STOCKHOLM, SWEDEN--(Marketwired - Jan. 23, 2014) - CGI (NYSE:GIB)(TSX:GIB.A) has signed a new agreement with the Swedish Transport Administration, Trafikverket, to deliver comprehensive application management and development services, working in close collaboration with Trafikverket's own IT department. CGI will provide resources for projects and assignments, helping Trafikverket achieve specific business objectives and drive more value from its ongoing application management and development initiatives. The agreement has an estimated total contract value of 1.3 billion Swedish crowns (approx. CAD $220 million) over a four-year base with a two plus one year option period.
Trafikverket is responsible for the long-term planning of Swedish transport systems, as well as state road networks and the country's national railway network. Headquartered in Borlange, it has 6,500 employees. CGI will deliver services in Borlange, from nearshore centers in Sweden and across Europe with support from its global resources.
"We're very proud of the confidence Trafikverket has placed in CGI, and we look forward to helping Trafikverket streamline and enhance its IT operations," said Bengt-Goran Kangas, CGI's Vice-President for public sector work in Sweden. "With our local presence and access to specialists all over the world, we can deliver cost-effective and smart IT solutions that benefit not only Trafikverket but the citizens its serves."
CGI will work with joint collaborators Knowit, Headlight and Altran in supporting Trafikverket.
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 (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.