TORONTO, ONTARIO--(Marketwire - July 17, 2012) - CGI Group Inc. (TSX:GIB.A)(NYSE:GIB), a leading provider of information technology and business processing services and Livingston International, North America's number one company focused on customs brokerage and compliance, today announce a five-year, $27M agreement that will see CGI provide IT infrastructure and software support to a recently acquired business.
When Livingston acquired the customs and trade compliance services business formerly known as Vastera in April 2012, it worked with CGI to jointly develop a transition plan to enhance its technology infrastructure and help transform its suite of applications to support its global trade and software clients.
As part of the transformation plan, CGI will simplify and upgrade the existing trade flow applications as well as centralize the current infrastructure footprint into CGI's Data Centre in Phoenix, Arizona.
"Our business is evolving and growing quickly. We sought out an IT partner who understood our priorities, could match our pace and partner with us to transform the infrastructure and software support of our acquired global trade and software business," said Peter Luit, CEO, Livingston International. "Over the next few months, we will work closely with CGI to transition to the new IT structure, build a new infrastructure, simplify some of the applications and enhance the software. Whether we're working with CGI in Canada, the U.S. or in Europe, the team has been very responsive to us, understands our business and has made us their priority."
"CGI and Livingston have both a history of successful acquisitions and we applied our own experience to support our client through this transformation," said Doug McCuaig, President, CGI, Canadian Operations. "As a North American leader in trade flow processing, Livingston relies heavily on the technology that supports its varied clients across the world. Our global CGI team is proud to work alongside our client to ensure its clients' information is well managed, secure and protected."
About Livingston International
A leading North American customs broker focused on compliance, Livingston International also offers consulting and global trade management services as well as international freight forwarding across North America and around the globe. Headquartered in Toronto, Ontario, Livingston employs more than 2,700 employees at over 100 key border points, sea ports, airports and other strategic locations across North America as well as in Europe and Asia.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI provides end-to-end services with approximately 31,000 professionals located in offices and centres of excellence in the United States, Canada, Europe and Asia Pacific. As at March 31, 2012, CGI's annualized revenue was approximately $4.3 billion and its order backlog was approximately $13.1 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and 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.