US Environmental Protection Agency Awards CGI Federal $83 million Financial System...
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US Environmental Protection Agency Awards CGI Federal $83 million Financial
System Modernization Project
Stock Market Symbols GIB.A (TSX) GIB (NYSE)
FAIRFAX, VA, April 10 /PRNewswire-FirstCall/ - CGI Federal, Inc., a
wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX:
GIB.A), today announced that the Environmental Protection Agency (EPA)
confirmed its original award to CGI as the financial management shared service
provider (SSP) for EPA's Financial System Modernization Project (FSMP). The
10-year deal, valued at US$83 million, modernizes EPA's financial system using
CGI's commercial off the shelf Momentum(R) software, and transitions EPA's
financial system IT hosting and application management to CGI. CGI was
originally selected for the FSMP award in February of 2007. The selection of
CGI was upheld after resolution of a protest by IBM that was filed against the
initial award.
"EPA has been a CGI client for over 30 years. As a recognized leader in
delivering managed services for government and commercial customers, we look
forward to continuing service to EPA as their financial systems provider,"
said Donna Morea, President of CGI's U.S. operations. "This award is testament
to CGI's commitment to service delivery excellence and validates our strategy
of delivering the full spectrum of managed services across technology
management, application management, systems integration and consulting and
business process services to the federal government."
EPA's FSMP award to CGI culminates the first large-scale financial system
procurement conducted by a CFO Act federal agency under the Financial
Management Line of Business (FMLoB) initiative. It is the first time a federal
agency has conducted a full and open FMLoB competition across both public and
private sector shared service providers, holding them to the same standards in
offer evaluation. CGI, bidding its commercial off the shelf Momentum software,
was selected over both private and public sector SSPs. EPA joins the General
Services Administration (GSA), the Administrative Office for the U.S. Courts
(AOUSC), and the Corporation for National and Community Service (CNCS) in
awarding financial system shared services contracts to CGI. All three clients
are currently using Momentum hosted with CGI.
"To meet EPA's operational business needs, CGI continues to provide
innovative solutions as a recognized leader in managed services," said George
Schindler, President, CGI Federal. "Our selection confirms CGI and Momentum as
the market leading FMLoB solution that best enables agencies to improve
mission support, comply with federal accounting and system standards, and
modernize on a large-scale with the greatest efficiency and lowest risk."
About Momentum(R)
The CGI Federal Momentum financial management software uses state-of-the
art open Web technology standards to simplify system deployment and enable
interoperability with external systems. This Web based version allows federal
agencies to easily implement Momentum across their enterprise. The solution is
offered as a government-certified commercial off the shelf product for federal
agencies as well as part of a turnkey IT and business process service for
federal agencies seeking new solutions under the Federal Financial Management
Line of Business initiative. Over 100 U.S. federal government organizations
currently use Momentum.
About CGI Federal
CGI Federal (www.cgi.com\usfederal) is a wholly-owned U.S. operating
subsidiary of CGI Group Inc., dedicated to providing effective IT solutions
for federal government agencies by combining over 30 years of government
experience and technology skills. Founded in 1976, CGI Group Inc. is one of
the largest independent information technology and business process services
firms in the world. CGI and its affiliated companies employ approximately
26,500 professionals. CGI provides end-to-end IT and business process services
to clients worldwide from offices in Canada, the United States, Europe, Asia
Pacific as well as from centers of excellence in North America, Europe and
India. CGI's annual revenue run rate stands at $3.7 billion and at December
31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on
the TSX (GIB.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.
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 the Ontario Securities Act, as amended. These statements and this
information represent CGI Group Inc.'s ("CGI") 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 and 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 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's Annual Report or
Form 40-F filed with the U.S. Securities and Exchange Commission (filed on
EDGAR at www.sec.gov), and in CGI's annual and quarterly MD&A and 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. Except to the extent required by law, 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. Readers are cautioned not to place undue reliance on
these forward-looking statements or on this forward-looking information.
SOURCE CGI GROUP INC.
Investor Relations: Lorne Gorber, Vice-President, Global Communications and
Investor Relations, (514) 841-3355, lorne.gorber@cgi.com; Media Relations:
Peter Cutler, Director, Communications, (703) 633-8973,
peter.cutler@cgifederal.com
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