Press release from Marketwire
County of Ventura selects CGI to modernize its financial, budgeting and procurement systems with CGI Advantage ERP
Thursday, January 24, 2013
FAIRFAX, VIRGINIA--(Marketwire - Jan. 24, 2013) - CGI Group Inc. (NYSE:GIB) (TSX:GIB.A), a leading provider of information technology and business process services, today announced the County of Ventura, California, has selected the latest version of the CGI Advantage™ enterprise resource planning (ERP) solution to modernize its legacy financial, budgeting and procurement systems. The contract is valued at US$18 million over a three-year implementation term and long term maintenance program.
Continuing a 17-year relationship between the County and CGI, the new web-based ERP system will enable greater efficiency and effectiveness in fiscal oversight and management through increased functionality for budgeting and integrated grants management. In addition, with new automated and streamlined system processes, the County will also improve productivity and increase citizen responsiveness.
"After a rigorous evaluation of more than 40 vendors, it was clear that CGI Advantage ERP remains the best fit for the County of Ventura with the most built-for-government functionality," said Christine L. Cohen, Auditor-Controller, County of Ventura, California. "The success of our long-term partnership with CGI, access to their specialized expertise and their single accountability for both the product and implementation also were compelling factors."
"We are pleased to help the County of Ventura take this huge step forward with the ERP modernization they have desired for some time," said Daniel Keene, Vice-President of the CGI Advantage program. "CGI is in the business of satisfying clients. The decision by the County to extend our partnership is a testament to the value we deliver, and will continue to deliver."
"CGI is a trusted integrator for California and has a long history partnering with governments across the state to improve operational efficiency," said Dave Delgado, Senior Vice-President for CGI's U.S. West business unit. "We are thrilled to extend our ERP partnership with the County of Ventura."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 72,000 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. Further to the recent completion of the Logica acquisition, CGI's annualized revenue is approximately C$10.4 billion, with an estimated order backlog of approximately C$17.6 billion; CGI's shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in the FTSE4Good Index. 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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