FAIRFAX, VIRGINIA--(Marketwired - Nov. 20, 2014) - CGI (NYSE:GIB)(TSX:GIB.A) today announced it has won a contract to replace the city's 13-year-old legacy Supply Management System (SMS) and upgrade the City of Los Angeles' Financial Management System (FMS). The contract is valued at US$19.6 million over four years.
The City will utilize the CGI Advantage ® enterprise resource planning (ERP) solution to drive improvements to its procurement and financial management operations. This comprehensive, integrated ERP system will:
- Transform citywide purchasing power with a one-stop shopping experience
- Reduce the time and expense of operating and interfacing two separate enterprise systems
- Improve procurement decision-making, accountability and transparency
- Automate inventory control and reduce the need for higher cost emergency ordering
- Provide compliance with federal and state regulations
- Streamline vendor interactions with electronic invoicing and 24x7 payment tracking
- Reduce the risks associated with operating an out of date procurement system
"CGI has proven to be a trusted partner after we selected their Advantage solution as the City's ERP platform over three years ago," said Steve Reneker, General Manager of Los Angeles' Information Technology Agency.
"We are gratified that this dynamic partnership is continuing as the City of Los Angeles transitions to leverage more of CGI's robust ERP product suite," said Dave Delgado, Senior Vice President and West Business Unit Leader at CGI.
"The Advantage program is honored to partner with the second largest U.S. city to modernize their ERP operations. Our built-for-government ERP scales to meet the needs of the largest cities and continues to serve the needs of state and local governments across the nation," added Daniel Keene, Senior Vice President of CGI's Advantage Program.
About CGI
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 .
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.
