CGI Invests in Strategic IT Consulting Firm.Business Editors MONTREAL--(BUSINESS WIRE)--Sept. 20, 2000 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. (NYSE NYSE See: New York Stock Exchange :GIB See NIST binary. )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :GIB.A.) CGI Becomes Strategic Partner of AGTI; Two Firms Share Complementary Expertise and a Quality Approach to Business 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. (TSE:GIB.A.)(NYSE:GIB) and AGTI Consulting Services Inc. today announced they have concluded an agreement in principle whereby CGI will invest approximately CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $23 million to acquire a 49% interest in AGTI, a Montreal-based information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. firm with more than 225 senior consultants. "We are pleased to have concluded this alliance with such a high-calibre company as AGTI," stated Serge Godin, CGI's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Both our firms share a focus on quality and their operations are complementary in terms of IT expertise. Also, both companies focus on industry sectors such as telecommunications and financial services." Jacques Martineau, president of AGTI, added, "We are proud to be associated with a highly reputable company like CGI, which has a client base comprised of some of the largest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and international companies. We believe that our partnership will allow us to accelerate and further strengthen our market positioning based on our approach which emphasizes close client support throughout the project. This approach has represented the cornerstone of our success to date. This association will allow us to provide our professionals with an opportunity to work on even more stimulating projects." Under the terms of the alliance, AGTI and CGI will cooperate in offering information technology consulting services to both existing and new clients. Founded in 1996, AGTI is a privately-held company owned by some 30 partners actively involved in the firm. Its annual revenues total approximately CDN$27 million. It generates 40% of its revenues in the telecommunications sector; 25% in the financial services industry; 20% in governmental organizations; and 15% in manufacturing, transport, distribution, and energy. About CGI Founded in 1976, CGI is the largest independent Canadian information technology consulting firm and the fifth largest in North America, based on its revenue run rate of CDN$1.4 billion. CGI's order backlog totals approximately CDN$7.0 billion. CGI has close to 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. CGI's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca. All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the Company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report or Form 40F filed with the SEC and its Annual Information Form filed with Canadian securities commissions, which important factors are included here by reference. |
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