CGI expands its presence in Québec City with the acquisition of Momentum Technologies
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) ha annunciato l'acquisizione di Momentum Technologies, un'azienda di consulenza IT con sede a Québec City, specializzata in analisi dei dati e business intelligence. L'acquisizione integrerà oltre 250 consulenti e professionisti qualificati nella forza lavoro di CGI, rafforzando la sua presenza locale e le capacità di servizio nei settori pubblico e commerciale, inclusi salute e assicurazioni.
Fondata nel 2003, Momentum Technologies è riconosciuta per fornire soluzioni innovative nella trasformazione digitale, nei servizi gestiti, nel cloud computing e nello sviluppo di software aziendale. La fusione mira a potenziare le capacità di intelligenza artificiale e le offerte analitiche di CGI, consentendo approfondimenti più dettagliati e decisioni più intelligenti per i clienti.
CGI (TSX: GIB.A) (NYSE: GIB) ha anunciado la adquisición de Momentum Technologies, una empresa de consultoría de TI con sede en la ciudad de Quebec, especializada en análisis de datos e inteligencia empresarial. La adquisición integrará a más de 250 consultores y profesionales calificados en la fuerza laboral de CGI, fortaleciendo su presencia local y capacidades de servicio en los sectores público y comercial, incluidos salud y seguros.
Fundada en 2003, Momentum Technologies es reconocida por proporcionar soluciones innovadoras en transformación digital, servicios gestionados, computación en la nube y desarrollo de software empresarial. La fusión tiene como objetivo mejorar las capacidades de IA y las ofertas analíticas de CGI, permitiendo obtener conocimientos más profundos y una toma de decisiones más inteligente para los clientes.
CGI (TSX: GIB.A) (NYSE: GIB)는 데이터 분석 및 비즈니스 인텔리전스 전문 IT 컨설팅 회사인 Momentum Technologies의 인수를 발표했습니다. 이 인수는 250명 이상의 숙련된 컨설턴트와 전문가를 CGI의 인력에 통합하여 공공 부문 및 건강, 보험을 포함한 상업 산업 전반에 걸쳐 지역적 존재감과 서비스 능력을 강화합니다.
2003년에 설립된 Momentum Technologies는 디지털 전환, 관리형 서비스, 클라우드 컴퓨팅 및 기업 소프트웨어 개발 분야에서 혁신적인 솔루션을 제공하는 것으로 인정받고 있습니다. 이번 합병은 CGI의 AI 능력과 분석 제공을 강화하여 고객에게 더 깊은 통찰력과 더 스마트한 의사 결정을 가능하게 하는 것을 목표로 합니다.
CGI (TSX: GIB.A) (NYSE: GIB) a annoncé l'acquisition de Momentum Technologies, une société de services de conseil en TI basée à Québec, spécialisée dans l'analyse de données et l'intelligence d'affaires. Cette acquisition intégrera plus de 250 consultants et professionnels qualifiés dans la main-d'œuvre de CGI, renforçant sa présence locale et ses capacités de service dans les secteurs public et commercial, y compris la santé et les assurances.
Fondée en 2003, Momentum Technologies est reconnue pour fournir des solutions innovantes en transformation numérique, services gérés, informatique en nuage et développement de logiciels d'entreprise. La fusion vise à améliorer les capacités en IA et les offres d'analytique de CGI, permettant des insights plus profonds et une prise de décision plus intelligente pour les clients.
CGI (TSX: GIB.A) (NYSE: GIB) hat die Übernahme von Momentum Technologies angekündigt, einem IT-Beratungsunternehmen mit Sitz in Québec City, das auf Datenanalyse und Business Intelligence spezialisiert ist. Die Übernahme wird über 250 qualifizierte Berater und Fachkräfte in die Belegschaft von CGI integrieren und damit die lokale Präsenz sowie die Servicefähigkeiten in den öffentlichen Sektor und kommerziellen Branchen, einschließlich Gesundheit und Versicherungen, stärken.
Gegründet im Jahr 2003, ist Momentum Technologies bekannt für die Bereitstellung innovativer Lösungen in der digitalen Transformation, im Managed Service, im Cloud Computing und in der Entwicklung von Unternehmenssoftware. Die Fusion zielt darauf ab, die KI-Fähigkeiten und Analyseangebote von CGI zu verbessern, um tiefere Einblicke und intelligentere Entscheidungen für die Kunden zu ermöglichen.
- Acquisition adds 250+ skilled IT professionals to CGI's workforce
- Expands CGI's data analytics and AI capabilities
- Strengthens market presence in Québec City
- Enhances service offerings in public sector and commercial industries
- None.
Insights
CGI's acquisition of Momentum Technologies represents a strategic capability expansion in the high-value data analytics and business intelligence segments. By adding 250 skilled professionals with specialized expertise, CGI is making a calculated move to strengthen its service offerings in AI-driven analytics – capabilities that command premium billing rates in today's consulting marketplace.
This acquisition follows CGI's proven growth strategy of targeted acquisitions that enhance both geographic presence and specialized capabilities. Momentum's established reputation in Québec City should accelerate client acquisition in the region while their expertise across public sector, health, and insurance aligns perfectly with CGI's existing vertical focus.
The acquisition particularly enhances CGI's positioning in two strategic areas:
- Public sector consulting, where long-term contracts provide stable revenue streams
- Data analytics/AI capabilities, which typically generate higher margins than traditional IT services
From an integration perspective, the historical collaboration between the companies suggests reduced execution risk compared to typical acquisitions. While financial terms weren't disclosed, tuck-in acquisitions of specialized firms like Momentum typically create shareholder value through cross-selling opportunities and enhanced service capabilities.
This move strengthens CGI's competitive position against both global systems integrators and specialized analytics boutiques in the Canadian market, reflecting the broader industry consolidation trend as larger players acquire specialized capabilities to meet evolving client demands.
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Acquisition deepens CGI's data and business intelligence capabilities
More than 250 highly skilled consultants and professionals will join CGI, deepening the company's local presence and capacity to serve clients across the public sector and several commercial industries such as health and insurance.
"On behalf of CGI, we extend a warm welcome to the talented professionals from Momentum Technologies," says Michael Godin, President of CGI's operations in
"With this acquisition, we are further strengthening our presence in
"Momentum Technologies has always been driven by a commitment to excellence, innovation and strong client relationships," says Mohamed Guetat, President, Momentum Technologies. "Joining forces with CGI is an exciting chapter that aligns with our culture, values and vision for the future. As part of a larger organization with extensive resources and global reach, we will be able to provide even greater opportunities for our talented professionals, and enhanced solutions for our clients."
Founded in 2003, Momentum Technologies is recognized as a leading local provider of innovative solutions that drive digital transformation and operational efficiency for businesses across various industries, including public sector. The company also specializes in managed services, cloud computing, and enterprise software development, empowering organizations with scalable, secure, and customized technology solutions.
About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA
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SOURCE CGI Inc.
FAQ
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