CGI (NYSE: GIB) (TSX: GIB.A) announced that it has been awarded a six-year, US$530 million task order contract to continually enhance the cybersecurity posture and risk awareness of federal government agencies participating in the U.S. Department of Homeland Security's (DHS) Continuous Diagnostics and Mitigation (CDM) Dynamic and Evolving Federal Enterprise Network Defense - Group C (DEFEND C). The contract was awarded via the U.S. General Services Administration's Alliant government-wide acquisition contract through an acquisition conducted by GSA FEDSIM.
CGI will help strengthen participating agencies' overall cybersecurity posture by providing new cybersecurity capabilities and cost-effective solutions via standardized security stacks. The company will also improve visibility and insight into the cyber risks present at agencies through a centralized view of security risk across the government infrastructure. Once completed, the federal government will have a significantly improved view of the overall risk posture posed by the Group C agencies' digital resources.
"As a program, DHS' CDM effort has to be one of the largest cross-agency efforts to secure the Federal Government's IT infrastructure," said CGI Senior Vice-President Stephanie Mango. "CDM epitomizes the best of the shared services model, and we are delighted by the confidence that GSA, DHS and the Group C Agencies have entrusted to CGI to be part of this historic effort."
The contract furthers the Credential Management (CREDMGMT) work CGI has already provided, on behalf of CDM Phase 2, to collect data on every user connecting to the network for 26 agencies, providing many agencies the first holistic view of their entire user population. Phase 2 is ongoing and scheduled for completion later this calendar year.
The CDM program offers a dynamic approach to fortifying the cybersecurity of government networks and systems. The program provides DHS—along with other federal agencies—with the capabilities and tools to identify cybersecurity risks on an ongoing basis, prioritize these risks based on potential impacts and then enable personnel to mitigate the most significant problems first. Congress established the CDM program to provide adequate, risk-based and cost-effective cybersecurity and more efficiently allocate cybersecurity resources.
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest independent IT and business consulting services firm in the world. With 73,000 professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With annual revenue of C$10.8 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com
Forward-looking information and statements
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic conditions, and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws, our ability to negotiate favorable contractual terms, to deliver our services and to collect receivables, and the reputational and financial risks attendant to cybersecurity breaches and other incidents; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled "Risk Environment" of CGI's annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.
For more information:
Investors
Lorne Gorber,
Executive Vice-President,
Investor and Public Relations,
lorne.gorber@cgi.com,
+1 514-841-3355
Media
Jennifer Goodman Horowitz,
Vice-President,
Marketing & Communications,
jennifer.horowitz@cgifederal.com,
+1 703-227-4636
