CGI RENEWS US$30.6 MILLION IN CONTRACTS TO SERVE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
November 04, 2008 (PRLEAP.COM) Technology NewsCGI Federal, a wholly-owned U.S. operating subsidiary of CGI Group Inc. (TSX: GIB.A; NYSE: GIB), today announced the signing of one-year contract renewals estimated at US$30.6 million for business process outsourcing services to administer multi-family housing programs in Florida, New York, and Northern California for the U.S. Department of Housing and Urban Development (HUD).
CGI is responsible for more than 25 percent of the housing portfolio across the U.S. administered under HUD's multi-family housing program. In addition to its contracts to serve Florida, New York and Northern California, CGI administers contracts in the state of Ohio, and in Washington D.C. Housing assistance payments processed total more than US$1.98 billion annually, making CGI the largest HUD processor of its kind in the U.S.
"Success requires a strong and trusting partnership," said Marybeth Carragher, Vice President, CGI. "We are proud of our work with state and local housing authorities, helping to improve efficiencies while generating significant additional fees to help fulfill their mission of providing safe, decent and affordable housing to those in need."
About CGI Federal
CGI Federal (www.cgi.comusfederal) is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to providing effective IT solutions for federal government agencies by combining over 30 years of government experience and technology skills. 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 in over 100 offices across 16 countries. 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 $3.8 billion and at June 30th, 2008, CGI's order backlog was $12.03 billion. 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.
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