The State of Colorado announced at a formal project kickoff event this week that it has selected CGI Group Inc. (NYSE: GIB) (TSX: GIB.A), a leading provider of information technology and business process services, to modernize, host and manage the State’s financial, procurement and budgeting system. The State will upgrade to the web-based CGI Advantage™ ERP solution and transition operation of its current systems to the CGI Advantage cloud, operating in CGI’s secure data center. The total contract, contingent on future appropriations, is valued at US$78 million over 12 years.
Through its Managed Advantage program, CGI will also provide secure day-to-day operations management for the State’s primary financial system, including application maintenance, technical upgrades, disaster recovery services and client support. By transitioning to the CGI Advantage cloud platform, the State of Colorado will benefit from a more sustainable, reliable and efficient service through CGI’s provisioning and scaling of infrastructure and application environments required to run and maintain the system over its entire lifecycle. Additionally, updates and upgrades to the system are covered under a predictable, fixed price arrangement.
“The selection of CGI enables the State of Colorado to comprehensively address the current operations risks of our aging system while simultaneously upgrading to significantly improve business productivity and usability,” said Kathy Nesbitt, Executive Director of the Colorado Department of Personnel & Administration.
“By leveraging CGI’s cloud, we can achieve much needed technical enhancements to the system and a more predictable operating cost over time,” said Kristin Russell, Secretary of Technology and State Chief Information Officer, State of Colorado.
“State governments have very limited capital for investing in and maintaining new technologies,” said Dave Delgado, Senior Vice-President for CGI’s U.S. West business unit. “CGI is adept at bringing the right combination of people, process and technology to the table to enable our clients to tackle much needed modernization efforts while minimizing the impact on their operating budgets.”
“Our built-for-government CGI Advantage ERP cloud capabilities provide our clients with a higher level of service at a lower, and more predictable total cost of ownership than traditional self-managed delivery models,” said Daniel Keene, Vice-President of the CGI Advantage program. “We are thrilled to partner with the State of Colorado on this modernization effort.”
About CGI
Founded in 1976, CGI Group Inc. is the sixth largest independent information technology and business process services firm in the world. With approximately 72,000 professionals located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as more than 100 proprietary solutions. Further to the recent completion of the Logica acquisition, CGI’s annualized revenue is approximately C$10.4 billion, with an estimated order backlog of approximately C$17.7 billion, CGI’s shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in the FTSE4Good Index. Website: www.cgi.com.
CGI Forward-Looking Statements
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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For more information:
CGI Investors
Lorne Gorber
Senior Vice-President, Global Communications and
Investor Relations, CGI
lorne.gorber@cgi.com
514-841-3355
Media
Linda Odorisio
Vice-President, US Communications, CGI
linda.odorisio@cgi.com
703-267-8118
Sabrina D’Agosta
Director of Communications, Department of Personnel & Administration, State of Colorado
sabrina.dagosta@state.co.us
303-866-6555
720-413-2854 (mobile)
