Expands footprint into U.S. Air Force and Space
Command
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GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
FAIRFAX, Va,, Oct. 4, 2021 /CNW/ - CGI Inc. (NYSE: GIB) (TSX:
GIB.A) announces that CGI Federal Inc. acquired Array Holding
Company, Inc. (ARRAY) a leading digital services provider that
optimizes mission performance for the U.S. Department of Defense
and other government organizations. This merger will expand CGI
Federal's footprint into strategic markets, such as the U.S. Air
Force and Space Command and add to its digital modernization and
DevOps capabilities. The two companies entered into a definitive
agreement on July 16, 2021 and the
transaction closed on Oct. 1,
2021.
ARRAY brings approximately 275 professionals to CGI, while
enhancing and accelerating CGI's position as a leading provider of
digital modernization services to meet the growing demand of U.S.
public sector clients. The combined portfolio of enterprise
application expertise in modernization, DevSecOps, cloud, data
analytics and cybersecurity further strengthens CGI's position as a
powerful end-to-end solutions provider to federal, state and local
governments.
"ARRAY has made significant contributions to the missions of
U.S. government organizations," said CGI Federal President
Stephanie Mango. "This transaction
is consistent with CGI's 'Build and Buy' strategy and will expand
CGI's reach into strategic public sector markets."
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI
Inc. (CGI), is dedicated to partnering with U.S. federal agencies
to provide solutions for defense, civilian, healthcare and
intelligence missions. Founded in 1976, CGI is among the largest
independent IT and business consulting services firms in the world.
With 78,000 consultants and other professionals across the globe,
CGI delivers an end-to-end portfolio of capabilities, from
strategic IT and business consulting to systems integration,
managed IT and business process services and intellectual property
solutions. CGI works with clients through a local relationship
model complemented by a global delivery network that helps clients
digitally transform their organizations and accelerate results.
With Fiscal 2020 reported revenue of C$12.16
billion, CGI shares are listed on the TSX (GIB.A) and the
NYSE (GIB). Learn more at www.cgi.com.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United
States safe harbors. All such forward-looking information
and statements are made and disclosed in reliance upon the safe
harbor provisions of applicable Canadian and United
States securities laws. Forward-looking information and
statements include all information and statements regarding CGI's
intentions, plans, expectations, beliefs, objectives, future
performance, and strategy, as well as any other information or
statements that relate to future events or circumstances and which
do not directly and exclusively relate to historical facts.
Forward-looking information and statements often but not always use
words such as "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", "predict", "project", "aim",
"seek", "strive", "potential", "continue", "target", "may",
"might", "could", "should", and similar expressions and variations
thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic conditions, and our ability to negotiate new contracts;
risks related to our industry such as competition and our ability
to attract and retain qualified employees, to develop and expand
our services, to penetrate new markets, and to protect our
intellectual property rights; risks related to our business such as
risks associated with our growth strategy, including the
integration of new operations, financial and operational risks
inherent in worldwide operations, foreign exchange risks, income
tax laws, our ability to negotiate favorable contractual terms, to
deliver our services and to collect receivables, and the
reputational and financial risks attendant to cybersecurity
breaches and other incidents; as well as other risks identified or
incorporated by reference in this press release, in CGI's annual
and quarterly MD&A and in other documents that we make public,
including our filings with the Canadian Securities Administrators
(on SEDAR at www.sedar.com) and the U.S. Securities and
Exchange Commission (on EDGAR at www.sec.gov). Unless
otherwise stated, the forward-looking information and statements
contained in this press release are made as of the date hereof and
CGI disclaims any intention or obligation to publicly update or
revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. While we
believe that our assumptions on which these forward-looking
information and forward-looking statements are based were
reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes. Further
information on the risks that could cause our actual results to
differ significantly from our current expectations may be found in
the section titled "Risk Environment" of CGI's annual and quarterly
MD&A, which is incorporated by reference in this cautionary
statement. We also caution readers that the above-mentioned risks
and the risks disclosed in CGI's annual and quarterly MD&A and
other documents and filings are not the only ones that could affect
us. Additional risks and uncertainties not currently known to us or
that we currently deem to be immaterial could also have a material
adverse effect on our financial position, financial performance,
cash flows, business or reputation.
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SOURCE CGI Inc.