CGI signs contract with new Swedish government authority
STOCKHOLM, SWEDEN -- (Marketwired) -- 01/08/14 -- CGI (GIB)(TSX: GIB.A) has been chosen to deliver business critical IT services to the Swedish Health and Social Care Inspectorate (IVO), a new government authority established on June 1, 2013 to monitor health, medical care and social services in Sweden.
The four-year outsourcing agreement covers IT infrastructure and operations management, as well as application development and management for business critical applications such as task management systems and desktop applications. The estimated value of the contract is approximately 120 million Swedish crowns (approx. CAD $19.5 million).
As part of the agreement, CGI will help to ensure IT is an effective business enabler for IVO, creating efficient ways of working, driving cost savings, and freeing the authority to focus fully on its mission of supervision, permissions and monitoring.
"CGI was the winning supplier based on the criteria set out in our purchasing process," said Patric Winther, Manager of IVO's business support and management department. "We feel that CGI understands our challenges, and we look forward to developing a close cooperation in order to find efficient and modern solutions as we build this new authority from scratch."
"We are very happy to get the chance to contribute to the building of business critical support systems for a whole new government institution," noted Bengt-Goran Kangas, Vice President of government and health for CGI in Sweden. "This is all about making IT work in daily operations to allow IVO's almost 600 employees to focus on their core business. Our partnership with IVO is further evidence that we have the skills and business understanding required by central government and that we can turn this expertise into innovative IT solutions."
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 annualized 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 (NYX) (GIB). Website: www.cgi.com.
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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Source: CGI Group Inc.