CGI Federal announces extension of 10-year partnership with U.S. State Department in support of Consular Affairs services in India

Rhea-AI Summary

CGI Federal, a subsidiary of CGI Inc. (NYSE: GIB), announced a continuation of its partnership with the U.S. Department of State by supporting consular services in India. This new 10-year task order, initiated in January 2023 under the Global Support Strategy 2.0 contract, will utilize the CGI Atlas360 solution to enhance the visa application process. The project aims to increase efficiency and security while addressing fraud concerns. With a demonstrated history of success in mission-critical environments, CGI Federal aims to optimize U.S. consular operations in India, further solidifying its relationship with the State Department.

Positive

• CGI Federal secured a new 10-year task order with the U.S. Department of State.
• The CGI Atlas360 solution enhances efficiency and security in visa applications.
• The contract extends CGI's established relationship with a key government agency.

Negative

• None.

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FAIRFAX, Va., March 2, 2023 /PRNewswire/ - CGI Federal, the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), announced today that it will continue to support consular services for the U.S. Department of State's Bureau of Consular Affairs in the Republic of India. The services will be delivered under a new, 10-year task order awarded in January 2023 under the Global Support Strategy for Overseas Consular Support Services 2.0 (GSS 2.0) contract. Specifically, CGI Federal will leverage its proven CGI Atlas360 solution to provide critical on-site processing support for consular services.

"CGI Federal is proud to extend its relationship with the Bureau of Consular Affairs and provide capabilities that will maintain the efficiency and security of the U.S. visa application process in India," said Lacy Perry, CGI Federal Senior Vice-President, Consulting-Delivery and International Affairs and Energy Business Unit Account Lead. "As a trusted partner of the State Department, CGI Federal will continue to leverage our experience in complex, mission-critical environments to optimize the performance of U.S. consular processes in this dynamic region of the world."

Configured to meet the needs of U.S. consulates, CGI Federal will continue to leverage its CGI Atlas360 solution in India. The solution provides a person-centric, end-to-end view of the visa application process that is secure, and flexible. CGI Atlas360 also contains built-in functionality that helps combat fraud and abuse in the appointment system.

About CGI Federal

CGI Federal Inc., 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 is among the largest IT and business consulting services firms in the world. With 90,250 consultants and other 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. With Fiscal 2022 reported revenue of C$12.87 billion, CGI 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'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, 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'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 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'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'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 Inc.

FAQ

What is the new contract awarded to GIB related to?

The new contract awarded to GIB is for supporting U.S. consular services in India for 10 years.

When was the contract awarded to CGI Federal?

The contract was awarded in January 2023.

How will CGI Federal support consular services in India?

CGI Federal will use the CGI Atlas360 solution to enhance the visa application process.

What are the benefits of the CGI Atlas360 solution?

The CGI Atlas360 solution provides a secure, flexible, and efficient end-to-end view of the visa application process.