GIB

CGI's Acquisition Announcement: CGI has signed an exclusivity agreement to acquire Apside, a leading digital and engineering services firm based in France, with the deal expected to close in June.

Stakeholders Involved: The acquisition agreement was made with Apside's main shareholders, Siparex and investment companies of Crédit Agricole.

CGI's Upgrade Announcement: CGI has upgraded Ventura County's Financial Management System (VCFMS) to the CGI Advantage Cloud, enhancing operational efficiency and resiliency while maintaining user familiarity.

Benefits of the New System: The upgrade provides a streamlined user interface, integrated reporting, and improved disaster recovery solutions, positioning Ventura County for better agility and continuous software updates without disruptions.

Acquisition Announcement: CGI has signed an exclusivity agreement to acquire Apside, a French digital and engineering services firm, aiming to enhance its capabilities in manufacturing and financial services. The transaction is expected to close in June 2025, pending regulatory approvals.

Company Background: CGI, founded in 1976, is one of the largest independent IT consulting firms globally, with 91,000 professionals and reported revenues of CA$14.68 billion for fiscal 2024, focusing on delivering comprehensive IT and business solutions.

CGI Acquires Momentum Technologies: CGI, a major IT and business consulting firm, has acquired Québec City-based Momentum Technologies to enhance its data analytics and business intelligence capabilities, adding over 250 skilled professionals to its team.

Strengthening Local Presence: The acquisition aims to deepen CGI's local presence in Québec City and improve service offerings across various industries, leveraging combined expertise to provide advanced AI capabilities and better client solutions.

CGI Acquires Momentum Technologies: CGI, a major IT and business consulting firm, has acquired Québec City-based Momentum Technologies to enhance its data analytics and business intelligence capabilities, adding over 250 skilled professionals to its team.

Strengthening Local Presence: The acquisition aims to deepen CGI's local presence in Québec City and improve service offerings across various industries, leveraging combined expertise to provide advanced AI capabilities and better client solutions.

CGI Acquires Novatec: CGI has completed the acquisition of Novatec, a digital services company in Germany and Spain, enhancing its capabilities in IT and business consulting, particularly in cloud solutions and digital strategies.

Strengthening Expertise: The integration of over 300 Novatec experts will bolster CGI's technology expertise and industry insights, aiming to deliver greater value to clients in sectors such as automotive, manufacturing, and financial services.

CGI's Senior Unsecured Notes Offering: CGI announced a pricing of US$650 million in senior unsecured notes with a 4.95% interest rate, expected to close around March 14, 2025. The proceeds will be used for debt repayment and general corporate purposes.

Company Overview and Risks: Founded in 1976, CGI is a major IT and business consulting firm with global operations. The press release includes forward-looking statements about potential risks affecting the company's performance, including market conditions and competition.

CGI Elevate 2025 Event: CGI hosted the CGI Elevate 2025 event in Bangalore, focusing on the transformation of Global Capability Centers (GCCs) into innovation hubs driven by AI and strategic partnerships, emphasizing their evolving role in business growth.

Insights from Industry Leaders: Key speakers, including Rakesh Aerath and Sunil Gopinath, highlighted the shift of GCCs from cost centers to intelligence-driven entities that foster enterprise agility, innovation, and long-term impact through AI and automation.

Payment Details: The General Services Administration made a $10M payment to CGI FEDERAL INC. for the EPA Information Technology Enterprise Development task order on March 4, 2025, with significant contract awards totaling over $1.34 billion to $GIB in the past year.

Investor Activity: Recent data shows that 144 institutional investors increased their holdings in $GIB stock while 172 reduced their positions in the last quarter, indicating notable shifts in investment strategies.

CGI Achieves Sustainable IT Certification: CGI has been awarded the Sustainable IT label - Level 2, recognizing its commitment to sustainable digital practices across multiple countries including France and Luxembourg. This certification follows their previous Level 1 award in 2022, marking them as the first digital services company with over 5,000 employees to achieve this higher standard.

Commitment to Digital Responsibility: The certification reflects CGI's proactive approach to integrating digital responsibility into its operations, which includes training employees in eco-design and collaborating with major clients like EDF on environmentally-friendly solutions. A comprehensive audit assessed CGI against 52 criteria focusing on strategy, lifecycle management, and promoting responsible digital services.

CGI Acquires BJSS: CGI has completed its acquisition of BJSS, a UK-based technology consultancy, enhancing its consulting services in cloud, AI, data analytics, and software engineering for various sectors.

Impact on CGI's Workforce: The integration of BJSS's 2,400 professionals will increase CGI's workforce in the UK to over 8,500, enabling expanded service offerings and improved collaboration with clients.

CGI Achieves Select Partner Status: CGI has attained Select partner program status from Databricks, highlighting its expertise in data analytics and AI, with over 100 certified consultants aiding clients in digital transformation.

Strengthening Client Solutions: This partnership enhances CGI's ability to provide scalable data solutions across various sectors, helping clients modernize their data platforms and leverage advanced analytics for improved business outcomes.

Volkswagen and CGI Collaboration: Volkswagen Group has partnered with CGI to enhance its IT infrastructure, launching a new entity called MARV1N to support digitalization projects and improve software development capabilities.

Modernization Goals: By 2026, Volkswagen aims to replace numerous legacy systems with fewer, more efficient ones, which will streamline processes and reduce IT costs while focusing on data-driven development for new vehicle projects.

Volkswagen and CGI Partnership: Volkswagen Group has deepened its collaboration with CGI by launching a new development unit called MARV1N, aimed at accelerating software development for digitalization projects across the company.

Goals of Digital Transformation: The partnership focuses on modernizing Volkswagen's IT systems by replacing legacy systems with scalable solutions, enhancing efficiency in vehicle project development, and improving data management for software functions.

Payment to CGI Federal Inc.: The Department of State made a $22 million payment to CGI Federal Inc. for comprehensive management and processing support at passport centers and agencies across the U.S. on December 17, 2024.

Government Contracts Overview: Over the past year, $1.3 billion in award payments have been made to the company mapped as $GIB, with notable changes in institutional investor positions regarding its stock.

Industry Overview: The Zacks Computer - Services industry, including companies like CACI International, CGI Group, and Innodata, is experiencing growth due to increased demand for cloud solutions driven by digital transformation, remote work trends, and rising cybersecurity needs, despite facing macroeconomic challenges.

Company Highlights: Innodata is gaining traction with its AI-focused platforms, CACI is expanding through new business wins and acquisitions, while CGI Group is enhancing its market presence through strategic partnerships and a recent merger, all contributing to their respective positive outlooks in the industry.

Partnership Extension: CGI has extended its partnership with the City of Springfield, Illinois, to upgrade its enterprise resource planning (ERP) system to a modern cloud platform using CGI Advantage®, enhancing operational efficiency and reducing risks.

Benefits of Upgrade: The upgrade will improve user experience through real-time analytics and intuitive features, streamline operations across city departments, and support better decision-making, ultimately boosting workforce capacity and service delivery.

CGI's Recognition: CGI has won the ACCA India Award 2024 for Excellence in Digital Transformation, highlighting its commitment to sustainable business practices and value creation through its CGI DigiOps approach, which integrates AI-powered solutions for operational efficiency.

Company Overview: Founded in 1976, CGI is a leading independent IT and business consulting firm with 91,000 professionals worldwide, offering a comprehensive range of services aimed at helping clients digitally transform and achieve significant business results.

Key Acquisitions and Investments: Molson Coors is acquiring an 8.5% stake in Fevertree Drinks, while Emerson Electric is buying Aspen Technology for $7.2 billion. Additionally, American Axle & Manufacturing announced a merger with Dowlais Group valued at $1.44 billion.

Market Movements and Offers: Surgery Partners saw a 19% increase after receiving a non-binding offer from Bain Capital, and Sage Therapeutics rejected a takeover bid from Biogen, leading to a 5.6% rise in its shares.

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