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Ohio Bureau of Workers' Compensation Selects CGI to Replace Legacy Systems With Integrated Claims, Policy Management and Billing SolutionLargest state-fund insurance system in the nation, serving nearly 256,000 Ohio employers (May 02, 2012)
FAIRFAX, VIRGINIA -- (Marketwire) -- 05/02/12 -- CGI Group Inc. (NYSE:GIB) (TSX:GIB.A), a leading provider of information technology and business process services, today announced that Ohio's Bureau of Workers' Compensation (BWC) has selected CGI to replace its legacy systems with an integrated technology solution for claims, policy management and billing. The total contract is valued at US$52 million, which includes an initial two year performance period and seven one-year renewal options.
Last year, BWC actively managed approximately 1.2 million open claims, funded by assets totaling approximately $26 billion. With an aging application portfolio, disparate systems and limited automation, BWC has contracted CGI to deliver modern, integrated technology with enterprise-wide functionality, including user self-service, collaboration and notification tools, and reporting to better support its constituents. Employers in Ohio will benefit from access to accurate and real-time data in addition to more efficient claims and billing processing.
"As we move forward with implementing this new solution, I expect we'll provide better service to our customers by reducing excessive costs resulting from inefficient processes and excessive workarounds," said Steve Buehrer, Administrator/CEO, Ohio Bureau of Workers' Compensation. "BWC was impressed with CGI's successful track record of delivering large-scale, complex projects in the State of Ohio and across the nation on time and on budget. We look forward to partnering with them."
"We are thrilled to deliver a business technology solution for BWC that will enable more efficient service delivery as well as more effective management of their new business processes throughout their well-run organization," said Nola Haug, Vice-President and CGI State of Ohio Account Executive. "CGI has a long history of successfully supporting the State's most critical IT operations and we look forward to this new partnership with BWC."
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI provides end-to-end services with approximately 31,000 professionals located in offices and centres of excellence in the United States, Canada, Europe and Asia Pacific. As at March 31, 2012, CGI's annualized revenue was approximately $4.3 billion and its order backlog was approximately $13.1 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. 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.
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