CGI Federal & All In Solutions form Adcredo IT Solutions, a joint venture to serve federal agencies through managed services, AI and advanced data analytics

Rhea-AI Summary

CGI Federal Inc. (NYSE: GIB) (TSX: GIB.A) announced a partnership with All In Solutions LLC to form Adcredo IT Solutions, a joint venture focusing on delivering mission-focused IT solutions for federal civilian and defense missions. The joint venture combines CGI's federal experience and system application expertise with All In Solutions' capabilities to support agencies like the Department of Veterans Affairs in providing state-of-the-art outcomes to our nation's Veterans.

Positive

• Partnership with All In Solutions LLC to form Adcredo IT Solutions
• Joint venture leverages federal experience and system application expertise
• Supports federal civilian and defense missions
• Focuses on delivering mission-focused IT solutions
• Positioned to offer specialized services that support the VA's mission

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• None.

FAIRFAX, Va., Nov. 28, 2023 /PRNewswire/ -- CGI Federal Inc., the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), announced today its partnership with All In Solutions LLC, a Service Disabled Veteran and Woman Owned Small Business, in a mentor-protégé agreement to form Adcredo IT Solutions. Combining deep federal experience and system application expertise, the joint venture leverages the organizations' know how to deliver mission-focused IT solutions on application and business consulting services that support federal civilian and defense missions.

"Adcredo IT Solutions brings together two organizations that share an unwavering commitment to supporting agencies who deliver services for those who serve and have sacrificed for our country," said Alisa Bearfield, Senior Vice-President and Civilian Business Unit Lead at CGI. "For over 45 years, CGI has supported federal civilian agencies in advancing their critical missions, enhancing productivity, and ensuring seamless operations. As the Department of Veterans Affairs (VA) continues to seek partners to provide state of the art outcomes to our nation's Veterans, Adcredo is positioned to offer specialized services that supports its mission."

Created to support federal agencies achieve mission outcomes at scale, Adcredo leverages complex system integration and organizational change management experience, including CGI's multi-year transformation of financial management business processes at various administrations throughout the VA, coupled with managed services, AI, and data analytics capabilities to align with organizations' modernization strategies.

"We are ready to support VA, Department of Defense, and other federal agency mission enablement needs by advancing their business objectives and fueling innovation quickly and accurately through managed services, IT solutions, application development and sustainment, and strategic initiatives," stated the Hon. Allison A. Hickey, Brig Gen (USAF Ret), All In Solutions, LLC CEO and Managing Member of Adcredo IT Solutions LLC. "As the VA, DoD, and other federal agencies continue their evolution of system modernization and broader transformation, they can count on Adcredo to deliver mission results."

To learn more about Adcredo please visit: http://adcredoit.com/.

About CGI Federal Inc.
CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI Inc. is among the largest IT and business consulting services firms in the world. With 91,500 consultants and other professionals across the globe, CGI Inc. 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 Inc. works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2023 reported revenue of C$14.30 billion, CGI Inc. shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI Inc.'s intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI Inc., and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic conditions, and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws, our ability to negotiate favorable contractual terms, to deliver our services and to collect receivables, and the reputational and financial risks attendant to cybersecurity breaches and other incidents; as well as other risks identified or incorporated by reference in this press release, in CGI Inc.'s annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI Inc. disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled "Risk Environment" of CGI Inc.'s annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI Inc.'s annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

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SOURCE CGI Federal, Inc.

FAQ

What is the partnership announced by CGI Federal Inc. (NYSE: GIB) (TSX: GIB.A)?

CGI Federal Inc. announced a partnership with All In Solutions LLC to form Adcredo IT Solutions, a joint venture focusing on delivering mission-focused IT solutions for federal civilian and defense missions.

What are the main objectives of Adcredo IT Solutions?

Adcredo IT Solutions aims to support federal agencies in achieving mission outcomes at scale by leveraging complex system integration, organizational change management experience, managed services, AI, and data analytics capabilities.

Who are the key figures involved in Adcredo IT Solutions?

The key figures involved in Adcredo IT Solutions are Alisa Bearfield, Senior Vice-President and Civilian Business Unit Lead at CGI, and the Hon. Allison A. Hickey, Brig Gen (USAF Ret), CEO and Managing Member of Adcredo IT Solutions LLC.

What is the focus of Adcredo IT Solutions?

Adcredo IT Solutions focuses on delivering mission-focused IT solutions for federal civilian and defense missions, particularly supporting the Department of Veterans Affairs and other federal agencies in achieving state-of-the-art outcomes for our nation's Veterans.