The Nuclear Regulatory Commission (NRC) has awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a six-year, US$21.28 million contract to host its financial accounting and management systems in the CGI-hosted Momentum® Community Cloud, with the goal of reducing costs while increasing efficiencies.
Under the contract, CGI will transition NRC’s financial system, the Financial Accounting Integrated Management Information Systems (FAIMIS), from their current hosting provider to CGI’s Momentum Community Cloud infrastructure, consistent with the government’s commitment to maximize its return on investment on IT. Additionally, CGI will provide end-to-end application support, including help desk, maintenance, systems analysis, and training.
“Last year, we partnered with NRC to replace a dozen legacy financial systems with one integrated enterprise-wide system, streamlining their processes and increasing efficiency – to help them do more with less,” said Toni Townes-Whitley, Senior Vice-President, CGI. “Transitioning the NRC’s system to the cloud takes these efforts to the next level by helping them improve operations while ensuring their business functions remain affordable, flexible, and secure.”
The Momentum Community Cloud is built in CGI’s certified, secure cloud and provides a shared infrastructure that is dedicated to Momentum’s federal government ERP clients who have unique security and compliance requirements. Through this hosted solution, Momentum clients benefit from expedited deployment, financial predictability, faster upgrades, and greater return on investment. CGI delivers cloud solutions for both the government and commercial enterprise markets in the United States and Canada.
About CGI Federal Inc.
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, and intelligence missions. 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 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in Canada, the United States, Europe and Asia Pacific. As at December 31, 2011, CGI's annualized revenue was approximately $4.1 billion and its order backlog was approximately $13.6 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com/usfederal.
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 Canadian securities laws. These statements and this information represent CGI’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 or forward-looking information. These factors include but 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 IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s annual and quarterly Management’s Discussion and Analysis (“MD&A”), in CGI’s Annual Report, 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 the Company’s 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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