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CGI: CGI announces 5-year contract with Daimler Financial Services
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:06052008
Berlin, Germany --CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading
provider of end-to-end information technology and business process
services, is pleased to announce that Daimler Financial Services (DFS)
has chosen CGIto provide a full end-to-end applications management
service for international Vehicle Asset Financing. The 5 year
contractwill provide DFSwith a cost-effective service to streamline and
standardize its international vehicle asset financing business
processes, while at the same time maximizing operational savings by
utilizing CGI's industry leading outsourcing services.
"DFS is pleased to expand and continue our relationship with CGI," said
Markus Sontheimer, Director IT Financial Services and Sales. "For many
years now, CGI has operated on the principles of sharing in our goals,
and delivering quality services to address them. We look forward to
maximizing CGI's knowledge and expertise to continue to be the first
choice provider of financial services for our dealers and customers."
"CGI has been a provider to Daimler for 8 years," said Joe Saliba,
President Europe and Australia, CGI. "We are pleased that Daimler
Financial Services, having built its reputation on quality and
innovation, looks to CGIto meet their IT needs. This multi-million euro
deal strengthens our relationship and will contribute significantly to
the organic growth of our European operations over the next 5 years."
CGI has also acquired Phoenix, Daimler's Vehicle Asset Financing
platform specifically developed to meet DFS' retail financing needs. An
intuitive business-centric solution, Phoenixhas enabled Daimler to win
customer service excellence and dealership awards. It is functionally
rich both in supporting high levels of customer service and in its
coverage of vehicle financing processes. At its core, are the capture,
aggregation and management of cash flows which comprise deals, from the
viewpoint of a customer, a dealership and financial services provider.
This focus aligns well with the business of asset finance. A view which
is evidenced by the successful international deployment of
Phoenixwithin DFS, and which has been endorsed by industry analyst
reviews.
In collaboration with Daimler, CGIplans to commercialize Phoenixfor the
worldwide asset finance market. Lead by its Phoenix Delivery Centre
outside London, CGIis leveraging DFS' specialist financing knowledge
and CGI's market leading financial solutions and IT development
expertise to incorporate Phoenixinto CGI's financial solutions
portfolio. With Daimler as its Charter Customer, CGI's initial target
market is asset financing for the automotive and other high value
manufacturing industries.
Forward-Looking Statements
All statements in this MD&A 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 sections 138.3 and following of the Ontario
Securities Act. 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 and 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 MD&A, in CGI's Annual Report on Form 40-F filed with
the U.S. Securities and Exchange Commission (filed on EDGAR
atwww.sec.gov), the Company's Annual Information Form filed with the
Canadian securities authorities (filed on SEDAR atwww.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. You
will find more information about the risks that could cause our actual
results to significantly differ from our current expectations in the
Risks and Uncertainties section.
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 27,000
professionals. CGI provides end-to-end IT and business process services
to clients worldwide from offices in Canada, the United States, Europe,
Asia Pacific as well as from centers of excellence in North America,
Europe and India. CGI's annual revenue run rate stands at $3.8billion
and at March 31st, 2008, CGI's order backlog was $12.04billion. CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are
included in the S&P/TSX Composite Index as well as the S&P/TSX Capped
Information Technology and MidCap Indices. Website: www.cgi.com.
CONTACT: Lorne Gorber, Vice-President, Global Communications and
Investor Relations, CGI
Tel: +1 514 841 3355
e-mail: lorne.gorber@cgi.com
WWW: http://www.cgi.com
Elvis Moyo, Account Executive, Kinross+Render
Tel: +44 (0)20 7592 1983
Tel: +44 (0)20 7592 3100
Fax: +44 (0)20 7931 9640
WWW: http://www.kinrossrender.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
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