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STOCKHOLM, Sweden, March 29, 2016 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) has entered into a contract with the Swedish Social Insurance Agency for the delivery of application development and maintenance services to support its transformation to a more modern, citizen-centric organization. The partnership is part of the Social Insurance Office's objective to establish long-term relationships with a small number of trusted digital transformation partners. The five-year agreement is valued at approximately 500 million Swedish Krona (approx. CAD $80 million), with an option to extend for two years.
Over the past few years, the Social Insurance Agency has focused on a set of business transformation initiatives to modernize its operations and improve the citizen experience by providing a higher level of service through the digitalization of core processes, which have provided results such as reduced processing times and accelerated payments. The Social Insurance Agency is currently a leader among Swedish public organizations in terms of IT efficiency and automated systems.
Through its partnership with CGI, the agency will future-proof its digital environment through the delivery of best-in-class application services. Through the agreement, CGI will take greater responsibility for overseeing and implementing application services projects, allowing the Social Insurance Agency to focus on its core mission of designing and supporting business processes that provide financial security to its constituents. CGI will draw upon its experience in working with large public authorities within Sweden and globally to provide the agency with the resources and methodology required to develop new application approaches, methods and processes that will accelerate the agency's digital transformation agenda.
"We are extremely pleased by the trust that the Swedish Social Insurance Agency has invested in us," said Pär Fors, Senior Vice-President and Business Unit Leader for CGI's operations in Sweden. "We believe that a strong, long-term partnership is key to supporting the sustained transformation of our clients. This contract further acknowledges how CGI is a digital transformation partner and expert of choice in helping large, complex government agencies become citizen-centric digital organizations."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 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 150 IP-based services and 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") and in other public disclosure documents , in CGI's Annual Report, and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), in CGI's Annual Report on Form 40-F filed with and the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), 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.
SOURCE CGI Group Inc.