or obligation to publicly
update or revise any forwardlooking statements, whether as a result of
new information, future events or otherwise. Readers are cautioned not
to place undue reliance on these forward-looking statements.
For more information:
Media relations
John Alejandro
Director, corporate communications
703-267-5931
CGI Federal
Peter Cutler
Director, communications
703-633-8973
