CGI Group Inc.
TSX : GIB.A
NYSE : GIB

CGI Group Inc.

May 15, 2014 07:29 ET

PostNord renews application outsourcing contract with CGI

STOCKHOLM, SWEDEN--(Marketwired - May 15, 2014) - CGI (NYSE:GIB) (TSX:GIB.A) is pleased to announce that PostNord, the leading supplier of communications and logistics solutions to, from and within the Nordic region, has renewed its application outsourcing contract until May 2017. CGI will continue to provide comprehensive application development and management services for the core part of PostNord's application portfolio, which includes SAP and other applications for internal and external users.

PostNord first outsourced its applications to CGI in 2010 with the objective of achieving continuous improvements while lowering costs and enhancing the quality of service delivery. CGI's strong presence in the Nordics combined with its extensive global delivery capabilities and broad application management expertise were decisive factors behind PostNord's decision to extend the outsourcing agreement.

"CGI has enhanced its delivery model, enabling high quality services at the right cost," said Joss Delissen, CIO at PostNord. "With this model, PostNord benefits from more flexible delivery with high availability. We look forward to working together with CGI."

"We are grateful for the ongoing confidence PostNord has placed in us as its strategic partner and for the opportunity to help drive the company's growth through our application services," said Björn Ivroth, senior vice-president, CGI, Sweden. "The company's renewed confidence strengthens our position as a leading application services provider and partner."

About CGI

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

Forward-Looking Statements

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.

www.cgi.com/newsroom

Contact Information

  • Investors and media
    Lorne Gorber
    Senior Vice-President, Global Communications and
    Investor Relations
    lorne.gorber@cgi.com
    +1 514-841-3355

    Swedish media
    Asa Thoft
    PR- and Communications
    asa.thoft@cgi.com
    +46 (87) 75 0584

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