Rio Tinto (NYSE, LSE, ASX: RIO) 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.
to Rio Tinto Alcan, including end-user device support, . 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 are pleased to be expanding our relationship with CGI as a key strategic partner," affirmed Jacynthe Côté, 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."
About CGI
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:
.
Forward-Looking Statements
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 ), and in the Company's Annual Information Form
filed with the Canadian securities authorities (filed on
SEDAR at ), 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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For more information:
Investors
Lorne Gorber
Senior Vice-President, Global Communications and Investor
Relations
lorne.gorber@cgi.com
514-841-3355
Media
Sébastien Barangé
Director, Media Relations
sebastien.barange@cgi.com
514-841-3354
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