Alithya's Oracle Practice Signs Anticipated 10 Million USD Contract with Leading U.S. Dental Insurer
Alithya Group inc. (NASDAQ: ALYA) has signed a 10 million USD contract with a dental insurance provider to assist in its digital transformation using Oracle Cloud ERP. This project involves implementing a payroll system and providing change management and training services, enhancing the client's operational efficiency. The contract is expected to span 2.5 years and follows a previous successful Oracle Cloud EPM project. Alithya's team, consisting of over 300 certified consultants, aims to deliver repeat success as a leading Oracle partner.
- The contract is expected to generate approximately 10 million USD in revenues over its 2.5-year term.
- This agreement represents one of the largest contracts awarded to Alithya's Oracle Practice, enhancing its reputation.
- None.
ALPHARETTA, Ga., July 12, 2022 /PRNewswire/ - Alithya Group inc. (NASDAQ: ALYA) (TSX: ALYA) ("Alithya") is proud to announce the signing of a contract to accompany an existing Oracle client through important stages of its digital transformation processes. The contract has now commenced and is expected to generate approximately 10 million USD in revenues over its 2.5-year term.
The contract, signed with a client that offers dental insurance coverage to millions of Americans, covers an Oracle Cloud Enterprise Resource Planning (ERP) project that will include the implementation of a payroll system, as well as change management and cloud-based training services to ensure optimal adoption of the technology. The newly signed contract follows a previous Oracle Cloud Enterprise Performance Management (EPM) project conducted between the Alithya Oracle team and the client.
"This agreement seals the deal on one of the largest contracts ever awarded to the Alithya Oracle Practice. It reflects our reputation for excellence as an Oracle partner, as well as showcases Alithya's expanding role as the trusted advisor to top tier organizations across multiple sectors. This undertaking was an entire team effort, and it gives us the opportunity to deliver repeat success for this important client."
Alithya is a trusted North American leader in strategy and digital transformation, employing a dedicated and highly skilled workforce of 3,700 professionals in Canada, the United States and internationally. Alithya's strategy is based on a plan of accelerated organic growth and complementary acquisitions to create a global leader. The company's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics.
A 25-year Oracle Partner, Alithya's expertise includes more than 300 certified consultants and Oracle ACEs. The company has a dedicated practice for healthcare and financial services and serves other industries, and contributes in an advisory role to the Oracle Product Development team. To learn more about Alithya, visit www.alithya.com.
This press release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other applicable U.S. safe harbours (collectively "forward-looking statements"). Statements that do not exclusively relate to historical facts, as well as statements relating to management's expectations regarding the future growth, results of operations, performance and business prospects of Alithya, and other information related to Alithya's business strategy and future plans or which refer to the characterizations of future events or circumstances represent forward-looking statements. Such statements often contain the words "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "could," "would," "will," "may," "can," "continue," "potential," "should," "project," "target," and similar expressions and variations thereof, although not all forward-looking statements contain these identifying words.
Forward-looking statements are presented for the sole purpose of assisting investors and others in understanding Alithya's objectives, strategies and business outlook as well as its anticipated operating environment and may not be appropriate for other purposes. Although management believes the expectations reflected in Alithya's forward-looking statements were reasonable as at the date they were made, forward-looking statements are based on the opinions, assumptions and estimates of management and, as such, are subject to a variety of risks and uncertainties and other factors, many of which are beyond Alithya's control, and which could cause actual events or results to differ materially from those expressed or implied in such statements. Such risks and uncertainties include but are not limited to those discussed in the section titled "Risks and Uncertainties" of Alithya's Management's Discussion and Analysis for the quarter ended March 31, 2022 and Management's Discussion and Analysis for the year ended March 31, 2022, as well as in Alithya's other materials made public, including documents filed with Canadian and U.S. securities regulatory authorities from time to time and which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Additional risks and uncertainties not currently known to Alithya or that Alithya currently deems to be immaterial could also have a material adverse effect on its financial position, financial performance, cash flows, business or reputation.
Forward-looking statements contained in this press release are qualified by these cautionary statements and are made only as of the date of this press release. Alithya expressly disclaims any obligation to update or alter any forward-looking statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by applicable law. Investors are cautioned not to place undue reliance on forward-looking statements since actual results may vary materially from them.
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SOURCE Alithya
FAQ
What is the value of the new contract signed by Alithya (ALYA)?
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