Welcome to our dedicated page for CGI news (Ticker: GIB), a resource for investors and traders seeking the latest updates and insights on CGI stock.
Overview
CGI Inc. is a globally recognized IT and business consulting services provider with decades of expertise in digital transformation, systems integration, and managed IT solutions. As one of the largest independent firms in the industry, CGI leverages its extensive network and deep technical know‐how to deliver tailored solutions that enhance operational efficiency across a diverse client base, including government agencies, financial institutions, healthcare organizations, and large enterprises.
Core Services and Capabilities
CGI offers a comprehensive portfolio of services designed to meet today’s complex technology challenges. Its core offerings include strategic IT consulting, systems integration, application maintenance, and business process services. These integrated solutions enable clients to manage and optimize their IT environments effectively, ensuring reliable performance and enhanced productivity through state-of-the-art digital transformation initiatives.
Market Position and Global Reach
Operating in over 40 countries with a robust global delivery network, CGI is uniquely positioned to serve both local and international markets. The company’s model of combining localized client relationships with worldwide service capabilities ensures that each client receives personalized and high-quality service. This approach has solidified CGI's reputation as a trusted and innovative partner in the competitive IT services landscape.
Industry Expertise and Innovative Solutions
With deep expertise in advanced technologies, CGI integrates artificial intelligence, data analytics, and automation into its service offerings. The company’s commitment to innovation is reflected in its tailored digital transformation projects, which address complex business challenges through precise, cutting-edge solutions while maintaining a focus on operational resiliency and efficiency.
Commitment to Excellence and Trusted Partnerships
The success of CGI is anchored by its team of highly skilled consultants and professionals, whose experience and accountability underpin every project. By fostering a culture of continuous improvement and leveraging a well-established local relationship model, CGI not only drives business outcomes for its clients but also sustains a legacy of trust, expertise, and reliability in the global IT consulting arena.
CGI (NYSE: GIB) has successfully upgraded Ventura County's Financial Management System (VCFMS) to the CGI Advantage® Cloud platform, marking a significant advancement in their 30-year partnership. The cloud transition includes CGI Advantage Financial, Vendor Self-Service applications, and the CGI Advantage Insight reporting tool.
The upgrade aims to enhance operational efficiency and resiliency while maintaining system familiarity for users. Key features include:
- Streamlined user interface for improved accessibility
- Seamless disaster recovery solutions
- Enhanced operational agility
- Continuous software updates without disruptive upgrades
- Integrated reporting capabilities for simplified data-driven decision-making
CGI (TSX: GIB.A) (NYSE: GIB) has signed an exclusivity agreement to acquire Apside, a leading French digital and engineering services firm. The agreement, signed on March 28, 2025, with Apside's main shareholders, involves integrating over 2,500 professionals across 28 offices in six countries.
Apside serves more than 300 clients worldwide, specializing in manufacturing, financial services, insurance, and public sector. The company brings expertise in data, AI, cloud, and cybersecurity. The acquisition would strengthen CGI's presence in France, Canada, Portugal, Belgium, Morocco, and Switzerland.
The transaction, subject to regulatory approvals and employee consultation procedures, is expected to close in June 2025. The merger aims to expand CGI's portfolio by integrating engineering services and enhancing capabilities across manufacturing and financial services sectors.
CGI (TSX: GIB.A) (NYSE: GIB) has announced the acquisition of Momentum Technologies, a Québec City-based IT consulting services company specializing in data analytics and business intelligence. The acquisition will integrate over 250 skilled consultants and professionals into CGI's workforce, strengthening its local presence and service capabilities across public sector and commercial industries including health and insurance.
Founded in 2003, Momentum Technologies is recognized for providing innovative solutions in digital transformation, managed services, cloud computing, and enterprise software development. The merger aims to enhance CGI's AI capabilities and analytics offerings, enabling deeper insights and smarter decision-making for clients.
CGI (TSX: GIB.A) (NYSE: GIB) has completed its acquisition of Novatec, a leading digital services company in Germany and Spain. Founded in 1996, Novatec specializes in business and IT consulting services, including cloud-based solutions, agile products, software development, and digital strategies.
The acquisition brings over 300 IT and consulting experts from eight German offices, primarily in the Stuttgart metro market and South-West region, as well as from Granada, Spain. Novatec's application performance management solutions will enhance CGI's intellectual property portfolio and support clients in accelerating digital innovation through AI technologies.
The merger aims to create additional value for clients in the automotive, manufacturing, and financial services industries, combining both companies' expertise in digital innovation and business transformation.
CGI (NYSE: GIB) has announced the pricing of US$650 million in 5-year senior unsecured notes, bearing an interest rate of 4.95% per annum. The company plans to enter a currency swap agreement to reduce the Canadian dollar equivalent borrowing cost to 3.7125% per annum.
The offering is expected to close around March 14, 2025, with net proceeds of approximately US$641.3 million after deducting fees and expenses. CGI intends to use the proceeds to repay existing debt and for general corporate purposes.
The notes will be offered to qualified institutional buyers in the United States under Rule 144A and internationally under Regulation S, as well as in Canada through private placement.
CGI (TSX: GIB.A) (NYSE: GIB) has achieved the Sustainable IT label - Level 2 certification across its operations in France, Luxembourg, Morocco, Romania, and Switzerland, becoming the first digital services company with over 5,000 employees to reach this milestone.
The certification, awarded by Institut du Numérique Responsable in partnership with the French Ministry of Ecological Transition and other organizations, recognizes CGI's commitment to sustainable digital practices. The company was assessed against 52 criteria across five key areas:
- Strategy and governance
- Supporting responsible digital strategy
- Lifecycle of digital services
- Extending responsible digital approach
- External levers of digital service companies
Notable achievements include training 9,000 employees in eco-design and collaborating with major customers like EDF in developing environmentally-friendly solutions. The Level 2 certification was awarded following a comprehensive audit by Baker Tilly, and CGI has established a three-year progress plan focusing on responsible design implementation.
CGI has completed its acquisition of BJSS, a leading UK-based technology and engineering consultancy. This strategic move aligns with CGI's goal to expand its consulting-led services and drive innovation in cloud, AI, data analytics, and software engineering for both commercial and public sector clients.
The acquisition brings 2,400 BJSS professionals into CGI's global network of 91,000 consultants, increasing CGI's UK workforce to over 8,500 employees. BJSS's team adds complementary skills and expertise that will enhance CGI's ability to deliver industry-leading technology solutions and advisory services.
This integration is expected to enable expanded service offerings and deeper client collaboration, particularly in the retail, financial services, healthcare, energy, and public sectors. According to Tara McGeehan, President of CGI UK & Australia, the combined expertise will strengthen CGI's capabilities to help clients navigate complex digital transformations, accelerate innovation, and achieve measurable outcomes aligned with their strategic goals.
CGI (TSX: GIB.A) (NYSE: GIB) has achieved Select partner program status from Databricks, enhancing its data analytics and AI capabilities. The company maintains over 100 Databricks-certified consultants across data engineering, machine learning, and data science disciplines.
This achievement builds on a five-year collaboration between CGI and Databricks, focusing on delivering scalable data solutions across various sectors including financial services, public sector healthcare, and retail. The partnership leverages the Databricks Data Intelligence Platform, which combines customer data with AI models customized to specific business needs.
CGI's current U.S. clients using Databricks solutions include a global healthcare payer, a leading energy company, and a major bank, with CGI supporting their data platform modernization and advanced analytics initiatives.
Volkswagen Group and CGI (TSX: GIB.A, NYSE: GIB) announce the deepening of their global collaboration through the launch of MARV1N, a new development unit for Group-wide digitalization projects. This initiative aims to strengthen Volkswagen's IT infrastructure and accelerate software development processes.
By 2026, Volkswagen plans to modernize its IT system landscape by replacing hundreds of legacy systems with more powerful, scalable solutions. The collaboration through MARV1N, a wholly-owned subsidiary of CGI Germany, will focus initially on Technical Development projects, particularly accelerating data-driven function development for new vehicle projects.
The partnership is expected to enable faster processes, reduce IT-related operating costs, and ensure knowledge retention within Volkswagen through dedicated teams working exclusively on Group projects. A key initiative includes developing a cross-company IT system to consolidate electrical/electronic architecture and software functions data, aimed at accelerating software updates and digital products development.
CGI (TSX: GIB.A) (NYSE: GIB) has extended its partnership with the City of Springfield, Illinois, to upgrade the city's enterprise resource planning (ERP) system using CGI Advantage®, a cloud-based solution designed specifically for government operations.
The upgrade will provide Springfield with improved user experience, real-time analytics, and embedded reporting capabilities. Key benefits include reduced risk, enhanced time and leave-tracking, streamlined procurement processes, and support for multi-agency solutions through cloud architecture. The modernization aims to improve accessibility, reduce training times, and eliminate manual processes across city departments.
Mayor Misty Buscher highlighted that the move to CGI's Advantage SaaS platform will enable continuous system improvements and innovations. The implementation is expected to boost workforce capacity and improve citywide services through standardized and strengthened business processes.
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