CGI: Agreement in principle L'Industrielle-Alliance.MONTREAL--(BUSINESS WIRE)--April 30, 1996--THE CGI GROUP CGI Group Inc. (TSX: GIB.A, NYSE: GIB) is a Canadian-based information technology (IT) management and business process services (BPS) company. Founded in 1976 as Conseillers en Gestion et Informatique INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(ME,TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :GIB See NIST binary. .A) CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. announces that it has signed today an agreement in principle with insurance company L'Industrielle-Alliance to acquire all the shares of IST Group (1996) Inc. related to non-health care outsourcing and systems integration activities. The transaction, which is expected to close on May 17, 1996, is subject to usual approvals. On January 22, 1996, CGI had announced the signing of an agreement in principle with FoxMeyer Canada to acquire the same division. The agreement was subsequently restructured so that the transaction could be conducted directly between CGI and L'Industrielle-Alliance. CGI evaluates at approximately $30 million the annual revenues generated by IST's outsourcing and systems integration division. This acquisition will allow CGI to strengthen its positioning in the segments of outsourcing and development of technological solutions. CONTACT: CGI, Montreal Paule Dore, 514/841-3200 |
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