CGI Signs ERP Solutions Outsourcing Agreement with Peoplesoft.MONTREAL, Quebec--(BUSINESS WIRE)--Nov. 2, 1998--CGI today announced the signing of an outsourcing agreement with PeopleSoft Canada, a leading provider of enterprise applications software. The alliance agreement will allow both partners to cooperate closely in providing their clients with cost-effective solutions for the outsourcing of management software. They will offer services such as software customization, conversion, integration, performance tuning Performance tuning is the improvement of system performance. This is typically a computer application, but the same methods can be applied to economic markets, bureaucracies or other complex systems. and long-term support. "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. is pleased to be the first Canadian company to join PeopleSoft's Certified Outsourcing Partner Program" said Robert Desmarais, Vice-President, Outsourcing at CGI. "CGI has wide-ranging expertise in the delivery of outsourcing solutions to its clients in selected industry sectors. Working with PeopleSoft, we can leverage this experience and consistently provide clients with efficient services to manage their ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems on a day-to-day basis while also ensuring their long-term evolution." Desmarais added that many customers come to CGI looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. end-to-end solutions and they are increasingly interested in extending a relationship beyond the implementation phase and channeling the knowledge and expertise that has been built up into the ongoing management of their systems. "Looking beyond the current rush to solve Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 issues, PeopleSoft's Certified Outsourcing Partner Program offers a full range of outsourcing solutions, allowing customers to focus on core competencies and gain competitive advantage," said Jeffrey Read, Director, Strategic Alliances and Marketing, PeopleSoft Canada. "Customers will gain the benefits of PeopleSoft's flexible, innovative software based on extensive knowledge of best business practices, as well as elite partnerships bound by a commitment to provide superior customer service as the trend towards longer-term outsourcing ramps up." As part of an Implementation Alliance Agreement also signed recently, both partners are working jointly to further develop PeopleSoft implementation teams while expanding their services offering. CGI has a team of more than 100 ERP specialists who provide its clients with a full range of end-to-end ERP implementation services, including project management, process review, fit and gap analysis, evolutive prototyping and technical performance tuning, among others. PeopleSoft Inc. was established in 1987 to provide innovative software solutions to meet the changing business demands of enterprises worldwide. The company develops, markets, and supports a complete suite of enterprise solutions for finance, materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , distribution, supply-chain planning, manufacturing, and human resources. With more than 2,400 customers around the world, and offices in Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal, the company is known for its remarkable growth and award-winning customer service. PeopleSoft applications fully support both of Canada's official languages. More information on PeopleSoft products and services is available on the World Wide Web at www.peoplesoft.com CGI (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)(ME.GIB.A) is the largest independent 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 in Canada and the sixth largest in North America. It provides end-to-end IT services and business solutions to some 2,000 clients in Canada, the United States and 20 countries around the world. CGI has 8,000 professionals, an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue-run rate of $1.2 billion and an order backlog totalling approximately $6.5 billion. 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 and Montreal exchanges (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 200 indexes. Website address: 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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