STOCK TITAN

CGI opens new center of excellence to enable business and societal transformation through space and geospatial data solutions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

CGI (NYSE: GIB) has launched a new Space and Geospatial Center of Excellence in Finland. This initiative aims to harness space and geospatial data technologies to enhance operational efficiency across various industries, address societal challenges, and create new business opportunities. CGI has been a long-term partner with organizations like the European Space Agency and provides mission-critical software systems. Approximately 70 experts will be recruited initially for the center, with plans for 30 more later. CGI's fiscal 2022 revenue was C$12.87 billion.

Positive
  • Launch of a new Space and Geospatial Center of Excellence in Finland.
  • Partnerships aimed at enhancing operational efficiency and addressing societal challenges.
  • Recruitment of approximately 70 experts initially, signaling growth and investment.
Negative
  • None.

Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom 

HELSINKI, Dec. 7, 2022 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) is opening a new Space and Geospatial Center of Excellence in Finland to partner with organizations across industries to use space and geospatial data technologies. The aim of these partnerships is to help organizations enhance their operations and customer or citizen experience; pursue new business opportunities made possible by advancements in space; and address pressing societal challenges, such as climate change and security threats.

"Finland is recognized internationally as an expert in developing new technologies, including advanced satellite data solutions," says Leena-Mari Lähteenmaa, President of CGI´s operations in Finland, Poland and Baltics. "Integrating this specialized expertise with CGI's space technology capabilities will create new opportunities for driving business and societal transformation across industries, including environmental and natural resources, transportation, logistics, and retail, among others."

CGI is a long-term space technology partner for clients such as the European Space Agency (ESA) and the U.S. federal government, as well as military forces, security organizations, and environmental authorities across Europe, Australia, Asia, and North America. The company delivers complex, mission-critical space software systems for satellite navigation, communication and control, as well as Earth observation.

"New solutions emanating from Europe's Galileo project, which CGI has long supported, together with more mature cloud technologies and significant advances in data analytics and artificial intelligence are generating new business use cases for satellite data," Miika Salo, Vice-President leading CGI's new center of excellence adds. "These include fighting climate change, managing critical infrastructure, optimizing corporate supply chains, and improving consumer services, among others. We look forward to helping clients explore the many ways space innovation can transform their businesses and enable them to positively impact our world."

CGI is recruiting new talent in Finland and approximately 70 space and geospatial data experts will join the center during its start-up phase, with 30 more recruited later. 

Since completing its first space project in 1974, CGI has supported the missions of more than 1,000 space satellites. With 2,500 experts in space and related industries, the company helps clients build and implement space strategies and solutions that achieve tangible outcomes. For more information on CGI's space capabilities and experience, visit cgi.com/space

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 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 2022 reported revenue is C$12.87 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Cision View original content:https://www.prnewswire.com/news-releases/cgi-opens-new-center-of-excellence-to-enable-business-and-societal-transformation-through-space-and-geospatial-data-solutions-301696880.html

SOURCE CGI Inc.

FAQ

What is the purpose of CGI's new Space and Geospatial Center of Excellence?

The center aims to enhance operations, create new business opportunities, and address societal challenges using space and geospatial data technologies.

When was the new CGI center announced?

The new center was announced on December 7, 2022.

What are CGI's reported revenues for fiscal 2022?

CGI reported revenues of C$12.87 billion for fiscal 2022.

How many experts will CGI recruit for the new center?

CGI plans to recruit approximately 70 experts initially, with 30 more to follow.

Which organizations has CGI partnered with in the space sector?

CGI has partnered with organizations like the European Space Agency and the U.S. federal government.

CGI Inc.

NYSE:GIB

GIB Rankings

GIB Latest News

GIB Stock Data

24.82B
202.14M
0.79%
70.01%
0.57%
Information Technology Services
Technology
Link
United States of America
Montreal