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MADRID, October 20, 2021 / CNW Telbec / – CGI (NYSE: GIB) (TSX: GIB.A) today announced the acquisition of Cognicase Management Consulting (CMC), a leading provider of technology and management consulting services and solutions, primarily in Spain, for over 25 years Market.

The acquisition will increase the presence of CGI in Spain and will strengthen the company’s customer proximity model. CMC will give CGI more capacity to better serve its customers and help them accelerate their digitization. The proven industry expertise and solutions from CMC complement the end-to-end services from CGI, which range from comprehensive consulting services to system integration and managed IT services.

Founded in 1993, CMC provides high quality digital services to the majority of IBEX 35 companies and serves major customers from all industries. With around 1,500 highly qualified professionals, CMC has a strong presence in the metro market supported by delivery centers that customers in Spain, Italy, Portugal, Colombia and Mexico. Over the years, CMC has served itself as a preferred digital partner through its end-to-end service portfolio and solid ecosystem of technology partners.

“We look forward to working with CMC to help our customers accelerate their digitization and achieve even greater business value through our combined end-to-end capabilities,” said George D. Schindler, President and Chief Executive Officer of CGI. “The services, solutions and highly qualified employees of CMC will enable us to expand our service portfolio and our capabilities in the areas of” Spain. “

“CMC and CGI share a common culture and core values, including a strong commitment to talent and innovation and excellence in execution,” said Jean-Michel Baticle, president and chief operating officer, CGI. “I would like to warmly welcome the CMC consultants and other professionals to the CGI community.”

The story goes on

“CMC is very proud to have been selected by such a renowned industry leader as CGI to continue growing its business,” said Jaime Hortelano, Chairman of the CMC. “By joining forces, CGI will become one of the strongest players in our markets with an excellent, highly competitive team that will continue to provide distinctive value to our customers. I am delighted to be part of the CGI leadership team.”

The acquisition has been approved for foreign investment by the Spanish authorities and the transaction is expected to be officially closed by the end of the month.

About CGI
CGI was founded in 1976 and is one of the largest independent IT and management consulting companies in the world. With 78,000 consultants and other professionals around the world, CGI offers an end-to-end portfolio of capabilities from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with customers through a local relationship model that is complemented by a global delivery network that helps customers digitally transform their organizations and accelerate results. The reported revenue of CGI for the 2020 fiscal year is 12.16 billion CAD and CGI shares are listed on the TSX (GIB.A) and NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements
This press release contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable laws United States safe havens. All such forward-looking information and statements are made in reliance on the safe harbor provisions of applicable Canadian and United States Securities laws. Forward-looking information and statements include all information and statements regarding the intentions, plans, expectations, beliefs, goals, future performance and strategies of CGI as well as all other information or statements that relate to future events or circumstances that are not directly and solely related on historical facts. Forward-looking information and statements often, but not always, use words such as “believe”, “estimate”, “expect”, “intend”, “anticipate”, “anticipate”, “plan”, “predict”, “project”, “aim” “,” seek, “” strive, “” potentially, “” continue, “” aim, “” may, “” could, “” could, “” should, “and similar expressions and variations thereof. This information and statements are based on our perception of historical trends, current conditions and expected future developments as well as other general and specific assumptions that we believe to be reasonable under the given circumstances. However, such information and statements are inherently subject to inherent risks and uncertainties, many of which are beyond the control of CGI and which create the possibility that actual results may differ materially from our expectations contained in or implied by such forward-looking information or forward-looking statements. These risks and uncertainties include, but are not limited to: market-related risks such as our customers’ business operations being influenced by economic and political conditions, external risks (such as pandemics) and our ability to negotiate new contracts; Risks related to our industry, such as competition and our ability to attract and retain qualified employees, develop and expand our services, enter new markets and protect our intellectual property rights; Risks related to our business, such as risks related to our growth strategy, including the integration of new activities, financial and operational risks related to global operations, exchange rate risks, income tax laws, our ability to negotiate favorable terms to provide our services and to collect of claims, reputational and financial risks associated with cybersecurity breaches and other incidents; as well as other risks identified in this news release, CGI’s annual and quarterly MD&A, and other documents we publish, including our filings with the Canadian securities administrations (on SEDAR at www.sedar.com) and the US Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of the risks of responding to the coronavirus (COVID-19) pandemic, see Pandemic Risks in Section 10.1.1. our annual and quarterly MD&A. Unless otherwise stated, the forward-looking information and statements contained in this press release apply as of the date of this press release and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or other, unless this is required under applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as of the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Additionally, readers are cautioned that forward-looking information and statements are presented solely for the purpose of helping investors and others understand our goals, strategic priorities and business prospects, and our expected operating environment. Readers are cautioned that this information may not be suitable for other purposes. For more information about the risks that could cause our actual results to differ materially from our current expectations, please refer to the “Risk Environment” section of CGI’s annual and quarterly MD&A, which is incorporated by reference into these cautionary statements. We also caution readers that the risks outlined above and the risks disclosed in CGI’s annual and quarterly MD&A and other documents and filings are not the only ones that may affect us. Additional risks and uncertainties that are not currently known to us or that we currently consider to be immaterial could also have a material adverse effect on our net assets, financial position, results of operations, cash flows, business operations or reputation.

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SOURCE CGI Inc.

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View original content: http://www.newswire.ca/en/releases/archive/October2021/20/c6462.html