STOCKHOLM, SWEDEN--(Marketwired - May 7, 2013) - CGI Group Inc. (NYSE:GIB) (TSX:GIB.A), has been chosen to manage Tele2's entire print and electronic invoice pre-processing operations. The five-year agreement will drive processing efficiencies for Tele2 in six countries across Europe, including Sweden. The deal, valued at approximately 70 MSEK (approximately $11 million), also involves the rebadging of Tele2 IT professionals to CGI.
Tele2 and CGI have collaborated for many years in the area of billing. Under this new agreement, Tele2 will outsource its entire Billing Output Management department and then buy the function as a service from CGI.
"The solution that CGI is providing is flexible and frees up resources that can focus on our own core business," said Anders Candell, CIO of Tele2. "We chose CGI as our vendor because it has great expertise, and we have a long, proven relationship with their team."
"CGI has a comprehensive suite of solutions and services for the entire billing lifecycle," said Björn Ivroth, Senior Vice-President, CGI in Sweden. "This deal builds on the long-term success of our existing relationship. It is also with great pleasure that we welcome new members from Tele2 who bring a great deal of domain knowledge and expertise to our company."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 69,000 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$18 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.