Caisse de dépôt et placement du Québec and CGI renew their information technology outsourcing contract
The Caisse de dépôt et placement du Québec and CGI Group Inc. (CGI), today announced the signing of a two-year information technology (IT) contract renewal valued at CDN$50 million.
“Our goal is to be known by institutional fund managers as a benchmark organization. To do so, we must fully optimize our technology tools and operational efficiency to fully support our professionals. Our long-term partnership with CGI has enabled us to obtain the tools and services to implement our strategic IT plan,” said V.P. Pham, Executive Vice-President, Information Technology and Investment Administration of the Caisse de dépôt et placement du Québec.
Pierre Turcotte, senior vice-president and general manager, Quebec with CGI added: “We are proud of the important role we play with our clients’ evolution and expansion as they kick-off their new strategic planning session for IT. We look forward to future to our continued partnership.”
The services covered by this agreement include infrastructure management, production services, a “one-stop servic e” call centre, office technology support, maintenance of a large number of business applications, and the development and integration of solutions. CGI will also act as an information technology consultant, assessing and proposing optimal solutions for the Caisse. Both companies have been collaborating for a decade since 1996. This contract renewal will begin in September 2006 and end in August 2008.
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financia l institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2005, it held CDN$122.2 billion of net assets. The leading institutional fund manager in Canada, the Caisse invests in the main financial markets as well as in private equity and real estate.
Founded in 1976, CGI Group Inc. (“CGI”) is the 8th largest independent information technology and business process services firm in the world. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America (“US”), Europe, Asia Pacific as well as from centers of excellence in Canada, the US, Europe and India. CGI's annualized revenue run rate is currently CDN$3.6 billion (US$3.1 billion) and at December 31, 2005, CGI's order backlog was CDN$12.9 billion (US$11.1 billion), or $14.0 billion (US$12 billion) including the BCE contract extensions signed in January 2006. CGI's shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices.
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. These statements represent CGI Group Inc.’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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management’s Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form 40-F filed with the SEC, the Company’s Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forwardlooking statements. CGI disclaims any intention or obligation to publicly update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.