Alithya signs up to C$10.8 million in digital transformation contracts with Quebec government agency

Rhea-AI Summary

Alithya Group (TSX: ALYA, NASDAQ: ALYA) has secured contracts worth up to C$10.8 million with a Quebec Government agency, focusing on cybersecurity, cloud migration, and project management support over 36 months. This collaboration will involve more than 140 advisors from Alithya, enhancing their ongoing work and establishing the company as a trusted partner in the public sector. The contracts aim to improve the agency's project management methodologies and leverage Alithya's reputation for further opportunities in Quebec.

Positive

• Secured contracts worth up to C$10.8 million, enhancing revenue potential.
• Involvement of over 140 Alithya advisors, showcasing increased workforce engagement.
• Strengthened reputation as a trusted advisor in Quebec's public sector.

Negative

• None.

Projects to comprise multiple components of Alithya's comprehensive service offering

MONTREAL, July 28, 2022 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya") is pleased to announce the signing of up to C$10.8 million in service agreements with a Quebec Government agency covering projects to be implemented over a 36-month period. The work will include cybersecurity, radio communications, and cloud migration projects, as well as assisting the client with the development and adaptation of a project management platform solution. Additionally, Alithya will support the agency's managers in the implementation of best practices in the methodology and management of their projects.

A diverse array of services
In addition to Alithya professionals already engaged in assisting the client with ongoing projects, the newly signed contracts will raise the commitment to more than 140 Alithya advisors with expertise in domains including application development, security, technological infrastructure, cloud architecture, migration, and automation, change management, and continuous improvement.

Quote by David Dufour, Vice President, Public Sector at Alithya:
"These new contracts encompass a broad spectrum of Alithya specializations across multiple domains. With 20 active contracts already in effect that have validated the quality of our work, we have consolidated our position as a trusted advisor to assist this client in addressing its evolving needs moving forward. The quality of work conducted in support of this client also positions Alithya to make deeper inroads into other areas of Quebec's public sector, leveraging the company's reputation to provide similar services to other government ministries, municipalities, and para-public organizations."

Forward-Looking Statements

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 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.

About Alithya
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. Since its founding in 1992, Alithya's capacity, size, and capabilities have continuously evolved, guided by a long-term strategic vision to become the trusted advisor of its clients. 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. To learn more about Alithya, visit www.alithya.com.

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SOURCE Alithya

FAQ

What is the value of the contracts signed by Alithya with the Quebec Government?

Alithya signed contracts worth up to C$10.8 million with a Quebec Government agency.

What services will Alithya provide under the new contracts?

Alithya will provide services in cybersecurity, radio communications, cloud migration, and project management support.

How many advisors will Alithya engage for these projects?

Alithya will engage over 140 advisors for the new contracts.

What is the duration of the contracts signed by Alithya?

The contracts are set to be implemented over a 36-month period.

How does this contract affect Alithya's position in the public sector?

The contracts solidify Alithya's reputation as a trusted advisor and may lead to further opportunities in Quebec's public sector.