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Rio Tinto and CGI Renew and Expand Their IT Outsourcing Contract(January 12, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 01/12/12 -- Rio Tinto and CGI Group Inc., (TSX:GIB.A) (NYSE:GIB), a leading provider of information technology and business process services, announce the renewal and expansion of their outsourcing contract. The three-year contract extension is valued at approximately $60 million.
For more than 20 years, CGI has been providing IT infrastructure services to Rio Tinto Alcan, including end-user device support, service desk, server management, data center management, and certain network management and security services. The contract for these services has been renewed until 2015 and will now be extended to other Rio Tinto divisions located in the United States and Canada.
"We pleased to be expanding our relationship with CGIas a key strategic partner," affirmed Jacynthe Cote, Chief executive of Rio Tinto Alcan. "CGI's dedication to quality, competitiveness and strong understanding of our business led us to once again entrust these services to its teams."
"This contract reinforces our strategy to expand our services to Rio Tinto worldwide," said Serge Godin, Founder and Executive Chairman of the Board, CGI. "CGI is proud of its partnership with Rio Tinto Alcan. It is a highly strategic partnership, which, among other benefits, helps us increase our global reach and profile. I also applaud our team of 500 professionals in Saguenay, 230 of whom devote each day to delivering services of unparalleled quality to Rio Tinto Alcan."
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in Canada, the United States, Europe, and Asia Pacific. As at September 30, 2011, CGI's revenue was $4.3 billion and its order backlog was $13.5 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) 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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