|By Marketwired .||
|January 21, 2014 08:30 AM EST||
FAIRFAX, VIRGINIA -- (Marketwired) -- 01/21/14 -- CGI (NYSE: GIB)(TSX: GIB.A) today announced that it has been awarded a contract to modernize the Maricopa County, Arizona financial management system and to provide future operational support. The contract is valued at US$44.6 million over 10 years.
Maricopa County joins the growing CGI Advantage user community on the heels of the State of Arizona contracting last year as well as another US state that selected CGI in late 2013 to modernize its ERP operations - a contract valued at US$78.6 million over 10 years.
In upgrading to CGI's Advantage 3.10 private cloud solution, Maricopa County gains a more efficient, effective financial management system - for the first time integrating its financial, budget and procurement activities on a common technology platform. The upgrade will produce better, more accessible information, tighter cost controls, and enhanced support overall for county programs and services.
"County residents expect and deserve high quality government services," said Shelby L. Scharbach, Chief Financial Officer, Maricopa County, Arizona. "Moving our major financial functions to a single, modern technology platform helps us streamline the business of government while enhancing our ongoing transparency efforts for citizens, County officials, and lawmakers. We're excited to continue our partnership with CGI in this endeavor."
"CGI has served Maricopa County since 1993 and we are gratified that this dynamic partnership is continuing as the County transitions to leverage CGI's market leading ERP managed services," said CGI Senior Vice-President Dave Delgado. "Upgrading the County's enterprise-wide administrative system to CGI's built-for-government private cloud delivers powerful new capabilities in a secure environment, including more effective application data sharing; enhanced transparency; and workflow and auditing across multiple county departments," added Daniel Keene, Senior Vice-President of the CGI Advantage Program.
Five of the six U.S. states that have recently moved forward with modernizing their ERP have selected CGI as their IT partner. The CGI Advantage program has seen more than 50% growth in the last two fiscal years through new state projects, a growing local government business and reoccurring managed services revenue.
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 annual revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). 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.