FAIRFAX, VIRGINIA--(Marketwired - April 12, 2013) - CGI Group Inc. (NYSE:GIB) (TSX:GIB.A), a leading provider of information technology and business process services, today announced that the State of Arizona has selected the company's built-for-government CGI Advantage enterprise resource planning (ERP) solution for statewide financial management. The contract is valued at US$53 million over eight years.
In selecting CGI Advantage, Arizona will retire its 20-year-old legacy statewide financial system, AFIS, as well as other agency financial systems, and begin its move to an enterprise-wide financial management solution. The CGI-hosted solution will help Arizona government eliminate the redundancy and inefficiency of using multiple, disparate state agency financial systems, thereby lowering the costs of maintenance and operation. CGI Advantage improves performance overall by enabling agencies to standardize business processes and to operate with timely access to a single source of data.
"Our vision is to re-engineer our business processes and leverage the best practices and innovative technology provided by CGI Advantage. This will allow us to implement efficient, cost-effective solutions to improve the performance of government through value-driven operations. We look forward to partnering with CGI in meeting these objectives and modernizing the way we do business," said State Comptroller D. Clark Partridge.
"We are thrilled that Arizona is partnering with CGI to transform their financial management operations," said CGI Senior Vice-President Dave Delgado. "Our CGI Advantage solution has a long history supporting both state and local government organizations in Arizona and we are honored to be selected to meet Arizona's statewide financial management needs."
"Our ability to deliver a built-for-government solution with a single point of accountability for software and services continues to resonate in the market. We welcome the State of Arizona into the CGI Advantage program and look forward to a long, successful partnership," added CGI Vice-President and CGI Advantage Program Leader Daniel Keene.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 71,000 members 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 a wide range of proprietary solutions. CGI's annualized revenue is in excess of C$10 billion, with an estimated order backlog of approximately C$18.3 billion; its shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the FTSE4Good Index. 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.
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