The United States Department of Agriculture (USDA) recently announced that the General Service Administration’s (GSA) shared service offering of CGI Federal Inc.’s (CGI) (NYSE: GIB; TSX: GIB.A) Momentum financial, budget, asset and procurement platform has completed transition to USDA stewardship. USDA is committed to offer Momentum as a Federal Shared Service, available across federal agencies as part of an ongoing U.S. initiative to improve return on investment, eliminate waste and improve the effectiveness of government IT solutions.
“We are excited that a designated Shared Service Provider will carry CGI’s Momentum offering,” said Timothy Hurlebaus, President, CGI Federal. “By partnering with the USDA, we are able to provide federal customers with a trusted, proven and comprehensive solution that drives government efficiency and creates value for taxpayers.”
Federal Shared Services are part of an ongoing effort by the Office of Management and Budget and Department of Treasury to increase sharing of IT solutions and processes. Through the use of shared services, agencies achieve a higher degree of standardization, cost savings and the ability to more effectively focus on core missions and services. As a new addition to the USDA’s shared services portfolio, CGI’s Momentum offers a highly secure software platform built specifically for the unique requirements of the federal government that is already in use by more than 100 customers across all branches of government.
“Already a well-respected provider of human resources, payroll, and financial management services, the USDA today strengthens its commitment to Federal Shared Service clients through access to a CGI solution that features maximum flexibility in the most dynamic agency environments,” said Stephanie Mango, CGI Federal Vice President and ERP Practice leader. “For CGI, this opportunity complements our current Shared Services Practice, which includes similar offerings for agencies looking to leverage our market-leading solutions, customer service and commitment to effective government operations.”
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 the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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.
For more information:
Senior Vice-President, Global Communications and Investor Relations
Vice-President, Global Communications