Alithya Wins CAD $6.6 Million Contract To Assist Major Quebec Government Ministry

Rhea-AI Summary

Alithya (TSX: ALYA) has secured a 3-year contract worth CAD 6.6 million with a significant Quebec government ministry to enhance its digital transformation efforts. Set to commence in October 2021, Alithya will provide specialized resources to support the ministry's IT teams in implementing essential business solutions. With extensive experience in the public sector, Alithya aims to leverage its expertise in business architecture and agile methodologies to meet the client’s unique needs, establishing itself as a trusted partner in government projects.

Positive

• Awarded a CAD 6.6 million contract over 3 years.
• Expertise in public sector enhances credibility with government agencies.
• Contract strengthens relationship with Quebec government.

Negative

• None.

MONTREAL, Oct. 13, 2021 /PRNewswire/ - Alithya (TSX: ALYA) (NASDAQ: ALYA) is pleased to announce that it has been awarded a 3-year contract to accompany a major Quebec government ministry in accelerating its digital transformation agenda. The contract is expected to commence throughout October 2021 and generate CAD $6.6 million over its 3-year term.

In addressing the needs of a major transformation program, the client has engaged Alithya to provide specialized resources to support its internal IT teams in the implementation and deployment of business solutions required for the achievement of the program's goals. Alithya will provide the ministry with consulting, management, and operational support in the development of architecture and infrastructure.

Alithya's public sector experience
On the strength of its pool of professional expertise, Alithya has developed a long track record of successful project realizations with government agencies and other public sector clients. Addressing numerous government agency mandates has enabled Alithya professionals to amass a clear understanding of public sector sensitivities and constraints. The company's public sector experience was both validated and enhanced in 2020 with a Quebec Government qualification that paves the way for Alithya to serve as a trusted advisor to public organizations throughout the Province of Quebec.

Quote from Dave Moreau, Senior Vice President, Public Sector, Quebec at Alithya:
"Alithya's extensive knowledge of governmental organizations allows us to adapt our approach to the management style and methods of the client. Additionally, our expertise in business architecture enables us to provide the client with an integrated agile approach comprised of leading-edge technologies and a full range of complementary services, including strategic and technological consulting, project management, and customized enterprise solutions."

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"), including, but not limited to, statements with respect to the anticipated benefits of customer contracts. 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 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 Alithya's annual and interim Management's Discussion and Analysis and 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 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 North American leader in strategy and digital transformation. The company employs more than 3,300 professionals in Canada, the United States, and Europe. Alithya's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics. Alithya deploys leading-edge solutions, services, and skills to develop tools designed to meet the unique needs of customers in a variety of sectors, including financial services, manufacturing, renewable energy, telecommunications, transport and logistics, professional services, healthcare and government. To learn more about Alithya, visit www.alithya.com.

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SOURCE Alithya

FAQ

What is the value of the contract awarded to Alithya by the Quebec government?

Alithya was awarded a contract valued at CAD 6.6 million.

When does Alithya's contract with the Quebec government begin?

The contract is set to commence in October 2021.

What services will Alithya provide under the new contract?

Alithya will offer consulting, management, and operational support to the Quebec government ministry.

How long is Alithya's contract with the Quebec government?

The contract is for a duration of 3 years.

What is Alithya's expertise in relation to this government contract?

Alithya has a strong track record in public sector projects and business architecture.