CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a leading provider of information technology and business process services, today announced that the City of San Diego, CA has selected CGI to serve as the provider of application development and maintenance services for the City’s 165+ applications spanning 18 departments. The contract is valued at US$91.5 million, which includes an initial five-year base period and a two-year renewal extension.
CGI’s locally-based delivery experts will assume full responsibility for day-to-day development and maintenance of the city’s diverse application portfolio, allowing the City’s core staff to focus on priority citizen-facing services.. CGI experts will bring service level agreements and IT governance processes to drive performance and efficiency improvements. Technology innovation, a goal of the City’s IT sourcing strategy, will be driven by CGI to guide enhancements and modernization of the portfolio. The City will benefit from CGI’s industry-leading tools and processes to enhance service quality as well as significant depth and breadth from skilled application developers.
“This contract is strategic to crafting the next generation of application services for the City of San Diego,” said Jeff Leveroni, Director of Information Technology, City of San Diego. “I’m looking forward to working with CGI to increase performance, create efficiencies and reduce costs for the City.”
“CGI is pleased to welcome the City of San Diego as its newest government client and looks forward to a successful partnership,” said Dave Delgado, CGI Senior Vice-President. “As the City moves forward with the implementation of their IT sourcing strategy, CGI is committed to providing the governance, support and performance that will enable transformation and cost savings.”
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI provides end-to-end services with approximately 31,000 professionals located in offices and centres of excellence in the United States, Canada, Europe and Asia Pacific. As at March 31, 2012, CGI's annualized revenue was approximately $4.3 billion and its order backlog was approximately $13.1 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
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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