STOCKHOLM, SWEDEN--(Marketwire - Jan. 9, 2013) - Logica, now part of CGI, (NYSE:GIB)(TSX:GIB.A), a leading provider of information technology and business process services, is pleased to announce that Alecta has chosen to renew its outsourcing contract. The agreement will provide Alecta with cost efficient infrastructure services and, at the same time, support Alecta's ongoing IT development. The agreement is for five years with an option for a two-year extension, amounting to a value of 400 million SEK (approx. C$60.6 million).
For over ten years, CGI has been responsible for the operations and development of Alecta's IT environment within the area in which the company's insurance services and products are managed. The new agreement is for a complete outsourcing solution, including mainframe, server operations, application management, service desk, communication, and management of workplaces. Also included in the agreement are application management services and a number of logistic services such as print, scanning, archiving and electronic identification.
Alecta manages occupational pensions, handling approximately 509 billion SEK on behalf of 2 million private and 33,000 pension clients.
"To stay competitive in our business, we want to make sure our IT partner offers flexibility to support our development, and be cost effective," said Mikael K. Larsson, CIO at Alecta. "After a careful evaluation and based on close cooperation, we feel safe continuing to work with CGI as our IT partner. Together, we have developed a flexible and modern outsourcing agreement that plays a key role in our effort to be the world's most effective occupational pension company."
"We are extremely pleased that Alecta has placed their trust in us as their close IT partner," added Björn Ivroth, Business Unit Leader of CGI in Sweden. "Alecta is at the forefront when it comes to letting IT support their business, and we look forward to continuing to develop services that support their business goals, as well as continuing to deliver competitive operational services."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 72,000 members located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers 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. Further to the recent completion of the Logica acquisition, CGI's annualized revenue is approximately C$10.4 billion, with an estimated order backlog of approximately C$17.6 billion; CGI's shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in 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.