Stock Market Symbols GIB.A (TSX) GIB (NYSE)
FAIRFAX, VA, May 3 -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), announced today that it has acquired privately-owned information technology (IT) services firm Codesic Consulting. Founded in 1994, the Seattle based company has annual revenues of approximately US$20 million. This acquisition is well aligned with the company's build and buy growth strategy and allows CGI to continue building its footprint in the State of Washington.
Recognized for its depth of business and IT knowledge, Codesic assists its clients by managing strategic initiatives, integrating technology with business, and supporting critical computing environments. Employing over 100 professionals with deep experience focused on the needs of leading Seattle- area organizations, Codesic counts Cingular, the City of Seattle, Frontier Bank, Russell Investment Group, and Alaska Airlines among its marquee clients.
"We are committed to growing our US presence and we continue to position ourselves for new opportunities coast to coast," said Donna Morea, President US Operations, CGI. "Codesic has built up long standing relationships with some of the most respected companies in the US. Their commitment to quality and reliability truly makes them a great asset to CGI, and allows us to continue our strong growth on the US west coast."
"CGI and Codesic have the common goal of providing clients with advanced technology and services to meet their business transformation needs," said Brian Corrington, CEO of Codesic. "We're excited to become part of an organization that shares our values and commitment to customer success. Codesic professionals will also enjoy having access to a broad array of career opportunities within CGI's global network."
"I am pleased to welcome Codesic and its employees to CGI," said Michael Keating, Senior Vice-President, US West, CGI. "Codesic's locally-focused growth strategy and talent mirrors CGI's commitment to key Western US metro markets and reinforces our dedication to our customers in the Pacific Northwest. We look forward to continuing to provide them with rewarding challenges and further build on their success."
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 25,000 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 $3.8 billion (US$3.3 billion) and at March 31st, 2007, CGI's order backlog was $12.3 billion (US$10.8 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.
Source: CGI GROUP INC.
CONTACT: Investors: Lorne Gorber, Vice-President, Global Communications and Investor Relations, (514) 841-3355; Media Relations: Philippe Beauregard, Director, Corporate Communications and Public Affairs, (514) 841-3218