CGI Group Inc.

CGI Group Inc.

November 24, 2014 07:28 ET

Swedish insurer AMF renews contract with CGI for long-term IT management and modernization services

STOCKHOLM, SWEDEN--(Marketwired - Nov. 24, 2014) - CGI (NYSE:GIB)(TSX:GIB.A) and AMF have extended their long-term relationship by signing a new contract for the delivery of comprehensive IT infrastructure services over the next seven and a half years. AMF, a limited liability life insurance company, is also one of Sweden's leading pension companies.

"We have collaborated with CGI for more than 10 years, and the company has continuously helped us to develop and evolve our IT operations," said Camilla Larsson, insurances director at AMF. "This new agreement supports our IT strategy and will enable us to better control our costs while ensuring continued high customer satisfaction."

AMF signed a long-term contract because it wants a long-term partner that can provide stable management while supporting AMF's ongoing IT modernization program, the purpose of which is to phase out large-scale legacy systems and replace them with a more modern IT platform. In addition to strategic support, the contract provides for the management of AMF's IT infrastructure and applications, as well as technical support and workstation services.

"We are very pleased AMF has renewed its trust in CGI as a partner," said Pär Fors, senior vice president, CGI, Sweden. "We understand the industry and AMF's challenges, and we look forward to working closely with AMF to provide comprehensive support and drive the modernization of its IT operations, enabling the company to meet evolving market demands in the most effective way possible."

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 annual revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:

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, and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at, 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.

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