MONTRÉAL, QUEBEC--(Marketwired - May 14, 2014) - CGI (TSX:GIB.A)(NYSE:GIB) has signed an agreement to extend its existing service contract with Yellow Pages Group (YPG) (TSX:Y), Canada's leading digital media and marketing solutions provider. The four-year extension calls for CGI to continue to supply its services to YPG until the end of 2023. As a long-time IT services provider to YPG, CGI will continue to provide the company with high quality and flexible application and infrastructure services.
"YPG is rapidly transforming its operations and is scaling very quickly in terms of technology and systems development. We required a trusted partner, such as CGI, that can provide us with the needed resources to help us meet our business demands in a timely fashion and at a competitive cost," said René Poirier, Chief Information Officer of YPG.
"CGI looks forward to continue delivering services for YPG," underlines Guy Vigeant, CGI's senior vice-president, greater Montreal. "We are fully committed to building strong partnerships with our clients, listening to their needs and delivering services that exceed their expectations."
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.