Stock Market Symbols
STOCKHOLM, Sweden, Oct. 28, 2015 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) is pleased to announce the expansion of its outsourcing agreement with DB Schenker to include the development and management of the company's applications. The applications manage core processes such as package and freight handling that are critical to DB Schenker's transport and logistics business.
DB Schenker entered into a comprehensive outsourcing relationship with CGI in 2014, selecting CGI as its partner for overall IT support across its operations in Sweden and parts of Europe. The recent extension of this agreement is for 4 years and is valued at approximately 65 million Swedish Krona (approx. CAD $10 million).
As a leading transport and logistics company, DB Schenker has rigorous requirements for stable and secure IT delivery, and the mission-critical Unix applications CGI will be managing must be available 24x7.
"It is extremely important to us that we have an IT partner that understands our business and can meet our need for modern, efficient and business-critical IT support," said Maria Magnusson, Manager of Application Management at DB Schenker. "Through our long-time collaboration with CGI, we have benefitted from delivery that evolves in line with our needs. It therefore felt natural to extend our cooperation to include an agreement for the development and management of our core business applications."
"We are incredibly pleased with the close relationship we have with DB Schenker," said CGI's Pär Fors, Senior Vice-President, Sweden. "An important prerequisite for this long-term relationship is our deep knowledge of DB Schenker's operations. We see this new agreement as confirmation of the value we are delivering, and we look forward to continuing to help address DB Schenker's current and future needs."
About DB Schenker
DB Schenker is part of Deutsche Bahn Group and is a leading provider of international transport and logistics services. With approximately 95,000 employees around the world, the company offers advanced logistics and transport services that meet customer demands for quality, simplicity and environmental responsibility.
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 annualized revenue in excess of C$10 billion and an order backlog of approxiamtely 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.
SOURCE CGI Group Inc.