SECURITIES AND
EXCHANGE COMMISSION
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PRESS RELEASE |
FOR IMMEDIATE PUBLICATION |
Desjardins expands relationship with CGI
o Signs a 10-year BPO contract extension valued at CDN $200 million Montreal, Quebec, December 13, 2002 Desjardins Group (Desjardins) and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced the extension and expansion of their existing business process outsourcing (BPO) contract for payroll services. In addition to a 10-year contract extension, which is valued at CDN$200 million where CGI will continue to be responsible for payroll processing for the Desjardins Electronic Payroll Services division, CGI and Desjardins will begin jointly marketing their payroll services offering. The two organizations will join forces to expand the reach of their payroll services offering to companies throughout their respective business networks via their go-to-market strategy while leveraging the synergy between the two organizations. In 1997, CGI and Desjardins began a 10-year partnership whereby CGI was responsible for the processing of payroll services to small and medium-sized companies. The agreement announced today extends this contract to the year 2017. Additionally, having recognized how robust and efficient the payroll services offering has become over the last five years, additional opportunity for growth now exists in the potential for CGI and Desjardins to jointly market this offering to a broader client base. We are now offering our commercial clients the dual benefit of a complete range of payroll services and on-line solutions, said Pierre Moran, executive vice-president for electronic services at Desjardins. Given our long-standing partnership with CGI, we are very much looking forward to collaborating on our new partnership concept. Above all, we are convinced that with the many business solutions proposed by Desjardins, our clients will find an integrated solution to their complete needs. Daniel Crépeau, senior vice-president, business engineering added: We are very proud to have won the respect and confidence of a truly solid partner with whom we can build solid business solutions providing added value to Desjardins portfolio of services. CGI business process services and its payroll services will also benefit from this partnership by sharing expertise with the Desjardins Electronic Payroll division. We are very excited about actively developing these services with Desjardins. |
2 About Desjardins Group About CGI Forward-Looking
Statements These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Managements Discussion and Analysis (MD&A) in CGI Group Inc.s Annual Report or Form 40-F filed with the SEC, the Companys Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. -30- |
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For more information: Desjardins Group: Andre Chapleau Manager, media relations (514) 281-7229 CGI: Investor relations Julie Creed Vice-president, investor relations (312) 201-4803 Ronald White Director, investor relations (514) 841-3230 Media relations Eileen Murphy Director, media relations (514) 841-3430 |
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SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
CGI GROUP INC. (Registrant) | |
Date: December 13, 2002 |
By /s/ Paule Doré Name: Paule Doré Title: Executive Vice-President and Chief Corporate Officer and Secretary |