Stock Market Symbols GIB (NYSE) GIB.A (TSX) www.cgi.com/newsroom
FAIRFAX, VA, June 17 /PRNewswire-FirstCall/ - CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a leading provider of information technology and business process services, today announced a contract with the State of Maine to deliver managed application services for the State's AMS Advantage(R) enterprise resource planning (ERP) system which supports financial management and procurement operations. The contract is for 11 years, with four optional five-year extensions.
The State of Maine has utilized CGI's AMS Advantage ERP solution for more than 10 years. Under this new contract, CGI will host the State's AMS Advantage ERP system and provide disaster recovery services. CGI will also manage operations of all technical aspects of the system during the term of the contract.
"CGI has been a consistent, quality service provider as we manage our AMS Advantage system to serve the needs of the State Controller and state agencies," said Dick Thompson, Chief Information Officer, State of Maine. "The development of a longer term partnership assures Maine continued high quality services and access to a state-of-the-art system, managed and operated in CGI's cloud environment. This strategic alliance allows the Office of Information Technology to focus its resources on the unique needs of the State going forward".
"As a long-term partner of the State of Maine, CGI will continue to deliver its market-leading service, expertise and best practices under a new model that gives the State a long-term, predictable cost structure," said Pat Colacicco, Vice-President of CGI's AMS Advantage ERP program. "Without relinquishing overall management control, Maine will have ongoing access to local CGI expertise, and can rely on us as a single point of accountability for software, services, implementation, ongoing operations, and deployment of system upgrades."
About AMS Advantage
From cities, counties, states, and school districts, CGI's AMS Advantage ERP solution works for government at all levels and has helped public sector clients better serve 90+ million citizens. Designed specifically for state and local government, the solution incorporates CGI's 30 years of expertise and experience in the public sector market. AMS Advantage helps governments achieve the highest level of accountability while enhancing services to their constituents through integrated functionality, workflow and configurable processes. The result is significantly increased efficiency, improved access to information and reduced total cost of ownership.
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 26,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in the United States, Canada, Europe and Asia Pacific as well as from centers of excellence in North America, Europe and India. As at March 31, 2010, CGI's order backlog was $11.4 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow Jones Sustainability World 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 sections 138.3 and following of the Ontario Securities Act. 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 and 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 MD&A, 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), 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. You will find more information about the risks that could cause our actual results to significantly differ from our current expectations in the Risks and Uncertainties section.
SOURCE CGI GROUP INC.