CGI (NYSE: GIB) (TSX: GIB.A) today announced the renewal and expansion of its contract with EDP, one of the leading energy producers in Europe with operations worldwide. Under the new four-year agreement, valued at approximately €40 million, CGI will provide comprehensive data center and infrastructure management services, including application operations.
According to Vergílio Rocha, director of information systems at EDP, “EDP has developed a process for transforming and adapting its IT models to align with current and future trends, as well as with the needs of the company. This agreement is an example of this type of transformation at work.”
“The new agreement is proof of the strength and success of the relationship between CGI and EDP since 2005,” said Paulo Magro da Luz, vice-president of energy and utilities sector for CGI in Portugal. “It consolidates current data center and infrastructure management agreements into a single agreement and adapts them to the current market situation EDP is facing.”
Under the new agreement, EDP will benefit from a more flexible infrastructure management model tailored to its business needs, while also achieving significant cost reduction. It will also benefit from application operation models in line with the latest market trends, local team support, high-quality services with ambitious performance targets over the course of the agreement, and more.
"We are very proud of this new agreement and the opportunity to renew our long-standing relationship with EDP in mission-critical areas in which we have continuously delivered excellent quality services," added Paulo Magro da Luz for CGI.
CGI is a global leader in information technology and business process services. With a business model based on client proximity and a vast global delivery network, it offers the best possible solutions to clients worldwide tailored to their unique needs. CGI’s offerings include application management, business consulting, business process services, infrastructure services, IT outsourcing and systems integration, along with a comprehensive portfolio of industry-leading IP 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$19 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.